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. NN Group NV's annualized net income for the quarter that ended in Dec. 2023 was $1,278 Mil. NN Group NV's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $21,353 Mil. Therefore, NN Group NV's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 5.99%.
The historical rank and industry rank for NN Group NV's Return-on-Tangible-Equity or its related term are showing as below:
NNGRY'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.39 Med: 6.52 Max: 10.95
Current: 5.96
During the past 13 years, NN Group NV's highest Return-on-Tangible-Equity was 10.95%. The lowest was 3.39%. And the median was 6.52%.
NNGRY's Return-on-Tangible-Equity is ranked worse than 71.34% of 478
companies
in the Insurance industry
Industry Median: 11.77
vs NNGRY: 5.96
NN Group NV Return-on-Tangible-Equity Historical Data
The historical data trend for NN Group NV'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 NN Group NV's Return-on-Tangible-Equity
For the Insurance - Diversified subindustry, NN Group NV'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.
NN Group NV's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, NN Group NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NN Group NV's Return-on-Tangible-Equity falls into.
NN Group NV Return-on-Tangible-Equity Calculation
NN Group NV'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.
NN Group NV (OTCPK:NNGRY) 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.
NN Group NV Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of NN Group NV's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Nationale Nederlanden Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life; Netherlands nonlife; insurance Europe; and Japan life. The Netherlands life business is the biggest division of the company and tends to generate around three quarters of operating income. That business sells traditional spread-based long-term savings and the new style-defined contribution savings products. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined contribution products are managed by Goldman Sachs. Since around 2013, NN has managed its individual life insurance business as being closed to new business.
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