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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. Aspen Insurance Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was €461 Mil. Aspen Insurance Holdings's average total tangible assets for the quarter that ended in Dec. 2025 was €13,938 Mil. Therefore, Aspen Insurance Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 3.31%.
The historical rank and industry rank for Aspen Insurance Holdings's Return-on-Tangible-Asset or its related term are showing as below:
FRA:8ZV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.03 Med: 0.3 Max: 3.47
Current: 2.04
During the past 13 years, Aspen Insurance Holdings's highest Return-on-Tangible-Asset was 3.47%. The lowest was -2.03%. And the median was 0.30%.
FRA:8ZV's Return-on-Tangible-Asset is not ranked
in the Insurance industry.
Industry Median: 2.77
vs FRA:8ZV: 2.04
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.
Aspen Insurance Holdings Return-on-Tangible-Asset Related Terms
Aspen Insurance Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Aspen Insurance Holdings'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.
FRA:8ZV vs CB, PGR, TRV: Return-on-Tangible-Asset Comparison
For the Insurance - Property & Casualty subindustry, Aspen Insurance Holdings'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.
Aspen Insurance Holdings Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Aspen Insurance Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Aspen Insurance Holdings's Return-on-Tangible-Asset falls into.
* 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 four times the quarterly (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.31% mean?
Aspen Insurance Holdings (FRA:8ZV) has a Return-on-Tangible-Asset of 3.31% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aspen Insurance Holdings and its competitors. This is 1003% above median its historical median of 0.30.
Is Aspen Insurance Holdings' Return-on-Tangible-Asset too high?
Aspen Insurance Holdings' current Return-on-Tangible-Asset of 3.31% is 1003% above median its 10-year median of 0.30. The Insurance industry median Return-on-Tangible-Asset is 2.77. Aspen Insurance Holdings' value of 3.31% is 19.5% above this industry median. Overall, Aspen Insurance Holdings has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Aspen Insurance Holdings' Return-on-Tangible-Asset compare to CB and PGR?
Aspen Insurance Holdings' Return-on-Tangible-Asset of 3.31% can be compared against companies in the Insurance industry. The industry median Return-on-Tangible-Asset is 2.77. Aspen Insurance Holdings' value of 3.31% is 19.5% above this benchmark. While the company's 10-year median is 0.30 vs. the industry median of 2.77, Aspen Insurance Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.77, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aspen Insurance Holdings's current Return-on-Tangible-Asset of 3.31% is 19.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Aspen Insurance Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Insurance Holdings's current Return-on-Tangible-Asset is 3.31%, which is 1003% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Insurance Holdings stock overvalued right now?
Aspen Insurance Holdings (FRA:8ZV) has a current Return-on-Tangible-Asset of 3.31%. The current Return-on-Tangible-Asset is 3.31%, which is 1003% above median its 10-year median of 0.30 and 19.5% above the Insurance industry median of 2.77. Aspen Insurance Holdings' overall GF Score™ is 31/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Aspen Insurance Holdings (FRA:8ZV), the current Return-on-Tangible-Asset is 3.31% 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.
Aspen Insurance Holdings Ltd is a Bermudian insurance and reinsurance company. Its principal business is marketing and underwriting specialty insurance and reinsurance regularly. It comprises underwriting operations, which include risk-bearing insurance and reinsurance operations; Investing activities, which support underwriting operations; and ACM operations, which earn underwriting, management, and performance fees. It has two segments: Aspen Insurance and Aspen Reinsurance. Aspen Insurance consists of property and casualty insurance, marine, aviation, energy insurance, and financial and professional lines insurance. Aspen Reinsurance comprises property catastrophe reinsurance, other property reinsurance, casualty reinsurance, and specialty reinsurance.
31GF Score
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