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Scottish Re Group (Scottish Re Group) Scaled Net Operating Assets : -0.02 (As of Jun. 2011)


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What is Scottish Re 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.

Scottish Re Group's operating assets for the quarter that ended in Jun. 2011 was $3,925.98 Mil. Scottish Re Group's operating liabilities for the quarter that ended in Jun. 2011 was $4,040.93 Mil. Scottish Re Group's Total Assets for the quarter that ended in Mar. 2011 was $5,216.43 Mil. Therefore, Scottish Re Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2011 was -0.02.

Scottish Re 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.

Scottish Re Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2010 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2010 )
=(Operating Assets (A: Dec. 2010 )-Operating Liabilities (A: Dec. 2010 ))/Total Assets (A: Dec. 2009 )
=(4823.448-4972.226)/5293.484
=-0.03

where

Operating Assets(A: Dec. 2010 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5241.17 - 417.722
=4823.448

Operating Liabilities(A: Dec. 2010 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5101.726 - 129.5 - 0
=4972.226

Scottish Re Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2011 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2011 )
=(Operating Assets (Q: Jun. 2011 )-Operating Liabilities (Q: Jun. 2011 ))/Total Assets (Q: Mar. 2011 )
=(3925.983-4040.927)/5216.434
=-0.02

where

Operating Assets(Q: Jun. 2011 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4151.302 - 225.319
=3925.983

Operating Liabilities(Q: Jun. 2011 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4170.427 - 129.5 - 0
=4040.927

* 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.

Scottish Re Group Scaled Net Operating Assets Related Terms

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Scottish Re Group (Scottish Re Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Scottish Re Group Ltd (OTCPK:SKRUF.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
EMGC IHRC GWGH UTGN AAME HNRDF TIPT IHC CIA KCLI CSNRF NWLI DLLLY FFG FGL DCYHF AEL PRI CNO STJPF
Traded in Other Exchanges
N/A
Address
Crown House, First Floor, 4 Par-la-Ville Road, Hamilton, BMU, HM 08
Website
http://www.scottishre.com
Scottish Re Group is engaged in the reinsurance of life insurance, annuities and annuity-type products. It accepts part of the risk of insurance policies for a portion of the income earned by the policies. The company uses its headquarters in the tax-friendly Cayman Islands to provide wealth management and estate planning services to high net worth clients. It has operations in Bermuda, the Cayman Islands, Ireland, the United Kingdom, and the United States.
Executives
Richard M Rieder 10 percent owner 55 EAST 52ND STREET, NEW YORK NY 10055
Lehman Brothers Holdings Inc 10 percent owner 1271 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Seth Gardner director CERBERUS CAPITAL MANAGEMENT, L.P., 299 PARK AVENUE, NEW YORK NY 10171
George Robert Zippel director, officer: President & CEO 700 MAIN STREET, LYNCHBURG VA 24505
Terry Eleftheriou officer: CFO 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Jeffrey Hughes director 811 HANSEN WAY, PALO ALTO CA 94303
Lenard Tessler director C/O ALBERTSONS COMPANIES, INC., 250 E. PARKCENTER BLVD., BOISE ID 83706
Robert Eugene Joyal director 352 WARDNER ROAD, WEST WINDSOR VT 05089
James N Chapman director 14 ALPINE ROAD, GREENWICH CT 06830
Thomas M Finke director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Michael Thomas Rollings director 1295 STATE STREET, SPRINGFIELD MA 01111
Larry Port director 230 PARK AVENUE, NEW YORK NY 10169
Stephen Feinberg 10 percent owner 875 THIRD AVENUE, 11TH FLOOR, NEW YORK NY 10022
Massachusetts Mutual Life Insurance Co 10 percent owner 1295 STATE STREET, SPRINGFIELD MA 01111
Glenn S Schafer director 151 DETROIT STREET, DENVER CO 80206