Donegal Group (Donegal Group) Scaled Net Operating Assets : 0.07 (As of Dec. 2023)

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What is Donegal 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.

Donegal Group's operating assets for the quarter that ended in Dec. 2023 was $1,905.8 Mil. Donegal Group's operating liabilities for the quarter that ended in Dec. 2023 was $1,751.5 Mil. Donegal Group's Total Assets for the quarter that ended in Sep. 2023 was $2,260.3 Mil. Therefore, Donegal Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.07.

Donegal 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.

Donegal 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 )
=	(2242.502	-	1751.549)	/	2243.349
=	0.22

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2266.294	-	23.792
=	2242.502

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1786.549	-	0	-	35
=	1751.549

Donegal Group'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: Sep. 2023 )
=	(1905.792	-	1751.549)	/	2260.277
=	0.07

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2266.294	-	360.502
=	1905.792

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1786.549	-	0	-	35
=	1751.549

* 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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Donegal Group (Donegal Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Donegal Group Inc (NAS:DGICB) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

DGICA:USA

Address

1195 River Road, P.O. Box 302, Marietta, PA, USA, 17547-0302

Website

https://www.donegalgroup.com

Donegal Group Inc is an insurance holding company that offers personal and commercial lines of property and casualty insurance to businesses and individuals. The company's reportable segments are its Investment function, Personal lines of insurance, Commercial lines of insurance. Personal lines products consist primarily of homeowners and private passenger automobile policies. The Commercial lines products of its insurance subsidiaries consist primarily of commercial automobile, commercial multi-peril, and workers' compensation policies. The group primarily operates in the United States.