Dunav osiguranje a.d (XBEL:DNOS) Retained Earnings: RSD6,506 Mil (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBEL:DNOS Dunav osiguranje a.d XBEL:DNOS
63 GF Score
Price RSD1,850.00
GF Value RSD1,487.60
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Dunav osiguranje a.d Retained Earnings?

Dunav osiguranje a.d XBEL:DNOS 63 Retained Earnings is RSD6,506 Mil as of Dec. 2025. GuruFocus rates XBEL:DNOS with a GF Score™ of 63/100 and a GF Value™ of RSD1,487.60 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Dunav osiguranje a.d's retained earnings for the quarter that ended in Dec. 2025 was RSD6,506 Mil.

Dunav osiguranje a.d's quarterly retained earnings declined from Dec. 2024 (RSD9,044 Mil) to Jun. 2025 (RSD7,736 Mil) and declined from Jun. 2025 (RSD7,736 Mil) to Dec. 2025 (RSD6,506 Mil).

Dunav osiguranje a.d's annual retained earnings increased from Dec. 2023 (RSD5,403 Mil) to Dec. 2024 (RSD9,044 Mil) but then declined from Dec. 2024 (RSD9,044 Mil) to Dec. 2025 (RSD6,506 Mil).


Dunav osiguranje a.d  (XBEL:DNOS) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Dunav osiguranje a.d Retained Earnings Historical Data

* Premium members only.

The historical data trend for Dunav osiguranje a.d's Retained Earnings 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.

Dunav osiguranje a.d Retained Earnings Chart

Dunav osiguranje a.d Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,497.50 3,261.20 5,403.18 9,043.55 6,506.21

Dunav osiguranje a.d Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Retained Earnings Get a 7-Day Free Trial 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 5,403.18 12,792.67 9,043.55 7,736.47 6,506.21
XBEL:DNOS
63GF Score
Dunav osiguranje a.d XBEL:DNOS
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Dunav osiguranje a.d Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of RSD6,506 Mil mean?
Dunav osiguranje a.d (XBEL:DNOS) has a Retained Earnings of RSD6,506 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Dunav osiguranje a.d and its competitors.
Is Dunav osiguranje a.d's Retained Earnings too high?
Dunav osiguranje a.d's current Retained Earnings is RSD6,506 Mil. Overall, Dunav osiguranje a.d has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dunav osiguranje a.d's Retained Earnings compare to CB and PGR?
Dunav osiguranje a.d's Retained Earnings of RSD6,506 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Insurance company?
A good Retained Earnings depends on the Insurance industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Dunav osiguranje a.d and its competitors. Dunav osiguranje a.d's current Retained Earnings is RSD6,506 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dunav osiguranje a.d stock overvalued right now?
Based on GuruFocus' analysis, Dunav osiguranje a.d (XBEL:DNOS) is currently considered Modestly Overvalued. The stock's GF Value™ is RSD1,487.60, compared to a current price of RSD1,850.00 — trading 24.4% above its estimated fair value. The current Retained Earnings is RSD6,506 Mil. Dunav osiguranje a.d's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Dunav osiguranje a.d (XBEL:DNOS), the current Retained Earnings is RSD6,506 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dunav osiguranje a.d (XBEL:DNOS) Overvalued in 2026?

Based on GuruFocus' analysis, Dunav osiguranje a.d stock appears to be overvalued. The current stock price of RSD1,850.00 is trading 24.4% above its estimated GF Value™ of RSD1,487.60. GuruFocus considers Dunav osiguranje a.d to be Modestly Overvalued.

Key valuation signals for XBEL:DNOS:

  • Retained Earnings: RSD6,506 Mil
  • GF Value™: RSD1,487.60 vs. price of RSD1,850.00 (24.4% above fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the XBEL:DNOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dunav osiguranje a.d Business Description

Address Makedonska 4, Belgrade, SRB
Dunav osiguranje a.d. is an insurance company. The company provides insurance, reinsurance, co-insurance, and other insurance services. It offers motor, property, church houses, accident, good health, transportation, liability, and agriculture insurance.
63GF Score

Get the complete analysis for XBEL:DNOS

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RSD1,850.00
Price
RSD1,487.60
GF Value