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. Allianz SE's annualized net income for the quarter that ended in Dec. 2023 was $9,383 Mil. Allianz SE's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $41,688 Mil. Therefore, Allianz SE's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 22.51%.
The historical rank and industry rank for Allianz SE's Return-on-Tangible-Equity or its related term are showing as below:
ALIZF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.94 Med: 14.25 Max: 22.84
Current: 22.84
During the past 13 years, Allianz SE's highest Return-on-Tangible-Equity was 22.84%. The lowest was 10.94%. And the median was 14.25%.
ALIZF's Return-on-Tangible-Equity is ranked better than 77.2% of 478
companies
in the Insurance industry
Industry Median: 11.77
vs ALIZF: 22.84
Allianz SE Return-on-Tangible-Equity Historical Data
The historical data trend for Allianz 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.
Competitive Comparison of Allianz SE's Return-on-Tangible-Equity
For the Insurance - Diversified subindustry, Allianz 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.
Allianz SE's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Allianz SE's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Allianz SE's Return-on-Tangible-Equity falls into.
Allianz SE Return-on-Tangible-Equity Calculation
Allianz SE's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Allianz SE (OTCPK:ALIZF) 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.
Allianz SE Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Allianz SE's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Allianz was founded as a transport and accident insurance firm in 1890 by Carl Thieme and Wilhelm Finck, the founders of Munich Re. It took the company 5 years to expand the business into Europe and North America and subsequently listed in Berlin. After the First World War, individuals became confronted with the loss of wealth, life, and security and Allianz founded a life business in the 1920s. In the years after the Second World War, Allianz's foreign assets were seized and it lost its foreign business. By relocating its head office from Berlin to Munich in 1948, Allianz began the long road of rebuilding its domestic business. It took almost 20 years for Allianz to reacquire its prior foreign interests, starting in Austria. It became the largest European insurer in the postwar boom era.
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