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. Admiral Group's annualized net income for the quarter that ended in Dec. 2023 was $414 Mil. Admiral Group's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $907 Mil. Therefore, Admiral Group's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 45.65%.
The historical rank and industry rank for Admiral Group's Return-on-Tangible-Equity or its related term are showing as below:
AMIGY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 31.88 Med: 62.2 Max: 94.94
Current: 48.22
During the past 13 years, Admiral Group's highest Return-on-Tangible-Equity was 94.94%. The lowest was 31.88%. And the median was 62.20%.
AMIGY's Return-on-Tangible-Equity is ranked better than 92.03% of 477
companies
in the Insurance industry
Industry Median: 11.78
vs AMIGY: 48.22
Admiral Group Return-on-Tangible-Equity Historical Data
The historical data trend for Admiral 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.
Competitive Comparison of Admiral Group's Return-on-Tangible-Equity
For the Insurance - Property & Casualty subindustry, Admiral 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.
Admiral Group's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Admiral Group's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Admiral Group's Return-on-Tangible-Equity falls into.
Admiral Group Return-on-Tangible-Equity Calculation
Admiral Group's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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 two times the semi-annual (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Admiral Group (OTCPK:AMIGY) 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.
Admiral Group Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Admiral Group's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Admiral Group (Admiral Group) Business Description
Admiral is a personal lines insurance company that operates predominantly in the United Kingdom. The business is mainly a motor insurer, with U.K. motor and international cars accounting for the majority of Admiral's gross written premium. The business also has a nascent but growing U.K. household insurance division. Admiral was established in 1993 to sell motor insurance to nonstandard risk policyholders. These nonstandard risks included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years, Admiral has continued to expand its wheelhouse of nonstandard risk selection.
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