Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Swiss Re AG's annualizedNet Income for the quarter that ended in Dec. 2023 was $3,534 Mil. Swiss Re AG's average total tangible assets for the quarter that ended in Dec. 2023 was $175,356 Mil. Therefore, Swiss Re AG's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 2.02%.
The historical rank and industry rank for Swiss Re AG's Return-on-Tangible-Asset or its related term are showing as below:
SSREY'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.4 Med: 0.58 Max: 2.4
Current: 1.83
During the past 13 years, Swiss Re AG's highest Return-on-Tangible-Asset was 2.40%. The lowest was -0.40%. And the median was 0.58%.
SSREY's Return-on-Tangible-Asset is ranked worse than 52.24% of 490
companies
in the Insurance industry
Industry Median: 2.045
vs SSREY: 1.83
Swiss Re AG Return-on-Tangible-Asset Historical Data
The historical data trend for Swiss Re AG's Return-on-Tangible-Asset 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 Swiss Re AG's Return-on-Tangible-Asset
For the Insurance - Reinsurance subindustry, Swiss Re AG's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Swiss Re AG's Return-on-Tangible-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Swiss Re AG's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Swiss Re AG's Return-on-Tangible-Asset falls into.
Swiss Re AG Return-on-Tangible-Asset Calculation
Swiss Re AG's annualized Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets 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.
Swiss Re AG (OTCPK:SSREY) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Swiss Re AG Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Swiss Re AG's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Swiss Re is a reinsurer that has three core divisions: property and casualty reinsurance, life and health reinsurance, and corporate solutions. Swiss Re was founded in 1863 when the general manager of Helvetia sought to stem the flow of reinsurance premiums outside Switzerland. Moritz Grossmann argued he could cut the premiums paid to foreign firms, still make a profit, and pay mid-single-digit dividends. Swiss Re is now the second-largest reinsurer in the world by market cap, has 80 offices globally, and employs nearly 15,000 people. While the business did lose its way in the early part of the millennium, led by an ex-investment banker who took the business heavily into securitizations, lately Swiss Re has been focused on establishing quality within its three core divisions.
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