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Erie Indemnity Co (FRA:EI2) Scaled Net Operating Assets : 0.62 (As of Mar. 2024)


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What is Erie Indemnity Co 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.

Erie Indemnity Co's operating assets for the quarter that ended in Mar. 2024 was €2,160 Mil. Erie Indemnity Co's operating liabilities for the quarter that ended in Mar. 2024 was €763 Mil. Erie Indemnity Co's Total Assets for the quarter that ended in Dec. 2023 was €2,267 Mil. Therefore, Erie Indemnity Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.62.

Erie Indemnity Co 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.

Erie Indemnity Co'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 )
=(2146.194-741.971)/2114.046
=0.66

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2266.791 - 120.597
=2146.194

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=741.971 - 0 - 0
=741.971

Erie Indemnity Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(2159.755-763.245)/2266.791
=0.62

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2351.33 - 191.575
=2159.755

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=763.245 - 0 - 0
=763.245

* 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.

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Erie Indemnity Co (FRA:EI2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Erie Indemnity Co (FRA:EI2) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
ERIE:USA EI2:Germany
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Website
https://www.erieinsurance.com
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.