GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (XAMS:NN) » Definitions » Scaled Net Operating Assets

NN Group NV (XAMS:NN) Scaled Net Operating Assets : -0.41 (As of Dec. 2023)


View and export this data going back to 2014. Start your Free Trial

What is NN Group NV 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.

NN Group NV's operating assets for the quarter that ended in Dec. 2023 was €90,634 Mil. NN Group NV's operating liabilities for the quarter that ended in Dec. 2023 was €173,722 Mil. NN Group NV's Total Assets for the quarter that ended in Jun. 2023 was €204,987 Mil. Therefore, NN Group NV's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.41.

NN Group NV 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.

NN Group NV'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 )
=(200734-173722)/207024
=0.13

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=208941 - 8207
=200734

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=187822 - 14100 - 0
=173722

NN Group NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Jun. 2023 )
=(90634-173722)/204987
=-0.41

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=208941 - 118307
=90634

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=187822 - 14100 - 0
=173722

* 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.

NN Group NV Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of NN Group NV's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

NN Group NV (XAMS:NN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (XAMS:NN) » Definitions » Scaled Net Operating Assets
Comparable Companies
XAMS:AGN XAMS:ASRNL BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO XSWX:SLHN XTER:TLX LSE:AV. BSP:BBSE3 OCSE:TRYG EQH BOM:540716 ORI
Traded in Other Exchanges
NNGRY:USA NNGPF:USA NNa:UK 0QVV:UK 2NN:Germany NN:Austria
Address
Schenkkade 65, The Hague, ZH, NLD, 2595 AS
Website
https://www.nn-group.com
Nationale Nederlanden Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life; Netherlands nonlife; insurance Europe; and Japan life. The Netherlands life business is the biggest division of the company and tends to generate around three quarters of operating income. That business sells traditional spread-based long-term savings and the new style-defined contribution savings products. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined contribution products are managed by Goldman Sachs. Since around 2013, NN has managed its individual life insurance business as being closed to new business.