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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. White Mountains Insurance Group's annualized net income for the quarter that ended in Dec. 2023 was $1,146 Mil. White Mountains Insurance Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $3,723 Mil. Therefore, White Mountains Insurance Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 30.78%.
The historical rank and industry rank for White Mountains Insurance Group's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, White Mountains Insurance Group's highest Return-on-Tangible-Equity was 24.73%. The lowest was -8.70%. And the median was 12.49%.
The historical data trend for White Mountains Insurance Group's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
White Mountains Insurance Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 16.88 | 24.73 | -8.70 | 24.16 | 14.10 |
White Mountains Insurance Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Equity | Get a 7-Day Free Trial | 4.85 | 20.87 | 2.22 | 2.65 | 30.78 |
For the Insurance - Property & Casualty subindustry, White Mountains Insurance Group's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Insurance industry and Financial Services sector, White Mountains Insurance Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where White Mountains Insurance Group's Return-on-Tangible-Equity falls into.
White Mountains Insurance Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets ) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 509.2 | / | ( (3354.5 | + | 3869.9 ) | / 2 ) | |
= | 509.2 | / | 3612.2 | ||||
= | 14.10 % |
White Mountains Insurance Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as
Return-on-Tangible-Equity | = | Net Income | / | ( (Total Tangible Equity | + | Total Tangible Equity) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Stockholders Equity - Intangible Assets | + | Total Stockholders Equity - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 1146 | / | ( (3577 | + | 3869.9) | / 2 ) | |
= | 1146 | / | 3723.45 | ||||
= | 30.78 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.
White Mountains Insurance Group (NYSE:WTM) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Thank you for viewing the detailed overview of White Mountains Insurance Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Weston M Hicks | director | C/O ALLEGHANY CORPORATION, 1411 BROADWAY, 34TH FLOOR, NEW YORK NY 10018 |
Steven Yi | director | 700 SOUTH FLOWER STREET, SUITE 640, LOS ANGELES CA 90017 |
Michaela Hildreth | officer: Chief Accounting Officer | 23 S MAIN STREET, SUITE 3B, HANOVER NH 03755 |
Peter M Carlson | director | BRIGHTHOUSE FINANCIAL, INC., 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277 |
Morgan W Davis | director | 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Suzanne F. Shank | director | C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309 |
Mary C Choksi | director | |
Philip A Gelston | director | 80 SOUTH MAIN ST, C/O WHITE MOUNTAINS, HANOVER NH 03755 |
David Allen Tanner | director | C/O ARLON GROUP LLC, 277 PARK AVE, NEW YORK NY 10172 |
Margaret Dillon | director | C/O GUIDEWIRE SOFTWARE, INC., 2850 DELAWARE ST. STE 400, SAN MATEO CA 94403 |
Liam P Caffrey | officer: EVP & Chief Financial Officer | 23 S MAIN STREET, STE. 3B, HANOVER NH 03755 |
Robert Lawrence Seelig | officer: EVP & General Counsel | |
George Manning Rountree | director, officer: Chief Executive Officer | C/O 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Reid Tarlton Campbell | officer: EVP & Chief Financial Officer | C/O WHITE MOUNTAINS INSURANCE GROUP, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Lowndes Andrew Smith | director | C/O WHITE MOUNTIAN INSURANCE GROUP, 80 S MIAN ST, HANOVER NH 03755 |
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