HVRRY (Hannover Rueck SE) Scaled Net Operating Assets: -0.62 (As of Mar. 2026)


HVRRY Hannover Rueck SE HVRRY
71 GF Score
Price $45.12
GF Value $60.39
Valuation Modestly Undervalued
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What is Hannover Rueck SE Scaled Net Operating Assets?

Hannover Rueck SE HVRRY +1.10% 71 Scaled Net Operating Assets is -0.62 as of Mar. 2026. GuruFocus rates HVRRY with a GF Score™ of 71/100 and a GF Value™ of $60.39 (Modestly Undervalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hannover Rueck SE's operating assets for the quarter that ended in Mar. 2026 was $15,623 Mil. Hannover Rueck SE's operating liabilities for the quarter that ended in Mar. 2026 was $67,703 Mil. Hannover Rueck SE's Total Assets for the quarter that ended in Dec. 2025 was $83,521 Mil. Therefore, Hannover Rueck SE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.62.

HVRRY
71GF Score
Hannover Rueck SE HVRRY
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hannover Rueck SE Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hannover Rueck SE's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(82289.929-62358.783)/75525.969
=0.26

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=83521.194 - 1231.265
=82289.929

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=67209.251 - 4850.468 - 0
=62358.783

Hannover Rueck SE's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(15623.006-67702.659)/83521.194
=-0.62

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=84897.341 - 69274.335
=15623.006

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=67702.659 - 0 - 0
=67702.659

* 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.

What does a Scaled Net Operating Assets of -0.62 mean?
Hannover Rueck SE (HVRRY) has a Scaled Net Operating Assets of -0.62 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hannover Rueck SE and its competitors.
Is Hannover Rueck SE's Scaled Net Operating Assets too high?
Hannover Rueck SE's current Scaled Net Operating Assets is -0.62. Overall, Hannover Rueck SE has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hannover Rueck SE's Scaled Net Operating Assets compare to RGA and EG?
Hannover Rueck SE's Scaled Net Operating Assets of -0.62 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hannover Rueck SE and its competitors. Hannover Rueck SE's current Scaled Net Operating Assets is -0.62. 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 (HVRRY) is currently considered Modestly Undervalued. The stock's GF Value™ is $60.39, compared to a current price of $45.12 — trading 25.3% below its estimated fair value. The current Scaled Net Operating Assets is -0.62. Hannover Rueck SE's overall GF Score™ is 71/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Hannover Rueck SE (HVRRY), the current Scaled Net Operating Assets is -0.62 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 (HVRRY) Overvalued in 2026?

Based on GuruFocus' analysis, Hannover Rueck SE stock appears to be undervalued. The current stock price of $45.12 is trading 25.3% below its estimated GF Value™ of $60.39. GuruFocus considers Hannover Rueck SE to be Modestly Undervalued.

Key valuation signals for HVRRY:

  • Scaled Net Operating Assets: -0.62
  • GF Value™: $60.39 vs. price of $45.12 (25.3% below fair value)
  • GF Score™: 71/100

No single metric tells the full story. See the HVRRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hannover Rueck SE Business Description

Address Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625
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.
71GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$45.12
Price
$60.39
GF Value