• Verisk Analytics average return on tangible equity for 2023 was -29.09, a 44.12% increase from 2022.
• Verisk Analytics average return on tangible equity for 2022 was -52.06, a 88.9% decline from 2021.
• Verisk Analytics average return on tangible equity for 2021 was -27.56, a 30.62% 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.