Jubilee Life Insurance Co (KAR:JLICL) Scaled Net Operating Assets : -0.07 (As of Mar. 2024)

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What is Jubilee Life Insurance 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.

Jubilee Life Insurance Co's operating assets for the quarter that ended in Mar. 2024 was ₨176,959 Mil. Jubilee Life Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ₨191,346 Mil. Jubilee Life Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was ₨205,490 Mil. Therefore, Jubilee Life Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.07.

Jubilee Life Insurance 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.

Jubilee Life Insurance 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 )
=	(201565.216	-	188793.161)	/	187852.632
=	0.07

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	205490.272	-	3925.056
=	201565.216

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	190137.21	-	855.431	-	488.618
=	188793.161

Jubilee Life Insurance 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 )
=	(176959.314	-	191345.832)	/	205490.272
=	-0.07

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	208475.837	-	31516.523
=	176959.314

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	192684.901	-	898.61	-	440.459
=	191345.832

* 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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Jubilee Life Insurance Co (KAR:JLICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jubilee Life Insurance Co Ltd (KAR:JLICL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

M.T. Khan Road, 74/1- A, Lalazar, Jubilee Life Insurance Building, Karachi, SD, PAK, 74000

Website

https://www.jubileelife.com

Jubilee Life Insurance Co Ltd is engaged in life insurance, carrying on non-participating business. It operates through seven segments, namely Individual Life Unit Linked, Conventional Business, Accident & Health Business, Overseas Group Life & Health Business, Individual Family Takafu, Group Family Takaful, and Accident & Health Family Takaful. The company generates the majority of its revenue from the Individual Life Unit Linked segment. Individual life contracts are mainly regular premium unit-linked policies, where policy value is determined as per the underlying assets' value.