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Safety Insurance Group Scaled Net Operating Assets

: -0.15 (As of Mar. 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.

Safety Insurance Group's operating assets for the quarter that ended in Mar. 2021 was $756.5 Mil. Safety Insurance Group's operating liabilities for the quarter that ended in Mar. 2021 was $1,065.6 Mil. Safety Insurance Group's Total Assets for the quarter that ended in Dec. 2020 was $2,054.3 Mil. Therefore, Safety Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2021 was -0.15.


Safety 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.

Safety Insurance Group'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 )
=(2000.504-1108.594)/2022.669
=0.44

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Cash and cash equivalents
=2054.273 - 53.769
=2000.504

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1169.594 - 31 - 30
=1108.594

Safety Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2021 )
=(Operating Assets (Q: Mar. 2021 )-Operating Liabilities (Q: Mar. 2021 ))/Total Assets (Q: Dec. 2020 )
=(756.469-1065.606)/2054.273
=-0.15

where

Operating Assets(Q: Mar. 2021 )
=Total Assets - Cash and cash equivalents
=2045.66 - 1289.191
=756.469

Operating Liabilities(Q: Mar. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1155.407 - 59.801 - 30
=1065.606

* 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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