Reinsurance Group of America (RGA)
Reinsurance Group of America Tangible Common Equity Ratio: 18.37%
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RGA Tangible Common Equity Ratio Rankings
| Overall | 67th percentile | 1440 of 4390 |
| Sector | 39th percentile | 530 of 872 in Financial |
| Industry | 25th percentile | 20 of 27 in Life Insurance |
RGA Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 11.43% | Mar 2009 |
| Maximum | 18.39% | Dec 2011 |
| Average | 15.35% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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RGA News
May 08, 12:29AM Benzinga
May 01, 3:14PM Seeking Alpha
about 31 days ago by earningscast
Apr 20, 3:00PM Benzinga
Apr 20, 2:59PM Marketwire
about 56 days ago by MarketBrief
Apr 02, 5:00PM Business Wire
about 79 days ago by Trade4Me
Mar 13, 3:26PM Street Insider
about 80 days ago by Trade4Me
about 92 days ago by hertcapital
about 92 days ago by StockTiger
Feb 01, 11:19AM Street Insider
Jan 31, 3:10PM Seeking Alpha
about 122 days ago by earningscast
Jan 30, 5:04PM Street Insider
Jan 03, 5:00PM Business Wire
about 174 days ago by MarketBrief
about 176 days ago by MarketBrief
about 177 days ago by MarketBrief
about 178 days ago by MarketBrief
about 179 days ago by MarketBrief
about 182 days ago by MarketBrief
about 183 days ago by MarketBrief
about 311 days ago by DynamicDividend
about 632 days ago by themeatbaron
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RGA | 50.17 | -0.06 | -0.12% | 3.686B |
| RFV | 32.45 | -0.03 | -0.11% | |
| RFMI | 1.761 | +0.00 | +0.08% | 19.32M |
| RFMD | 3.77 | +0.06 | +1.62% | 1.025B |
| RFIL | 3.42 | -0.09 | -2.57% | 24.08M |
| RFI | 12.92 | +0.07 | +0.54% | |
| RFG | 84.24 | -0.50 | -0.59% | |
| RF | 6.29 | +0.09 | +1.45% | 8.758B |
| REZ | 46.20 | +0.46 | +1.01% | |
| REXX | 10.06 | -0.09 | -0.89% | 536.94M |