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. Swiss Re AG's annualized net income for the quarter that ended in Dec. 2023 was CHF3,056 Mil. Swiss Re AG's average shareholder tangible equity for the quarter that ended in Dec. 2023 was CHF9,207 Mil. Therefore, Swiss Re AG's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 33.19%.
The historical rank and industry rank for Swiss Re AG's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:SREN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.44 Med: 5.11 Max: 31.87
Current: 31.87
During the past 13 years, Swiss Re AG's highest Return-on-Tangible-Equity was 31.87%. The lowest was -3.44%. And the median was 5.11%.
XSWX:SREN's Return-on-Tangible-Equity is ranked better than 86.79% of 477
companies
in the Insurance industry
Industry Median: 11.78
vs XSWX:SREN: 31.87
Swiss Re AG Return-on-Tangible-Equity Historical Data
The historical data trend for Swiss Re AG'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 Swiss Re AG's Return-on-Tangible-Equity
For the Insurance - Reinsurance subindustry, Swiss Re AG'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.
Swiss Re AG's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Swiss Re AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Swiss Re AG's Return-on-Tangible-Equity falls into.
Swiss Re AG Return-on-Tangible-Equity Calculation
Swiss Re AG'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.
Swiss Re AG (XSWX:SREN) 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.
Swiss Re AG Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Swiss Re AG's Return-on-Tangible-Equity 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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