Glossary

Rating

A rating is an evaluation on a scale of the creditworthiness of a debtor (countries, companies, etc.) often carried out by a specialised rating agency. Also see Standard & Poor's.

Reinsurance

Reinsurance is when an insurance company insures a portion of its risk with another insurance company.

Retained Earnings

Retained earnings are the profits generated by the company that have not been distributed as dividends.

Return on equity

Profit before taxes divided by average shareholders’ equity (less revaluation reserve), calculated using values at the beginning and end of the year.

Return on Equity

Verhältnis von Ergebnis vor Steuern zu durchschnittlichem Eigenkapital (abzüglich Neubewertungsrücklage) aus dem Stand am Jahresanfang und Jahresende.

RoE

Profit before taxes divided by average shareholders’ equity (less revaluation reserve), calculated using values at the beginning and end of the year.