Zurich Insurance Group AG (Zurich Insurance Group AG) Scaled Net Operating Assets : -0.17 (As of Dec. 2023)

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What is Zurich Insurance Group 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.

Zurich Insurance Group AG's operating assets for the quarter that ended in Dec. 2023 was $261,137 Mil. Zurich Insurance Group AG's operating liabilities for the quarter that ended in Dec. 2023 was $319,648 Mil. Zurich Insurance Group AG's Total Assets for the quarter that ended in Jun. 2023 was $350,126 Mil. Therefore, Zurich Insurance Group AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.17.

Zurich Insurance Group 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.

Zurich Insurance Group 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 )
=	(354102	-	319648)	/	335412
=	0.10

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	361382	-	7280
=	354102

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	335103	-	14955	-	500
=	319648

Zurich Insurance Group 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: Jun. 2023 )
=	(261137	-	319648)	/	350126
=	-0.17

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	361382	-	100245
=	261137

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	335103	-	14955	-	500
=	319648

* 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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Zurich Insurance Group AG (Zurich Insurance Group AG) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ZURVY:USA ZURN:Mexico ZURNz:UK 0QP2:UK ZFI1:Germany ZURN:Switzerland

Address

Mythenquai 2, Corporate Center, Zurich, CHE, 8002

Website

https://www.zurich.com

Zurich is a multiline insurer that writes business across both life and non-life insurance and also owns Farmers Management Services. The company was founded in 1872, originally as a marine reinsurer, to provide reinsurance to its parent company. Zurich subsequently expanded into transport and accident insurance and then rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling that would be damaging to both customers and Zurich. Over the years Zurich has sought to combine goodwill in claims with a sufficient premium. Zurich is now one of the most successful insurers in Europe.