GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Insurance Australia Group Ltd (ASX:IAGPD.PFD) » Definitions » Scaled Net Operating Assets

Insurance Australia Group (ASX:IAGPD.PFD) Scaled Net Operating Assets : 0.27 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Insurance Australia Group 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.

Insurance Australia Group's operating assets for the quarter that ended in Dec. 2023 was A$24,386.00 Mil. Insurance Australia Group's operating liabilities for the quarter that ended in Dec. 2023 was A$14,909.00 Mil. Insurance Australia Group's Total Assets for the quarter that ended in Jun. 2023 was A$35,026.00 Mil. Therefore, Insurance Australia Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.27.

Insurance Australia Group 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.

Insurance Australia Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2023 )
=(Operating Assets (A: Jun. 2023 )-Operating Liabilities (A: Jun. 2023 ))/Total Assets (A: Jun. 2022 )
=(34552-25341)/34083
=0.27

where

Operating Assets(A: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=35026 - 474
=34552

Operating Liabilities(A: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27977 - 2562 - 74
=25341

Insurance Australia Group'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: Jun. 2023 )
=(24386-14909)/35026
=0.27

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=24956 - 570
=24386

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17922 - 3013 - 0
=14909

* 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.

Insurance Australia Group Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Insurance Australia Group's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Insurance Australia Group (ASX:IAGPD.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Insurance Australia Group Ltd (ASX:IAGPD.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
ASX:SUN ASX:QBE PGR CB TSE:8766 TRV ALL HIG HKSE:02328 TSX:IFC TSE:8725 HKSE:01339 TSX:FFH WRB TSE:8630 MKL CINF L CNA KNSL
Traded in Other Exchanges
IAUGY:USA IAUGF:USA NRM:Germany IAG:Australia
Address
Darling Park, 201 Sussex Street, Level 13, Tower Two, Sydney, NSW, AUS, 2000
Website
https://www.iag.com.au
Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which the company operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. Insurance Australia Group sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.