Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) Scaled Net Operating Assets : 0.10 (As of Dec. 2023)

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What is Munchener Ruckversicherungs-Gesellschaft AG 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.

Munchener Ruckversicherungs-Gesellschaft AG's operating assets for the quarter that ended in Dec. 2023 was $289,229 Mil. Munchener Ruckversicherungs-Gesellschaft AG's operating liabilities for the quarter that ended in Dec. 2023 was $260,969 Mil. Munchener Ruckversicherungs-Gesellschaft AG's Total Assets for the quarter that ended in Sep. 2023 was $282,495 Mil. Therefore, Munchener Ruckversicherungs-Gesellschaft AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.10.

Munchener Ruckversicherungs-Gesellschaft AG 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.

Munchener Ruckversicherungs-Gesellschaft AG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(289229.008	-	260969.465)	/	285371.822
=	0.10

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	298574.7	-	9345.692
=	289229.008

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	266109.051	-	5139.586	-	0
=	260969.465

Munchener Ruckversicherungs-Gesellschaft AG'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: Sep. 2023 )
=	(289229.008	-	260969.465)	/	282495.197
=	0.10

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	298574.7	-	9345.692
=	289229.008

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	266109.051	-	5139.586	-	0
=	260969.465

* 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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Munchener Ruckversicherungs-Gesellschaft AG (Munchener Ruckversicherungs-Gesellschaft AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Munchener Ruckversicherungs-Gesellschaft AG (OTCPK:MURGF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MURGY:USA MUV2:Italy MUV2d:UK 0KFE:UK MUV2:Germany MUVB:Germany MUV2:Germany MUV2:Germany MUVB:Germany MUV2:Germany

Address

Koniginstrasse 107, Munich, BY, DEU, 80802

Website

https://www.munichre.com

Munich Re was founded in 1880 by Carl Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those early days, most reinsurers typically focussed on a few customers with strong reputations. Thieme focussed on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After Thieme and Fink founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.

Executives

Michael Kerner

Board of Directors