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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Aspen Insurance Holdings's annualized net income for the quarter that ended in Dec. 2025 was €461 Mil. Aspen Insurance Holdings's average shareholder tangible equity for the quarter that ended in Dec. 2025 was €3,011 Mil. Therefore, Aspen Insurance Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 15.31%.
The historical rank and industry rank for Aspen Insurance Holdings's Return-on-Tangible-Equity or its related term are showing as below:
FRA:8ZV'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.08 Med: 1.59 Max: 20.21
Current: 9.76
During the past 13 years, Aspen Insurance Holdings's highest Return-on-Tangible-Equity was 20.21%. The lowest was -9.08%. And the median was 1.59%.
FRA:8ZV's Return-on-Tangible-Equity is not ranked
in the Insurance industry.
Industry Median: 13.43
vs FRA:8ZV: 9.76
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Aspen Insurance Holdings Return-on-Tangible-Equity Related Terms
Aspen Insurance Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Aspen Insurance Holdings's Return-on-Tangible-Equity 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-Equity Comparison
For the Insurance - Property & Casualty subindustry, Aspen Insurance Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Aspen Insurance Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Aspen Insurance Holdings's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.31% mean?
Aspen Insurance Holdings (FRA:8ZV) has a Return-on-Tangible-Equity of 15.31% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aspen Insurance Holdings and its competitors. This is 863% above median its historical median of 1.59.
Is Aspen Insurance Holdings' Return-on-Tangible-Equity too high?
Aspen Insurance Holdings' current Return-on-Tangible-Equity of 15.31% is 863% above median its 10-year median of 1.59. The Insurance industry median Return-on-Tangible-Equity is 13.43. Aspen Insurance Holdings' value of 15.31% is 14% 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-Equity compare to CB and PGR?
Aspen Insurance Holdings' Return-on-Tangible-Equity of 15.31% can be compared against companies in the Insurance industry. The industry median Return-on-Tangible-Equity is 13.43. Aspen Insurance Holdings' value of 15.31% is 14% above this benchmark. While the company's 10-year median is 1.59 vs. the industry median of 13.43, 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-Equity for an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.43, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 15.31% is 14% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Aspen Insurance Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.43 — 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-Equity is 15.31%, which is 863% above median its own 10-year median of 1.59. 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-Equity of 15.31%. The current Return-on-Tangible-Equity is 15.31%, which is 863% above median its 10-year median of 1.59 and 14% above the Insurance industry median of 13.43. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Aspen Insurance Holdings (FRA:8ZV), the current Return-on-Tangible-Equity is 15.31% 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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