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Safety Insurance Group (FRA:SFN) Scaled Net Operating Assets : 0.17 (As of Mar. 2024)


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What is Safety 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.

Safety Insurance Group's operating assets for the quarter that ended in Mar. 2024 was €1,465.3 Mil. Safety Insurance Group's operating liabilities for the quarter that ended in Mar. 2024 was €1,138.3 Mil. Safety Insurance Group's Total Assets for the quarter that ended in Dec. 2023 was €1,920.2 Mil. Therefore, Safety Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.17.

Safety 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.

Safety 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 )
=(1885.217-1137.063)/1862.105
=0.40

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1920.202 - 34.985
=1885.217

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1182.689 - 18.116 - 27.51
=1137.063

Safety Insurance Group'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 )
=(1465.288-1138.307)/1920.202
=0.17

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1925.964 - 460.676
=1465.288

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1183.459 - 17.552 - 27.6
=1138.307

* 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.

Safety Insurance Group Scaled Net Operating Assets Related Terms

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Safety Insurance Group (FRA:SFN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (FRA:SFN) » Definitions » Scaled Net Operating Assets
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LMND HCI HMN ROOT SKWD BOW HGTY PRA ACIC UFCS PGR CB TSE:8766 TRV ALL TSE:8725 HKSE:01339 HIG HKSE:02328 TSX:IFC
Traded in Other Exchanges
SAFT:USA
Address
20 Custom House Street, Boston, MA, USA, 02110
Website
http://www.safetyinsurance.com
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.