• Hannover Ruck SE average return on tangible equity for 2023 was 18.08, a 56.54% increase from 2022.
• Hannover Ruck SE average return on tangible equity for 2022 was 11.55, a 25% increase from 2021.
• Hannover Ruck SE average return on tangible equity for 2021 was 9.24, a 0.33% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.