• Insmed average return on tangible equity for 2023 was 245.68, a 30.68% decline from 2022.
• Insmed average return on tangible equity for 2022 was 188, a 223.43% increase from 2021.
• Insmed average return on tangible equity for 2021 was -152.31, a 44.22% decline 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.