ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Assicurazioni Generali's annualized net income for the quarter that ended in Sep. 2023 was €0 Mil. Assicurazioni Generali's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was €26,693 Mil. Therefore, Assicurazioni Generali's annualized ROE % for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Assicurazioni Generali's ROE % or its related term are showing as below:
During the past 13 years, Assicurazioni Generali's highest ROE % was 12.80%. The lowest was 0.00%. And the median was 9.09%.
XBRU:GEN's ROE % is not ranked *
in the Insurance industry.
Industry Median: 9.65 * Ranked among companies with meaningful ROE % only.
Assicurazioni Generali ROE % Historical Data
The historical data trend for Assicurazioni Generali'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.
Competitive Comparison of Assicurazioni Generali's ROE %
For the Insurance - Diversified subindustry, Assicurazioni Generali'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.
Assicurazioni Generali's ROE % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Assicurazioni Generali's ROE % distribution charts can be found below:
* The bar in red indicates where Assicurazioni Generali's ROE % falls into.
Assicurazioni Generali ROE % Calculation
Assicurazioni Generali's annualized ROE % for the fiscal year that ended in Dec. 2022 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 ROE %, the net income 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 data used here is four times the quarterly (Sep. 2023) net income data.
ROE % is displayed in the 30-year financial page.
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:
Note:
The net income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income 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.
Assicurazioni Generali ROE % Related Terms
Thank you for viewing the detailed overview of Assicurazioni Generali's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Assicurazioni Generali (XBRU:GEN) Business Description
The roots of Generali date back to the 1830s and the Bora wind and rough seas that hit the Trieste region. Over that decade Generali sought to expand throughout Italy, but this growth was held back by the fragmented nature of Italy. The Italian Revolution in the 1840s paved the way for easier expansion in the country. After the First World War Trieste was eventually handed back to Italy. The dissolution of the Austro-Hungarian Empire created a fragmented Europe and a fragmented Generali. While to this day Generali remains quite a diversified company, its core operations remain in historical Austro-Hungarian countries of Italy, Germany, Austria, and Central and Eastern Europe. This is the case in Generali's nonlife business. France is also an important contributor to life and savings.
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