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OneBeacon Insurance Group (OneBeacon Insurance Group) Net-Net Working Capital : $-26.92 (As of Jun. 2017)


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What is OneBeacon Insurance Group Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

OneBeacon Insurance Group's Net-Net Working Capital for the quarter that ended in Jun. 2017 was $-26.92.

The industry rank for OneBeacon Insurance Group's Net-Net Working Capital or its related term are showing as below:

OB's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 5.995
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

OneBeacon Insurance Group Net-Net Working Capital Historical Data

The historical data trend for OneBeacon Insurance Group's Net-Net Working Capital can be seen below:

* 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.

* Premium members only.

OneBeacon Insurance Group Net-Net Working Capital Chart

OneBeacon Insurance Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43.07 -39.62 -23.48 -25.39 -25.29

OneBeacon Insurance Group Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.99 -25.17 -25.29 -24.90 -26.92

Competitive Comparison of OneBeacon Insurance Group's Net-Net Working Capital

For the Insurance - Specialty subindustry, OneBeacon Insurance Group's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


OneBeacon Insurance Group's Price-to-Net-Net-Working-Capital Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, OneBeacon Insurance Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where OneBeacon Insurance Group's Price-to-Net-Net-Working-Capital falls into.



OneBeacon Insurance Group Net-Net Working Capital Calculation

OneBeacon Insurance Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

Net-Net Working Capital(A: Dec. 2016 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(69.6+112.1+0.75 * 1.4+0.5 * 0-2564.7
-0-3.9)/94.3475
=-25.29

OneBeacon Insurance Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2017 is calculated as

Net-Net Working Capital(Q: Jun. 2017 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(71.3+55.5+0.75 * 5.8+0.5 * 0-2681.6
-0--0.3)/94.7414
=-26.92

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


OneBeacon Insurance Group  (NYSE:OB) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


OneBeacon Insurance Group Net-Net Working Capital Related Terms

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OneBeacon Insurance Group (OneBeacon Insurance Group) Business Description

Traded in Other Exchanges
N/A
Address
OneBeacon Insurance Group Ltd is a specialty property and casualty insurance writer. It offers a wide range of insurance products primarily in the US market through independent agencies, regional and national brokers, wholesalers and managing general agencies. Business activity of the group is further divided in to various segments such as Specialty Products, Specialty Industries, and Investing, Financing and Corporate. Its geographical area of operation includes California, New York, Texas, District of Columbia, Florida and Other and derives most of the revenue through premium and investment income.
Executives
Kent D Urness director 1 BEACON LANE, CANTON MA 02021
John C Treacy officer: SVP & Chief Accounting Officer 601 CARLSON PARKWAY, SUITE 600, MINNETONKA MN 55305
T Michael Miller director, officer: President & CEO C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021
Paul H. Mcdonough officer: EVP & Chief Financial Officer ONE BEACON LANE, CANTON MA 02021
Morgan W Davis director 80 SOUTH MAIN STREET, HANOVER NH 03755
Lowndes Andrew Smith director C/O WHITE MOUNTIAN INSURANCE GROUP, 80 S MIAN ST, HANOVER NH 03755
Patrick A Thiele director PARTNERRE LTD, WELLESLEY HOUSE 90 PITTS BAY RD, PEMBROKE BERMUDA D0 HM 08
George Manning Rountree director C/O 80 SOUTH MAIN STREET, HANOVER NH 03755
Michael J Mcsally officer: SVP OneBeacon Insurance Co. 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Kevin James Rehnberg officer: SVP, OneBeacon Insurance Co. C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021
Barrette Raymond Joseph Rene director C/O WHITE MOUNTAINS INS, 80 S. MAIN ST, HANOVER NH 03755
Allan Lewis Waters director 14 WESLEY STREET, HAMILTON D0 HM11
Steven Elliot Fass director 10 DEPUTY MINISTER DR, COLTS NECK NJ 07722
Reid Tarlton Campbell director C/O WHITE MOUNTAINS INSURANCE GROUP, 80 SOUTH MAIN STREET, HANOVER NH 03755
David Thomas Foy director C/O WHITE MOUNTAINS INSURANCE GROUP LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755