National General Holdings (National General Holdings) Scaled Net Operating Assets : -0.14 (As of Dec. 2020)

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What is National General Holdings 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.

National General Holdings's operating assets for the quarter that ended in Dec. 2020 was $4,776.91 Mil. National General Holdings's operating liabilities for the quarter that ended in Dec. 2020 was $6,235.09 Mil. National General Holdings's Total Assets for the quarter that ended in Sep. 2020 was $10,224.26 Mil. Therefore, National General Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was -0.14.

National General Holdings 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.

National General Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2020 )
=	(Operating Assets (A: Dec. 2020 )	-	Operating Liabilities (A: Dec. 2020 ))	/	Total Assets (A: Dec. 2019 )
=	(9465.122	-	6235.086)	/	9756.534
=	0.33

where

	Operating Assets		(A: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	10127.894	-	662.772
=	9465.122

	Operating Liabilities		(A: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6911.896	-	536.81	-	140
=	6235.086

National General Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2020 )
=	(Operating Assets (Q: Dec. 2020 )	-	Operating Liabilities (Q: Dec. 2020 ))	/	Total Assets (Q: Sep. 2020 )
=	(4776.906	-	6235.086)	/	10224.256
=	-0.14

where

	Operating Assets		(Q: Dec. 2020 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	10127.894	-	5350.988
=	4776.906

	Operating Liabilities		(Q: Dec. 2020 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6911.896	-	536.81	-	140
=	6235.086

* 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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National General Holdings (National General Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National General Holdings Corp (OTCPK:NTTNP.PFD) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Maiden Lane, 38th Floor, New York, NY, USA, 10038

Website

http://www.nationalgeneral.com

National General Holdings Corp is a specialty personal lines insurance holding company. It provides a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health and other niche insurance products. The company sells insurance products with a focus on underwriting profitability through a combination of its customized and predictive analytics and its technology is driven low-cost infrastructure. The company manages its business through two segments, the Property and Casualty segment and Accident and Health segment.