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United Fire Group (United Fire Group) Scaled Net Operating Assets : 0.05 (As of Mar. 2024)


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What is United Fire 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.

United Fire Group's operating assets for the quarter that ended in Mar. 2024 was $2,620 Mil. United Fire Group's operating liabilities for the quarter that ended in Mar. 2024 was $2,458 Mil. United Fire Group's Total Assets for the quarter that ended in Dec. 2023 was $3,144 Mil. Therefore, United Fire Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.05.

United Fire 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.

United Fire Group'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 )
=(3042.144-2360.445)/2882.286
=0.24

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3144.19 - 102.046
=3042.144

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2410.445 - 50 - 0
=2360.445

United Fire Group'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 )
=(2620.094-2457.869)/3144.19
=0.05

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3244.635 - 624.541
=2620.094

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2507.869 - 50 - 0
=2457.869

* 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.

United Fire Group Scaled Net Operating Assets Related Terms

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United Fire Group (United Fire Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Fire Group Inc (NAS:UFCS) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
118 Second Avenue SE, Cedar Rapids, IA, USA, 52401
Website
https://www.ufginsurance.com
United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premiums and investment income.
Executives
Robert Francis Cataldo officer: VP & Strategy Officer 118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Micah G Woolstenhulme officer: VP 118 2ND AVE SE, CEDAR RAPIDS IA 52401
George D Milligan director 118 2ND AVE SE, CEDAR RAPIDS IA 52401
Christopher R Drahozal director 2001 RIVIERA COURT, LAWRENCE KS 66047-1999
Julie A Stephenson officer: Executive VP & COO 118 2ND AVE SE, CEDAR RAPIDS IA 52401
Eric J Martin officer: Chief Financial Officer 118 SECOND AVE SE, CEDAR RAPIDS IA 52407
Mark A. Green director 200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Kevin James Leidwinger director, officer: Director, CEO 151 N. FRANKLIN, CHICAGO IL 60606
Sarah E Madsen officer: Chief Legal Officer 118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Jeremy Bahl officer: VP & Chief UW Officer 118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Kyle D. Skogman director 411 FIRST AVENUE SE, CEDAR RAPIDS IA 52401
Lura E Mcbride director 118 2ND AVE SE, CEDAR RAPIDS IA 52401
Mary K. Quass director 2875 MT. VERNON RD SE, CEDAR RAPIDS IA 52403
James Noyce director 5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Matthew R Foran director 118 2ND AVE SE, CEDAR RAPIDS IA 52401