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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. United Overseas Insurance's annualizedNet Income for the quarter that ended in Dec. 2025 was €31.31 Mil. United Overseas Insurance's average total tangible assets for the quarter that ended in Dec. 2025 was €423.19 Mil. Therefore, United Overseas Insurance's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 7.40%.
The historical rank and industry rank for United Overseas Insurance's Return-on-Tangible-Asset or its related term are showing as below:
HAM:IZB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.21 Med: 4.64 Max: 6.48
Current: 5.18
During the past 13 years, United Overseas Insurance's highest Return-on-Tangible-Asset was 6.48%. The lowest was 3.21%. And the median was 4.64%.
HAM:IZB's Return-on-Tangible-Asset is ranked better than 74.46% of 505
companies
in the Insurance industry
Industry Median: 2.88
vs HAM:IZB: 5.18
United Overseas Insurance (HAM:IZB) 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.
United Overseas Insurance Return-on-Tangible-Asset Related Terms
United Overseas Insurance Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for United Overseas Insurance'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.
United Overseas Insurance Return-on-Tangible-Asset Chart
HAM:IZB vs CB, PGR, TRV: Return-on-Tangible-Asset Comparison
For the Insurance - Property & Casualty subindustry, United Overseas Insurance'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.
United Overseas Insurance Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, United Overseas Insurance's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where United Overseas Insurance'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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 7.40% mean?
United Overseas Insurance (HAM:IZB) has a Return-on-Tangible-Asset of 7.40% 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 United Overseas Insurance and its competitors. This is 59% above median its historical median of 4.64. Over the past decade, United Overseas Insurance's Return-on-Tangible-Asset has ranged from 3.21 to 6.48. According to the industry distribution chart, United Overseas Insurance ranks #129 out of 505 companies in the Insurance industry, placing it in the top 25.5%.
Is United Overseas Insurance's Return-on-Tangible-Asset too high?
United Overseas Insurance's current Return-on-Tangible-Asset of 7.40% is 59% above median its 10-year median of 4.64. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 6.48. The Insurance industry median Return-on-Tangible-Asset is 2.88. United Overseas Insurance's value of 7.40% is 156.9% above this industry median. Based on the distribution chart, United Overseas Insurance ranks #129 out of 505 companies in the Insurance industry, which is above the industry midpoint. Overall, United Overseas Insurance has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does United Overseas Insurance's Return-on-Tangible-Asset compare to CB and PGR?
According to the Insurance industry distribution chart, United Overseas Insurance ranks #129 out of 505 companies for Return-on-Tangible-Asset. This puts United Overseas Insurance in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.88. United Overseas Insurance's value of 7.40% is 156.9% above this benchmark. Historically, United Overseas Insurance's own Return-on-Tangible-Asset has ranged from 3.21 to 6.48 over the past decade. While the company's 10-year median is 4.64 vs. the industry median of 2.88, United Overseas Insurance 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 2.88, 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. United Overseas Insurance's current Return-on-Tangible-Asset of 7.40% is 156.9% 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 United Overseas Insurance and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Overseas Insurance's current Return-on-Tangible-Asset is 7.40%, which is 59% above median its own 10-year median of 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Overseas Insurance stock overvalued right now?
United Overseas Insurance (HAM:IZB) has a current Return-on-Tangible-Asset of 7.40%. The stock's GF Value™ is €5.73, compared to a current price of €5.60 — trading 2.3% below its estimated fair value. The current Return-on-Tangible-Asset is 7.40%, which is 59% above median its 10-year median of 4.64 and 156.9% above the Insurance industry median of 2.88. United Overseas Insurance's overall GF Score™ is 73/100 with 3 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 United Overseas Insurance (HAM:IZB), the current Return-on-Tangible-Asset is 7.40% 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 United Overseas Insurance (HAM:IZB) Overvalued in 2026?
Based on GuruFocus' analysis, United Overseas Insurance stock appears to be undervalued.
The current stock price of €5.60 is trading 2.3% below its estimated GF Value™ of €5.73.
Key valuation signals for HAM:IZB:
Return-on-Tangible-Asset: 7.40% (59% above median its 10-year median of 4.64)
GF Value™: €5.73 vs. price of €5.60 (2.3% below fair value)
Industry Position: 156.9% above the Insurance median (#129 of 505)
No single metric tells the full story. See the HAM:IZB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Overseas Insurance Ltd is a Singapore-based company engaged in the underwriting of general insurance business and reinsurance. The company's general insurance products cover a broad spectrum of classes of insurance, among which are fire, marine, motor, engineering, general accident, and liability business. The company's segments include Singapore Insurance Fund (SIF), which is for insurance business relating to Singapore policies, Offshore Insurance Fund (OIF), which is for insurance business relating to offshore policies, and Shareholders' Fund (SHF), which relates to the company's investment activities of its non-insurance funds. It derives key revenue from the SIF segment. The group has a business presence in Singapore, ASEAN countries, and other countries.
73GF Score
Get the complete analysis for HAM:IZB
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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