HANN.RUECKV.SE ADR 1/2/ON (HNRB) - Net Assets
Based on the latest financial reports, HANN.RUECKV.SE ADR 1/2/ON (HNRB) has net assets worth €13.93 Billion EUR (≈ $16.29 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€71.33 Billion ≈ $83.39 Billion USD) and total liabilities (€57.40 Billion ≈ $67.10 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore HANN.RUECKV.SE ADR 1/2/ON (HNRB) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.93 Billion |
| % of Total Assets | 19.53% |
| Annual Growth Rate | 5.96% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 9.64 |
HANN.RUECKV.SE ADR 1/2/ON - Net Assets Trend (2021–2025)
This chart illustrates how HANN.RUECKV.SE ADR 1/2/ON's net assets have evolved over time, based on quarterly financial data. Explore investment intensity of HANN.RUECKV.SE ADR 1/2/ON to see how much of total assets are deployed in long-term investments.
Annual Net Assets for HANN.RUECKV.SE ADR 1/2/ON (2021–2025)
The table below shows the annual net assets of HANN.RUECKV.SE ADR 1/2/ON from 2021 to 2025. For live valuation and market cap data, see HANN.RUECKV.SE ADR 1/2/ON (HNRB) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €13.93 Billion ≈ $16.29 Billion |
+9.79% |
| 2024-12-31 | €12.69 Billion ≈ $14.83 Billion |
+15.14% |
| 2023-12-31 | €11.02 Billion ≈ $12.88 Billion |
+10.67% |
| 2022-12-31 | €9.96 Billion ≈ $11.64 Billion |
-9.88% |
| 2021-12-31 | €11.05 Billion ≈ $12.92 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to HANN.RUECKV.SE ADR 1/2/ON's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 60.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €12.70 Billion | 98.23% |
| Other Components | €228.30 Million | 1.77% |
| Total Equity | €12.93 Billion | 100.00% |
HANN.RUECKV.SE ADR 1/2/ON Competitors by Market Cap
The table below lists competitors of HANN.RUECKV.SE ADR 1/2/ON ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Inovance Tech
SHE:300124
|
$30.94 Billion |
|
M&T Bank Corporation
NYSE:MTB
|
$31.07 Billion |
|
ANGLO AMERICAN SP.ADR 1/2
F:NGLD
|
$31.21 Billion |
|
Fresnillo plc
F:FNL
|
$31.21 Billion |
|
Gold Fields Ltd
JSE:GFI
|
$30.90 Billion |
|
Coal India Limited
NSE:COALINDIA
|
$30.86 Billion |
|
ADYEN NV UNSP.ADR/001
F:1N8U
|
$30.86 Billion |
|
VICI Properties Inc
NYSE:VICI
|
$30.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HANN.RUECKV.SE ADR 1/2/ON's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,794,500,000 to 12,928,700,000, a change of 1,134,200,000 (9.6%).
- Net income of 2,641,500,000 contributed positively to equity growth.
- Dividend payments of 1,121,500,000 reduced retained earnings.
- Other factors decreased equity by 385,800,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.64 Billion | +20.43% |
| Dividends Paid | €1.12 Billion | -8.67% |
| Other Changes | €-385.80 Million | -2.98% |
| Total Change | €- | 9.62% |
Book Value vs Market Value Analysis
This analysis compares HANN.RUECKV.SE ADR 1/2/ON's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.42x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.54x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €83.73 | €45.40 | x |
| 2022-12-31 | €75.12 | €45.40 | x |
| 2023-12-31 | €83.97 | €45.40 | x |
| 2024-12-31 | €97.80 | €45.40 | x |
| 2025-12-31 | €107.21 | €45.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HANN.RUECKV.SE ADR 1/2/ON utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.00%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 5.52x
- Recent ROE (20.43%) is above the historical average (15.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 12.19% | 4.71% | 0.42x | 6.19x | €221.60 Million |
| 2022 | 8.62% | 3.52% | 0.35x | 6.95x | €-125.17 Million |
| 2023 | 18.02% | 8.30% | 0.33x | 6.48x | €812.12 Million |
| 2024 | 19.74% | 9.74% | 0.33x | 6.12x | €1.15 Billion |
| 2025 | 20.43% | 11.00% | 0.34x | 5.52x | €1.35 Billion |
Industry Comparison
This section compares HANN.RUECKV.SE ADR 1/2/ON's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $18,992,249,667
- Average return on equity (ROE) among peers: 4.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HANN.RUECKV.SE ADR 1/2/ON (HNRB) | €13.93 Billion | 12.19% | 4.12x | $30.91 Billion |
| SIRIUSPOINT LTD. DL-10 (3XPA) | $2.50 Billion | 2.32% | 3.24x | $2.32 Billion |
| Maiden Holdings Ltd (4OWA) | $527.82 Million | 7.91% | 4.59x | $99.64 Million |
| China Reinsurance (Group) Corporation (C53) | $94.67 Billion | 1.98% | 4.50x | $966.75 Million |
| COMSTOCK HLDG-A (CHO) | $988.20 Million | -4.25% | 0.14x | $738.28 Million |
| GREENLIGHT CAP.RE A DL-01 (G8L) | $503.12 Million | 5.04% | 2.14x | $500.81 Million |
| Hannover Rück SE (HNR1) | $8.78 Billion | 13.11% | 6.20x | $28.80 Billion |
| Münchener Rück AG (MUV2) | $20.20 Billion | 9.34% | 9.61x | $70.09 Billion |
| MUENCH.RUECK.UNS.ADR 1/10 (MUVB) | $32.90 Billion | 17.34% | 7.71x | $70.34 Billion |
| RenaissanceRe Holdings Ltd (RRJ) | $9.86 Billion | -10.76% | 2.71x | $10.73 Billion |
About HANN.RUECKV.SE ADR 1/2/ON
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments. The company provides property and casualty reinsurance solutions for agricultural, livestock, and bl… Read more