MS&AD Insurance Group Holdings (MS&AD Insurance Group Holdings) Scaled Net Operating Assets : 0.06 (As of Dec. 2023)

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What is MS&AD Insurance Group 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.

MS&AD Insurance Group Holdings's operating assets for the quarter that ended in Dec. 2023 was $158,499 Mil. MS&AD Insurance Group Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $147,341 Mil. MS&AD Insurance Group Holdings's Total Assets for the quarter that ended in Sep. 2023 was $173,577 Mil. Therefore, MS&AD Insurance Group Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.06.

MS&AD Insurance Group 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.

MS&AD Insurance Group Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(166300.59	-	158826.381)	/	211118.189
=	0.04

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	187038.97	-	20738.38
=	166300.59

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	164173.68	-	5347.299	-	0
=	158826.381

MS&AD Insurance Group Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(158498.606	-	147341.048)	/	173576.732
=	0.06

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	179483.524	-	20984.918
=	158498.606

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	152308.776	-	4967.728	-	0
=	147341.048

* 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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MS&AD Insurance Group Holdings (MS&AD Insurance Group Holdings) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MSADF:USA 8725:Japan

Address

Yaesu First Financial Building, Yaesu 1-3-7, Chuo-ku, Tokyo, JPN, 103-0028

Website

http://www.ms-ad-hd.com

MS&AD is Japan's second-biggest nonlife insurer, trailing industry leader Tokio Marine in the scale of global operations although not in Japan. Like Tokio Marine and Sompo, MS&AD has grown into a second-tier presence in the domestic life insurance market since life and non-life insurance were mutually deregulated in 1996. Overseas, it is less focused on the U.S. market than its two Japanese rivals and more focused on emerging Asia, but its acquisition of Lloyd's syndicate Amlin in 2017 has increased its exposure to the European and North American markets. MS&AD has historical business connections with the Mitsui and Sumitomo groups (the 'MS' in the company name) and has a long-term partnership with Toyota Motor that is advantageous in acquiring auto insurance customers.