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SiriusPoint (FRA:3XPA) Scaled Net Operating Assets : -0.04 (As of Mar. 2024)


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What is SiriusPoint 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.

SiriusPoint's operating assets for the quarter that ended in Mar. 2024 was €8,532 Mil. SiriusPoint's operating liabilities for the quarter that ended in Mar. 2024 was €8,965 Mil. SiriusPoint's Total Assets for the quarter that ended in Dec. 2023 was €11,803 Mil. Therefore, SiriusPoint's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.04.

SiriusPoint 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.

SiriusPoint'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 )
=(10914.409-8761.66)/10418.267
=0.21

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=11803.165 - 888.756
=10914.409

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9482.605 - 720.945 - 0
=8761.66

SiriusPoint'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 )
=(8531.528-8965.216)/11803.165
=-0.04

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=12084.936 - 3553.408
=8531.528

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=9674.168 - 708.952 - 0
=8965.216

* 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.

SiriusPoint Scaled Net Operating Assets Related Terms

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SiriusPoint (FRA:3XPA) Business Description

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Address
3 Waterloo Lane, Point Building, Pembroke, BMU, HM 08
Website
https://www.siriuspt.com
SiriusPoint Ltd provides property and casualty reinsurance coverage to insurance and reinsurance companies in the United States, Bermuda, the United Kingdom, and Europe. The company operates through two operating segments: Reinsurance and Insurance & Services. The company's product portfolio consists of reinsurance contracts for property insurance including both residential and commercial properties, workers' compensation, personal automobile, businesses' general liability insurance, professional liability insurance to protect professional advisors and service providers, agriculture insurance, and mortgage insurance.