Sirius International Insurance Group (Sirius International Insurance Group) Intangible Assets : $565 Mil (As of Dec. 2020)

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What is Sirius International Insurance Group Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Sirius International Insurance Group's intangible assets for the quarter that ended in Dec. 2020 was $565 Mil.

Sirius International Insurance Group Intangible Assets Historical Data

The historical data trend for Sirius International 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.

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Sirius International Insurance Group Intangible Assets Chart

Sirius International Insurance Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Intangible Assets

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5.00

617.30

596.20

580.60

564.80

Sirius International Insurance Group Quarterly Data
	Dec15	Dec16	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Intangible Assets	Get a 7-Day Free Trial											580.60	576.70	572.70	568.80	564.80

Sirius International Insurance Group Intangible Assets Calculation

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.

Sirius International Insurance Group (NAS:SG) 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.

Sirius International Insurance Group Intangible Assets Related Terms

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Sirius International Insurance Group (Sirius International Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sirius International Insurance Group Ltd (NAS:SG) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Wesley Street, Hamilton, BMU, HM 11

Website

https://www.siriusgroup.com

Sirius International Insurance Group Ltd is a Bermuda-domiciled holding company. Along with its operating companies, the firm offers a variety of reinsurance and insurance products serving clients and brokers. It operates in four business segments including Global Property, Global A&H, Specialty & Casualty, and Runoff & Other. Majority of the revenue is earned from Global Property which offers property insurance and reinsurance, property catastrophe excess reinsurance, and agriculture reinsurance services. It has geographical operations in the United States, Europe, Canada, the Caribbean, Bermuda, Latin America, Asia and other, while the majority of the revenue is earned from the United States.

Executives

Maguire Sabrina Y.t.	director	SUN HUNG KAI & CO. LIMITED 42/F LEE GARDEN ONE, 33 HYSAN AVENUE CAUSEWAY BAY K3 42F
Rogers James B Jr	director	14 WESLEY STREET, HAMILTON D0 HM11
Kernan V Oberting	director, officer: President & CEO	14 WESLEY STREET, HAMILTON D0 HM11
Jeffrey W Davis	officer: EVP, CRO & Chief Actuary	14 WESLEY STREET, HAMILTON D0 HM11
Meyer Frucher	director	14 WESLEY STREET HAMILTON D0 HM11
Raymond Tan	director	14 WESLEY STREET HAMILTON D0 D0 HM11
Alain M Karaoglan	director	230 PARK AVENUE, NEW YORK NY 10169
Rachelle Keller	director	14 WESLEY STREET, HAMILTON D0 HM11
Robert L Friedman	director	14 WESLEY STREET HAMILTON D0 HM11
Ralph A Salamone	officer: CFO	14 WESLEY STREET HAMILTON D0 HM11
Gene Boxer	officer: EVP, CSO & Group Gen. Counsel	14 WESLEY STREET, HAMILTON D0 HM11
Robert L. Friedman	director	THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Allan Lewis Waters	director, officer: Chief Executive Officer	14 WESLEY STREET, HAMILTON D0 HM11
Laurence Liao	director	14 WESLEY STREET HAMILTON D0 HM11