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Independence Holding Co (Independence Holding Co) Scaled Net Operating Assets : 0.43 (As of Sep. 2021)


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What is Independence 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.

Independence Holding Co's operating assets for the quarter that ended in Sep. 2021 was $1,168.6 Mil. Independence Holding Co's operating liabilities for the quarter that ended in Sep. 2021 was $641.1 Mil. Independence Holding Co's Total Assets for the quarter that ended in Jun. 2021 was $1,217.2 Mil. Therefore, Independence Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2021 was 0.43.

Independence 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.

Independence Holding Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2020 )
=(Operating Assets (A: Dec. 2020 )-Operating Liabilities (A: Dec. 2020 ))/Total Assets (A: Dec. 2019 )
=(1011.067-603.358)/1054.303
=0.39

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1083.156 - 72.089
=1011.067

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=613.35 - 9.992 - 0
=603.358

Independence Holding Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2021 )
=(Operating Assets (Q: Sep. 2021 )-Operating Liabilities (Q: Sep. 2021 ))/Total Assets (Q: Jun. 2021 )
=(1168.604-641.07)/1217.176
=0.43

where

Operating Assets(Q: Sep. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1205.62 - 37.016
=1168.604

Operating Liabilities(Q: Sep. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=641.07 - 0 - 0
=641.07

* 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.

Independence Holding Co Scaled Net Operating Assets Related Terms

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Independence Holding Co (Independence Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Independence Holding Co (NYSE:IHC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
96 Cummings Point Road, Stamford, CT, USA, 06902
Website
http://www.ihcgroup.com
Independence Holding Co is engaged in the business of life and health insurance. It mainly provides disability and health coverages and related services to commercial and individual customers. The company's principal products include medical stop-loss, fully insured health products, ancillary products, pet insurance and occupational accident and medical health benefits coverages, New York short term disability, group term life, individual life, and annuities. It has business segments that include Specialty Health; Group disability, life, DBL and PFL segment; individual life, annuities and another segment. The company generates maximum revenue from the Specialty Health segment.
Executives
Steven B Lapin director 96 CUMMINGS POINT RD STAMFORD CT 06902
Gary Balzofiore officer: SVP - Specialty Health Ops 485 MADISON AVENUE, NEW YORK NY 10022
Maggi Colleen P. officer: Corporate VP and CFO 96 CUMMINGS POINT ROAD STAMFORD CT 06902
Vincent J. Furfaro director, officer: SVP StrategicCorp. Dev. & CISO 485 MADISON AVE. 14TH FLOOR NEW YORK NY 10022
Ronald I Simon director 485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Larry Graber director, officer: Sr VP-Life & Annuities 96 CUMMINGS POINT RD STAMFORD CT 06902
James G Tatum director 96 CUMMINGS POINT RD STAMFORD CT 06902
David T Kettig officer: Co-Chief Operating Officer 96 CUMMINGS POINT RD STAMFORD CT 06902
Thung Roy T K director, officer: President and CEO 96 CUMMINGS POINT RD STAMFORD CT 06902
Michael Kemp officer: CUO & SVP C/O STANDARD SECURITY LIFE INSURANCE CO. 485 MADISON AVENUE NEW YORK NY 10022
Geneve Holdings Inc 10 percent owner 96 CUMMINGS POINT RD STAMFORD CT 06902
Teresa A Herbert officer: Sr VP & CFO 96 CUMMINGS POINT RD, STAMFORD CT 06902
Jeffrey C Smedsrud officer: Sr VP&Chief Strategic Officer 8009 34TH AVENUE SOUTH #360 BLOOMINGTON MN 55420
Smh Associates Corp. 10 percent owner 96 CUMMINGS POINT ROAD STAMFORD CT 06902
Argent Investors Management Corp 10 percent owner 96 CUMMINGS POINT ROAD STAMFORD CT 06902