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Everest Group (Everest Group) Scaled Net Operating Assets : -0.32 (As of Dec. 2023)


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What is Everest 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.

Everest Group's operating assets for the quarter that ended in Dec. 2023 was $18,095 Mil. Everest Group's operating liabilities for the quarter that ended in Dec. 2023 was $32,789 Mil. Everest Group's Total Assets for the quarter that ended in Sep. 2023 was $46,318 Mil. Therefore, Everest Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.32.

Everest 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.

Everest Group'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 )
=(47962-32789)/39966
=0.38

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=49399 - 1437
=47962

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36197 - 1059 - 2349
=32789

Everest 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: Sep. 2023 )
=(18095-32789)/46318
=-0.32

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=49399 - 31304
=18095

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36197 - 1059 - 2349
=32789

* 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.

Everest Group Scaled Net Operating Assets Related Terms

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Everest Group (Everest Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Everest Group Ltd (NYSE:EG) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
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Address
141 Front Street, Seon Place - 4th Floor, P.O. Box HM 845, Hamilton, BMU, HM 19
Website
https://www.everestglobal.com
Everest Group Ltd is engaged in providing insurance services in the U.S., Bermuda, and international markets. It operates in Reinsurance and Insurance business. The Reinsurance operation writes property and casualty reinsurance and specialty lines of business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies. The Insurance operation writes property and casualty insurance directly and through brokers, surplus lines brokers, and general agents within the U.S., Bermuda, Canada, Europe, and South America.
Executives
Juan C Andrade officer: President and CEO THE HARTFORD, ONE HARTFORD PLAZA, HARTFORD CT 06155
Meryl D Hartzband director C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Hazel Mcneilage director 16600 SWINGLEY RIDGE ROAD, CHESTERFIELD MO 63017
John A Weber director COPLEY SQUARE CAPITAL MANAGEMENT, 108 MYRTLE STREET, NORTH QUINCY MA 02171
Sanjoy Mukherjee officer: General Counsel 477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Galtney William F Jr director THE GALTNEY GROUP, INC., 820 GESSNER, SUITE 1000, HOUSTON TX 77024-4259
Roger M. Singer director P.O. BOX 2756, DURANGO CO 81302
John P Doucette officer: Executive VP and CUO 477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Mike Karmilowicz officer: EVP, Pres/CEO Insurance Div 100 EVEREST WAY, WARREN NJ 07059
James Allan Williamson officer: EVP, Chief Operating Officer 100 EVEREST WAY, WARREN NJ 07059
Mark Kociancic officer: EVP & CFO 477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Geraldine Losquadro director 200 EAST 74TH STREET APT 10, NEW YORK CITY NY 10021
Joseph V Taranto director, officer: Chairman and CEO EVEREST REINSURANCE CO, 100 EVEREST WAY, WARREN NJ 07059
John A Graf director 477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Jonathan Zaffino officer: SVP & President Everest Nat'l 477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938