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Erie Indemnity Co (Erie Indemnity Co) Scaled Net Operating Assets : 0.61 (As of Mar. 2024)


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What is Erie Indemnity 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.

Erie Indemnity Co's operating assets for the quarter that ended in Mar. 2024 was $2,348 Mil. Erie Indemnity Co's operating liabilities for the quarter that ended in Mar. 2024 was $830 Mil. Erie Indemnity Co's Total Assets for the quarter that ended in Dec. 2023 was $2,472 Mil. Therefore, Erie Indemnity Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.61.

Erie Indemnity 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.

Erie Indemnity Co'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 )
=(2340.451-809.129)/2239.456
=0.68

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2471.964 - 131.513
=2340.451

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=809.129 - 0 - 0
=809.129

Erie Indemnity Co'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 )
=(2347.56-829.614)/2471.964
=0.61

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2555.794 - 208.234
=2347.56

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=829.614 - 0 - 0
=829.614

* 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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Erie Indemnity Co (Erie Indemnity Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Erie Indemnity Co (NAS:ERIE) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
EI2:Germany
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Website
https://www.erieinsurance.com
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
Executives
Marc Cipriani officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Sean Dugan officer: Executive Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Parthasarathy Srinivasa officer: EVP, Chief Information Officer 100 ERIE INSURANCE PLACE, ERIE PA 16530
Jorie L Novacek officer: SVP, Controller 100 ERIE INSURANCE PLACE, ERIE PA 16530
Thomas B Hagen director 230 WEST 6TH STREET, ERIE PA 16507-1319
Eugene C Connell director 785 HUNTINGTON DRIVE, ERIE PA 16505
Elizabeth A Vorsheck director, 10 percent owner 6252 COMMERCIAL WAY PMB 140, BROOKSVILLE FL 34613
Brian W. Bolash officer: SVP,Secretary,General Counsel 100 ERIE INSURANCE PLACE, ERIE PA 16530
Borneman J Ralph Jr director NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512
Hudson Brian Arden Sr. director 2407 PARK DRIVE, HARRISBURG PA 17110
Louis F Colaizzo officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Salvatore Correnti director 8518 SOUTHFIELDS CIRCLE, LUTHERVILLE MD 21093
Timothy G Necastro officer: President & CEO, Designate 100 ERIE INSURANCE PL, ERIE PA 16530
Luann Datesh director 333 OAK FOREST DRIVE, PITTSBURGH PA 15216
Robert C Wilburn director 110 WASHINGTON AVENUE #1711, MIAMI BEACH FL 33139