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QBE Insurance Group (QBE Insurance Group) Scaled Net Operating Assets : 0.29 (As of Dec. 2023)


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What is QBE Insurance Group Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

QBE Insurance Group's operating assets for the quarter that ended in Dec. 2023 was $40,742 Mil. QBE Insurance Group's operating liabilities for the quarter that ended in Dec. 2023 was $29,068 Mil. QBE Insurance Group's Total Assets for the quarter that ended in Jun. 2023 was $40,546 Mil. Therefore, QBE Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.29.

QBE Insurance Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

QBE Insurance Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(40742-29068)/49502
=0.24

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=42108 - 1366
=40742

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32155 - 3087 - 0
=29068

QBE Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Jun. 2023 )
=(40742-29068)/40546
=0.29

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=42108 - 1366
=40742

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=32155 - 3087 - 0
=29068

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

QBE Insurance Group Scaled Net Operating Assets Related Terms

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QBE Insurance Group (QBE Insurance Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » QBE Insurance Group Ltd (OTCPK:QBIEY) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
QBEIF:USA QBE:Germany QBE:Australia
Address
388 George Street, Level 18, Sydney, NSW, AUS, 2000
Website
https://www.qbe.com
QBE Insurance is an international property and casualty insurance company. It writes around 20% of its annual gross written premiums in its home region of Australia and New Zealand. Other key regions include North America and Europe. QBE Insurance offers a number of personal, commercial, and specialty lines, including property, auto insurance, agriculture, public/product liability, professional indemnity, workers compensation, marine, energy and aviation, and accident and health.