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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. OneBeacon Insurance Group's intangible assets for the quarter that ended in Jun. 2017 was $0 Mil.
The historical data trend for OneBeacon Insurance Group's Intangible Assets can be seen below:
* 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.
OneBeacon Insurance Group Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
OneBeacon Insurance Group Quarterly Data | ||||||||||||||||||||
Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
OneBeacon Insurance Group (NYSE:OB) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of OneBeacon Insurance Group's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kent D Urness | director | 1 BEACON LANE, CANTON MA 02021 |
John C Treacy | officer: SVP & Chief Accounting Officer | 601 CARLSON PARKWAY, SUITE 600, MINNETONKA MN 55305 |
T Michael Miller | director, officer: President & CEO | C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021 |
Paul H. Mcdonough | officer: EVP & Chief Financial Officer | ONE BEACON LANE, CANTON MA 02021 |
Morgan W Davis | director | 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Lowndes Andrew Smith | director | C/O WHITE MOUNTIAN INSURANCE GROUP, 80 S MIAN ST, HANOVER NH 03755 |
Patrick A Thiele | director | PARTNERRE LTD, WELLESLEY HOUSE 90 PITTS BAY RD, PEMBROKE BERMUDA D0 HM 08 |
George Manning Rountree | director | C/O 80 SOUTH MAIN STREET, HANOVER NH 03755 |
Michael J Mcsally | officer: SVP OneBeacon Insurance Co. | 10375 PROFESSIONAL CIRCLE, RENO NV 89521 |
Kevin James Rehnberg | officer: SVP, OneBeacon Insurance Co. | C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021 |
Barrette Raymond Joseph Rene | director | C/O WHITE MOUNTAINS INS, 80 S. MAIN ST, HANOVER NH 03755 |
Allan Lewis Waters | director | 14 WESLEY STREET, HAMILTON D0 HM11 |
Steven Elliot Fass | director | 10 DEPUTY MINISTER DR, COLTS NECK NJ 07722 |
Reid Tarlton Campbell | director | C/O WHITE MOUNTAINS INSURANCE GROUP, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
David Thomas Foy | director | C/O WHITE MOUNTAINS INSURANCE GROUP LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755 |
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