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Gjensidige Forsikring ASA ROE %

: 23.78% (As of Sep. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Gjensidige Forsikring ASA's annualized net income attributable to common stockholders for the quarter that ended in Sep. 2021 was $691 Mil. Gjensidige Forsikring ASA's average Total Stockholders Equity over the quarter that ended in Sep. 2021 was $2,904 Mil. Therefore, Gjensidige Forsikring ASA's annualized ROE % for the quarter that ended in Sep. 2021 was 23.78%.

The historical rank and industry rank for Gjensidige Forsikring ASA's ROE % or its related term are showing as below:

OTCPK:GJNSY' s ROE % Range Over the Past 10 Years
Min: 11.85   Med: 17.5   Max: 27.17
Current: 27.17

11.85
27.17

During the past 13 years, Gjensidige Forsikring ASA's highest ROE % was 27.17%. The lowest was 11.85%. And the median was 17.50%.

OTCPK:GJNSY's ROE % is ranked higher than
82% of the 177 Companies
in the Insurance industry.

( Industry Median: 11.41 vs. OTCPK:GJNSY: 27.17 )

Gjensidige Forsikring ASA ROE % Historical Data

The historical data trend for Gjensidige Forsikring ASA's ROE % 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.

* Premium members only.

Gjensidige Forsikring ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.64 19.94 15.36 25.79 19.60

Gjensidige Forsikring ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.49 32.33 22.64 30.96 23.78

Competitive Comparison

For the Insurance - Diversified subindustry, Gjensidige Forsikring ASA's ROE %, along with its competitors' market caps and ROE % 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.

   

Gjensidige Forsikring ASA ROE % Distribution

For the Insurance industry and Financial Services sector, Gjensidige Forsikring ASA's ROE % distribution charts can be found below:

* The bar in red indicates where Gjensidige Forsikring ASA's ROE % falls into.



Gjensidige Forsikring ASA ROE % Calculation

Gjensidige Forsikring ASA's annualized ROE % for the fiscal year that ended in Dec. 2020 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2020 )/( (Total Stockholders Equity (A: Dec. 2019 )+Total Stockholders Equity (A: Dec. 2020 ))/ count )
=568.93799313204/( (2902.4379432624+2903.8141286996)/ 2 )
=568.93799313204/2903.126035981
=19.60 %

Gjensidige Forsikring ASA's annualized ROE % for the quarter that ended in Sep. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Sep. 2021 )/( (Total Stockholders Equity (Q: Jun. 2021 )+Total Stockholders Equity (Q: Sep. 2021 ))/ count )
=690.71295750898/( (2919.7682563427+2889.1006317637)/ 2 )
=690.71295750898/2904.4344440532
=23.78 %

* 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 ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Sep. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Gjensidige Forsikring ASA  (OTCPK:GJNSY) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=690.71295750898/2904.4344440532
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(690.71295750898 / 3706.2240855595)*(3706.2240855595 / 14891.112592203)*(14891.112592203 / 2904.4344440532)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.64 %*0.2489*5.127
=ROA %*Equity Multiplier
=4.64 %*5.127
=23.78 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=690.71295750898/2904.4344440532
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (690.71295750898 / 934.13256643914) * (934.13256643914 / 0) * (0 / 3706.2240855595) * (3706.2240855595 / 14891.112592203) * (14891.112592203 / 2904.4344440532)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7394 * N/A * 0 % * 0.2489 * 5.127
=23.78 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Sep. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Sep. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Gjensidige Forsikring ASA ROE % Related Terms

Thank you for viewing the detailed overview of Gjensidige Forsikring ASA's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA Headlines

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