Korean Reinsurance Co (XKRX:003690) Scaled Net Operating Assets : 0.26 (As of Mar. 2024)

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What is Korean Reinsurance 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.

Korean Reinsurance Co's operating assets for the quarter that ended in Mar. 2024 was ₩11,909,631 Mil. Korean Reinsurance Co's operating liabilities for the quarter that ended in Mar. 2024 was ₩8,742,470 Mil. Korean Reinsurance Co's Total Assets for the quarter that ended in Dec. 2023 was ₩12,066,324 Mil. Therefore, Korean Reinsurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.26.

Korean Reinsurance 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.

Korean Reinsurance 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 )
=	(11178645.372	-	8813428.442)	/	11017223.863
=	0.21

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	12066324.171	-	887678.799
=	11178645.372

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8813428.442	-	0	-	0
=	8813428.442

Korean Reinsurance 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 )
=	(11909631.424	-	8742469.792)	/	12066324.171
=	0.26

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	11909631.424	-	0
=	11909631.424

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8742469.792	-	0	-	0
=	8742469.792

* 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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Korean Reinsurance Co (XKRX:003690) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

68 Jongno 5 Gil, Jongno-gu, Seoul, KOR, 03151

Website

http://www.koreanre.co.kr

Korean Reinsurance Co is a South Korean reinsurer that provides clients with reinsurance services and risk-management solutions. The company provides nonlife and life reinsurance products that include fire insurance, marine and aviation insurance, comprehensive and engineering reinsurance, motor insurance, guaranteed insurance, foreign casualty insurance, long-term insurance, international reinsurance solutions, life insurance, and health insurance. The company derives over half of its income from Asian regions including China, Japan, Hong Kong, and Taiwan. Korean Re also has operations in the Middle East, Africa, Europe, and the Americas.