EMC Insurance Group (EMC Insurance Group) Scaled Net Operating Assets : 0.35 (As of Jun. 2019)

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What is EMC Insurance 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.

EMC Insurance Group's operating assets for the quarter that ended in Jun. 2019 was $1,741.0 Mil. EMC Insurance Group's operating liabilities for the quarter that ended in Jun. 2019 was $1,132.6 Mil. EMC Insurance Group's Total Assets for the quarter that ended in Mar. 2019 was $1,742.2 Mil. Therefore, EMC Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2019 was 0.35.

EMC Insurance 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.

EMC Insurance Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2018 )
=	(Operating Assets (A: Dec. 2018 )	-	Operating Liabilities (A: Dec. 2018 ))	/	Total Assets (A: Dec. 2017 )
=	(1685.141	-	1094.696)	/	1681.94
=	0.35

where

	Operating Assets		(A: Dec. 2018 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1685.478	-	0.337
=	1685.141

	Operating Liabilities		(A: Dec. 2018 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1119.696	-	25	-	0
=	1094.696

EMC Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2019 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jun. 2019 )
=	(Operating Assets (Q: Jun. 2019 )	-	Operating Liabilities (Q: Jun. 2019 ))	/	Total Assets (Q: Mar. 2019 )
=	(1741.018	-	1132.589)	/	1742.227
=	0.35

where

	Operating Assets		(Q: Jun. 2019 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1788.151	-	47.133
=	1741.018

	Operating Liabilities		(Q: Jun. 2019 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1157.589	-	25	-	0
=	1132.589

* 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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EMC Insurance Group (EMC Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » EMC Insurance Group Inc (NAS:EMCI) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

717 Mulberry Street, Des Moines, IA, USA, 50309

Website

http://www.emcins.com

EMC Insurance Group Inc is a United States based insurance provider that focusses on non-life insurance products. It derives significant revenues from its property and casualty insurance products, which it sells through its subsidiaries company. Its secondary source of revenue is its reinsurance segment. The group manages its reinsurance business through its subsidiary, EMC Reinsurance company, which sells commercial lines of property and casualty insurance products to small and medium-sized businesses.

Executives

Thomas W Booth	other: Director-EMCC-Parent Company	2868 SHADOW LAKE ROAD, DES MOINES IA 80026
David O Narigon	officer: Senior Vice President