Hannover Rueck SEHVRRF 76 Return-on-Tangible-Asset is 3.91% as of Mar. 2026, which is 111% above its 10-year median of 1.85. GuruFocus rates HVRRF with a GF Score™ of 76/100 and a GF Value™ of $350.15 (Modestly Undervalued). Among 508 Insurance companies, Hannover Rueck SE ranks better than 65.75% on this metric.
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. Hannover Rueck SE's annualizedNet Income for the quarter that ended in Mar. 2026 was $3,286 Mil. Hannover Rueck SE's average total tangible assets for the quarter that ended in Mar. 2026 was $84,049 Mil. Therefore, Hannover Rueck SE's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.91%.
The historical rank and industry rank for Hannover Rueck SE's Return-on-Tangible-Asset or its related term are showing as below:
HVRRF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.24 Med: 1.85 Max: 4.03
Current: 4.03
During the past 13 years, Hannover Rueck SE's highest Return-on-Tangible-Asset was 4.03%. The lowest was 1.24%. And the median was 1.85%.
HVRRF's Return-on-Tangible-Asset is ranked better than 65.75% of 508
companies
in the Insurance industry
Industry Median: 2.785
vs HVRRF: 4.03
Hannover Rueck SE (OTCPK:HVRRF) 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.
Hannover Rueck SE Return-on-Tangible-Asset Related Terms
Hannover Rueck SE Return-on-Tangible-Asset Historical Data
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The historical data trend for Hannover Rueck SE'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.
HVRRF vs RGA, EG, RNR: Return-on-Tangible-Asset Comparison
For the Insurance - Reinsurance subindustry, Hannover Rueck SE'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.
Hannover Rueck SE Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Hannover Rueck SE's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hannover Rueck SE'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 3.91% mean?
Hannover Rueck SE (HVRRF) has a Return-on-Tangible-Asset of 3.91% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hannover Rueck SE and its competitors. This is 111% above median its historical median of 1.85. Over the past decade, Hannover Rueck SE's Return-on-Tangible-Asset has ranged from 1.24 to 4.03. According to the industry distribution chart, Hannover Rueck SE ranks #174 out of 508 companies in the Insurance industry, placing it in the top 34.3%.
Is Hannover Rueck SE's Return-on-Tangible-Asset too high?
Hannover Rueck SE's current Return-on-Tangible-Asset of 3.91% is 111% above median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 4.03. The Insurance industry median Return-on-Tangible-Asset is 2.79. Hannover Rueck SE's value of 3.91% is 40.4% above this industry median. Based on the distribution chart, Hannover Rueck SE ranks #174 out of 508 companies in the Insurance industry, which is above the industry midpoint. Overall, Hannover Rueck SE has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hannover Rueck SE's Return-on-Tangible-Asset compare to RGA and EG?
According to the Insurance industry distribution chart, Hannover Rueck SE ranks #174 out of 508 companies for Return-on-Tangible-Asset. This puts Hannover Rueck SE in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.79. Hannover Rueck SE's value of 3.91% is 40.4% above this benchmark. Historically, Hannover Rueck SE's own Return-on-Tangible-Asset has ranged from 1.24 to 4.03 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 2.79, Hannover Rueck SE 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 2.79, based on 508 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. Hannover Rueck SE's current Return-on-Tangible-Asset of 3.91% is 40.4% 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 Hannover Rueck SE and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hannover Rueck SE's current Return-on-Tangible-Asset is 3.91%, which is 111% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hannover Rueck SE stock overvalued right now?
Based on GuruFocus' analysis, Hannover Rueck SE (HVRRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $350.15, compared to a current price of $274.90 — trading 21.5% below its estimated fair value. The current Return-on-Tangible-Asset is 3.91%, which is 111% above median its 10-year median of 1.85 and 40.4% above the Insurance industry median of 2.79. Hannover Rueck SE's overall GF Score™ is 76/100. 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 Hannover Rueck SE (HVRRF), the current Return-on-Tangible-Asset is 3.91% as of Mar. 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 Hannover Rueck SE (HVRRF) Overvalued in 2026?
Based on GuruFocus' analysis, Hannover Rueck SE stock appears to be undervalued.
The current stock price of $274.90 is trading 21.5% below its estimated GF Value™ of $350.15.
GuruFocus considers Hannover Rueck SE to be Modestly Undervalued.
Key valuation signals for HVRRF:
Return-on-Tangible-Asset: 3.91% (111% above median its 10-year median of 1.85)
GF Value™: $350.15 vs. price of $274.90 (21.5% below fair value)
Industry Position: 40.4% above the Insurance median (#174 of 508)
No single metric tells the full story. See the HVRRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftpflichtverband founded Eisen- und Stahl-Industrie to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftpflichtverband, and Aktiengesellschaft für Transport und- Rückversicherung was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx in January 2019. Hannover was listed in the 1990s on the Frankfurt Stock Exchange.
76GF Score
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