Fidelis Insurance Holdings (Fidelis Insurance Holdings) Scaled Net Operating Assets : -0.10 (As of Mar. 2024)

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What is Fidelis Insurance Holdings 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.

Fidelis Insurance Holdings's operating assets for the quarter that ended in Mar. 2024 was $7,292 Mil. Fidelis Insurance Holdings's operating liabilities for the quarter that ended in Mar. 2024 was $8,301 Mil. Fidelis Insurance Holdings's Total Assets for the quarter that ended in Dec. 2023 was $10,028 Mil. Therefore, Fidelis Insurance Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.10.

Fidelis Insurance Holdings 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.

Fidelis Insurance Holdings'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 )
=	(9315.7	-	7130.1)	/	8312.5
=	0.26

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	10028.1	-	712.4
=	9315.7

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7578.3	-	448.2	-	0
=	7130.1

Fidelis Insurance Holdings'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 )
=	(7291.6	-	8301.2)	/	10028.1
=	-0.10

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	11266.7	-	3975.1
=	7291.6

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8749.6	-	448.4	-	0
=	8301.2

* 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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Fidelis Insurance Holdings (Fidelis Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelis Insurance Holdings Ltd (NYSE:FIHL) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

U0K:Germany

Address

100 Pitts Bay Road, Waterloo House, Pembroke, BMU, HM08

Website

https://www.fidelisinsurance.com

Fidelis Insurance Holdings Ltd is a global (re)insurance company. It classify the business into three underwriting segments, namely Bespoke, Specialty and Reinsurance. Specialty primarily comprises property D&F, energy, marine and aviation lines. Bespoke primarily comprises credit and political risk and other tailored solutions for clients including transactional liabilities and credit insurance. Reinsurance primarily comprises property reinsurance.