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Gjensidige Forsikring ASA Scaled Net Operating Assets

: 0.20 (As of Sep. 2021)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Gjensidige Forsikring ASA's operating assets for the quarter that ended in Sep. 2021 was $14,410 Mil. Gjensidige Forsikring ASA's operating liabilities for the quarter that ended in Sep. 2021 was $11,448 Mil. Gjensidige Forsikring ASA's Total Assets for the quarter that ended in Jun. 2021 was $15,019 Mil. Therefore, Gjensidige Forsikring ASA's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2021 was 0.20.


Gjensidige Forsikring ASA 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.

Gjensidige Forsikring ASA's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2020 )
=(Operating Assets (A: Dec. 2020 )-Operating Liabilities (A: Dec. 2020 ))/Total Assets (A: Dec. 2019 )
=(13259.397503187-10395.229180783)/12456.327570922
=0.23

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Cash and cash equivalents
=13587.99140931 - 328.59390612259
=13259.397503187

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=10684.096886449 - 288.86770566549 - 0
=10395.229180783

Gjensidige Forsikring ASA's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2021 )
=(Operating Assets (Q: Sep. 2021 )-Operating Liabilities (Q: Sep. 2021 ))/Total Assets (Q: Jun. 2021 )
=(14409.965004678-11447.686035365)/15019.304056701
=0.20

where

Operating Assets(Q: Sep. 2021 )
=Total Assets - Cash and cash equivalents
=14762.921127704 - 352.95612302646
=14409.965004678

Operating Liabilities(Q: Sep. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=11873.739648661 - 426.05361329591 - 0
=11447.686035365

* 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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Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.
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