• Sompo Holdings average return on tangible equity for 2023 was 15.71, a 27.41% increase from 2022.
• Sompo Holdings average return on tangible equity for 2022 was 12.33, a 7.29% increase from 2021.
• Sompo Holdings average return on tangible equity for 2021 was 13.3, a 14.56% 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.