Hannover Rueck SEHVRRF +1.81%76 Return-on-Tangible-Equity is 21.30% as of Mar. 2026, which is 62% above its 10-year median of 13.16. GuruFocus rates HVRRF with a GF Score™ of 76/100 and a GF Value™ of $350.25 (Modestly Undervalued). Among 502 Insurance companies, Hannover Rueck SE ranks better than 74.3% on this metric.
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. Hannover Rueck SE's annualized net income for the quarter that ended in Mar. 2026 was $3,286 Mil. Hannover Rueck SE's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $15,425 Mil. Therefore, Hannover Rueck SE's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.30%.
The historical rank and industry rank for Hannover Rueck SE's Return-on-Tangible-Equity or its related term are showing as below:
HVRRF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.28 Med: 13.16 Max: 23.36
Current: 23.36
During the past 13 years, Hannover Rueck SE's highest Return-on-Tangible-Equity was 23.36%. The lowest was 8.28%. And the median was 13.16%.
HVRRF's Return-on-Tangible-Equity is ranked better than 74.3% of 502
companies
in the Insurance industry
Industry Median: 13.515
vs HVRRF: 23.36
Hannover Rueck SE (OTCPK:HVRRF) Return-on-Tangible-Equity Explanation
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.
Hannover Rueck SE Return-on-Tangible-Equity Related Terms
Hannover Rueck SE Return-on-Tangible-Equity Historical Data
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The historical data trend for Hannover Rueck SE'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.
HVRRF vs RGA, EG, RNR: Return-on-Tangible-Equity Comparison
For the Insurance - Reinsurance subindustry, Hannover Rueck SE'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.
Hannover Rueck SE Return-on-Tangible-Equity vs Insurance Industry
For the Insurance industry and Financial Services sector, Hannover Rueck SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hannover Rueck SE'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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.30% mean?
Hannover Rueck SE (HVRRF) has a Return-on-Tangible-Equity of 21.30% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hannover Rueck SE and its competitors. This is 62% above median its historical median of 13.16. Over the past decade, Hannover Rueck SE's Return-on-Tangible-Equity has ranged from 8.28 to 23.36. According to the industry distribution chart, Hannover Rueck SE ranks #129 out of 502 companies in the Insurance industry, placing it in the top 25.7%.
Is Hannover Rueck SE's Return-on-Tangible-Equity too high?
Hannover Rueck SE's current Return-on-Tangible-Equity of 21.30% is 62% above median its 10-year median of 13.16. Over the past 10 years, this metric has ranged from a low of 8.28 to a high of 23.36. The Insurance industry median Return-on-Tangible-Equity is 13.52. Hannover Rueck SE's value of 21.30% is 57.6% above this industry median. Based on the distribution chart, Hannover Rueck SE ranks #129 out of 502 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-Equity compare to RGA and EG?
According to the Insurance industry distribution chart, Hannover Rueck SE ranks #129 out of 502 companies for Return-on-Tangible-Equity. This puts Hannover Rueck SE in the upper half of its industry. The industry median Return-on-Tangible-Equity is 13.52. Hannover Rueck SE's value of 21.30% is 57.6% above this benchmark. Historically, Hannover Rueck SE's own Return-on-Tangible-Equity has ranged from 8.28 to 23.36 over the past decade. While the company's 10-year median is 13.16 vs. the industry median of 13.52, 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-Equity for an Insurance company?
The median Return-on-Tangible-Equity among Insurance companies is 13.52, based on 502 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. Hannover Rueck SE's current Return-on-Tangible-Equity of 21.30% is 57.6% 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 Hannover Rueck SE and its competitors. For the Insurance industry, the median Return-on-Tangible-Equity is 13.52 — 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-Equity is 21.30%, which is 62% above median its own 10-year median of 13.16. 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 $350.25, compared to a current price of $274.90 — trading 21.5% below its estimated fair value. The current Return-on-Tangible-Equity is 21.30%, which is 62% above median its 10-year median of 13.16 and 57.6% above the Insurance industry median of 13.52. 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Hannover Rueck SE (HVRRF), the current Return-on-Tangible-Equity is 21.30% 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 $350.25.
GuruFocus considers Hannover Rueck SE to be Modestly Undervalued.
Key valuation signals for HVRRF:
Return-on-Tangible-Equity: 21.30% (62% above median its 10-year median of 13.16)
GF Value™: $350.25 vs. price of $274.90 (21.5% below fair value)
Industry Position: 57.6% above the Insurance median (#129 of 502)
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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