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Reinsurance Group of America (FRA:RGPB) 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.
Reinsurance Group of America Return-on-Tangible-Asset Related Terms
Reinsurance Group of America Return-on-Tangible-Asset Historical Data
* 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.
Reinsurance Group of America Return-on-Tangible-Asset Chart
FRA:RGPB vs EG, RNR, HG: Return-on-Tangible-Asset Comparison
For the Insurance - Reinsurance subindustry, Reinsurance Group of America'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.
Reinsurance Group of America Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Reinsurance Group of America's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Reinsurance Group of America'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.12% mean?
Reinsurance Group of America (FRA:RGPB) has a Return-on-Tangible-Asset of 1.12% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Reinsurance Group of America and its competitors. This is near median its historical median of 1.07. Over the past decade, Reinsurance Group of America's Return-on-Tangible-Asset has ranged from 0.51 to 3.21. According to the industry distribution chart, Reinsurance Group of America ranks #372 out of 505 companies in the Insurance industry, placing it in the top 73.7%.
Is Reinsurance Group of America's Return-on-Tangible-Asset too high?
Reinsurance Group of America's current Return-on-Tangible-Asset of 1.12% is near median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 3.21. The Insurance industry median Return-on-Tangible-Asset is 2.78. Reinsurance Group of America's value of 1.12% is 59.7% below this industry median. Based on the distribution chart, Reinsurance Group of America ranks #372 out of 505 companies in the Insurance industry, which is below the industry midpoint. Overall, Reinsurance Group of America has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Reinsurance Group of America's Return-on-Tangible-Asset compare to EG and RNR?
According to the Insurance industry distribution chart, Reinsurance Group of America ranks #372 out of 505 companies for Return-on-Tangible-Asset. This places Reinsurance Group of America in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.78. Reinsurance Group of America's value of 1.12% is 59.7% below this benchmark. Historically, Reinsurance Group of America's own Return-on-Tangible-Asset has ranged from 0.51 to 3.21 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 2.78, Reinsurance Group of America has consistently been below 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 2.78, based on 505 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. Reinsurance Group of America's current Return-on-Tangible-Asset of 1.12% is 59.7% below 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 Reinsurance Group of America and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reinsurance Group of America's current Return-on-Tangible-Asset is 1.12%, which is near median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reinsurance Group of America stock overvalued right now?
Based on GuruFocus' analysis, Reinsurance Group of America (FRA:RGPB) is currently considered Fairly Valued. The stock's GF Value™ is €216.72, compared to a current price of €204.60 — trading 5.6% below its estimated fair value. The current Return-on-Tangible-Asset is 1.12%, which is near median its 10-year median of 1.07 and 59.7% below the Insurance industry median of 2.78. Reinsurance Group of America's overall GF Score™ is 79/100 with 5 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 Reinsurance Group of America (FRA:RGPB), the current Return-on-Tangible-Asset is 1.12% as of Jun. 2026. 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 Reinsurance Group of America (FRA:RGPB) Overvalued in 2026?
Based on GuruFocus' analysis, Reinsurance Group of America stock appears to be undervalued.
The current stock price of €204.60 is trading 5.6% below its estimated GF Value™ of €216.72.
GuruFocus considers Reinsurance Group of America to be Fairly Valued.
Key valuation signals for FRA:RGPB:
Return-on-Tangible-Asset: 1.12% (near median its 10-year median of 1.07)
GF Value™: €216.72 vs. price of €204.60 (5.6% below fair value)
Industry Position: 59.7% below the Insurance median (#372 of 505)
No single metric tells the full story. See the FRA:RGPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reinsurance Group of America Inc is an insurance holding company with operations in the United States, Latin America, Canada, Europe, Africa, Asia, and Australia. The core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. The company's operations are divided into traditional and financial solution businesses.
79GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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