Sunday, 8 November 2026 Weekly snapshot · Not investment advice standard-equity.report
Insurance
Book Value per Share Growth
Year-on-year growth in book value per share.
Definition
The change in common equity per diluted share against a year earlier. Insurers compound owners' capital by retaining underwriting and investment profit.
Formula
((BVPS − BVPS a year ago) ÷ |BVPS a year ago|) × 100
Why it matters
Book value is the base an insurer is valued on, so its growth, net of dividends and buybacks, is the plainest measure of value creation.
How Standard Equity uses it
Substituted for ROIC in insurer reports, where invested capital is not meaningful because policyholder float funds the assets. Investment holding companies get it too (Book grth), for the same reason: their stakes are the business, not invested capital. For a fair-value investment entity it is net asset value per share growth.
The metric
| Category | Insurance |
|---|---|
| Unit | % |
| Applies to | Insurance, Holding companies only |