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Selective Insurance Group (FRA:SV2) Scaled Net Operating Assets : 0.23 (As of Mar. 2024)


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What is Selective 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.

Selective Insurance Group's operating assets for the quarter that ended in Mar. 2024 was €10,328 Mil. Selective Insurance Group's operating liabilities for the quarter that ended in Mar. 2024 was €7,863 Mil. Selective Insurance Group's Total Assets for the quarter that ended in Dec. 2023 was €10,823 Mil. Therefore, Selective Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.23.

Selective 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.

Selective 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 )
=(10822.77-7651.649)/10197.334
=0.31

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=10822.935 - 0.165
=10822.77

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8113.767 - 462.118 - 0
=7651.649

Selective 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 )
=(10327.87-7862.61)/10822.935
=0.23

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11091.626 - 763.756
=10327.87

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=8325.651 - 463.041 - 0
=7862.61

* 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.

Selective Insurance Group Scaled Net Operating Assets Related Terms

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Selective Insurance Group (FRA:SV2) Business Description

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Address
40 Wantage Avenue, Branchville, NJ, USA, 07890
Website
https://www.selective.com
Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.