• Swiss Re average return on tangible equity for 2015 was 12.76, a 8.86% decline from 2014.
• Swiss Re average return on tangible equity for 2014 was 14, a 10.14% decline from 2013.
• Swiss Re average return on tangible equity for 2013 was 15.58, a 14.4% decline from 2012.

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.