• M�nchener R�ckversicherungs-Gesellschaft average return on tangible equity for 2023 was 16.41, a 6.49% increase from 2022.
• M�nchener R�ckversicherungs-Gesellschaft average return on tangible equity for 2022 was 15.41, a 10.23% increase from 2021.
• M�nchener R�ckversicherungs-Gesellschaft average return on tangible equity for 2021 was 13.98, a 27.44% 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.