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FedNat Holding Co (FedNat Holding Co) Scaled Net Operating Assets : -0.16 (As of Mar. 2022)


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What is FedNat Holding 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.

FedNat Holding Co's operating assets for the quarter that ended in Mar. 2022 was $844.4 Mil. FedNat Holding Co's operating liabilities for the quarter that ended in Mar. 2022 was $1,068.9 Mil. FedNat Holding Co's Total Assets for the quarter that ended in Dec. 2021 was $1,412.7 Mil. Therefore, FedNat Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2022 was -0.16.

FedNat Holding 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.

FedNat Holding Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2021 )
=(Operating Assets (A: Dec. 2021 )-Operating Liabilities (A: Dec. 2021 ))/Total Assets (A: Dec. 2020 )
=(1329.144-1234.479)/1428.537
=0.07

where

Operating Assets(A: Dec. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1412.67 - 83.526
=1329.144

Operating Liabilities(A: Dec. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1353.284 - 118.805 - 0
=1234.479

FedNat Holding Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2022 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2022 )
=(Operating Assets (Q: Mar. 2022 )-Operating Liabilities (Q: Mar. 2022 ))/Total Assets (Q: Dec. 2021 )
=(844.386-1068.916)/1412.67
=-0.16

where

Operating Assets(Q: Mar. 2022 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1201.961 - 357.575
=844.386

Operating Liabilities(Q: Mar. 2022 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1187.822 - 118.906 - 0
=1068.916

* 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.

FedNat Holding Co Scaled Net Operating Assets Related Terms

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FedNat Holding Co (FedNat Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » FedNat Holding Co (OTCPK:FNHCQ) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
14050 N.W. 14th Street, Suite 180, Sunrise, FL, USA, 33323
Website
https://www.fednat.com
FedNat Holding Co is a provider of property and liability insurance products in the United States. It offers underwriting services to homeowner's multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance. The company markets and distributes its own and third-party insurers' products, and other services through a network of independent and general agents. The segments of the company are Homeowners, Automobile and Other, of which a majority of the revenue is derived from the Homeowners segment. The Homeowners line of business consists of the homeowners and fire property and casualty insurance business.
Executives
David K. Patterson director 14050 N.W. 14TH STREET, SUITE 180, SUNRISE FL 33323
Roberta Nell Young director 23043 SUNFIELD DRIVE, BOCA RATON FL 33433
David W Michelson director 111 CONGRESSIONAL BLVD., SUITE 500, CARMEL IN 46032
Ronald Arthur Jordan officer: Chief Financial Officer 5817 CRUTCHFIELD FARM RD, OAK RIDGE NC 27310
Erick Anthony Fernandez officer: CAO 1537 MANTUA AVENUE, CORAL GABLES FL 33146
Thomas Alexander Rogers director 466 ROLLING ROAD, ROSEMONT PA 19010
Patrick Mccahill officer: Chief Operating Officer 14050 NW 14TH STREET, SUITE 180, SUNRISE FL 33323
Michael H Braun director, officer: Chief Executive Officer & Pres 14050 NW 14 STREET, SUITE 180, SUNRISE FL 33323
Bruce Simberg director, other: Chairman of the Board 3440 HOLLYWOOD BLVD 2ND FL, HOLLYWOOD FL 33021
Wilcox Richard W Jr director 7220 SW 6 STREET, PLANTATION FL 33317
Jenifer G Kimbrough director 14050 NW 14 STREET, SUITE 180, SUNRISE FL 33323
William Gorman Stewart director 4024 STEWART ROAD, BOX 159, STEVENSON MD 21153
Hale Partnership Fund, L.p. 10 percent owner 3335 PARK SOUTH STATION BLVD., CHARLOTTE NC 28210
Hale Steven A Ii 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210
Hale Partnership Capital Management, Llc 10 percent owner 5960 FAIRVIEW ROAD, SUITE 432, CHARLOTTE NC 28210