Union Insurance Co (ADX:UNION) Scaled Net Operating Assets : 0.15 (As of Dec. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Union Insurance Co 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.

Union Insurance Co's operating assets for the quarter that ended in Dec. 2024 was د.إ1,500.1 Mil. Union Insurance Co's operating liabilities for the quarter that ended in Dec. 2024 was د.إ1,270.0 Mil. Union Insurance Co's Total Assets for the quarter that ended in Sep. 2024 was د.إ1,583.6 Mil. Therefore, Union Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.15.

Union Insurance Co 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.

Union Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(1500.13	-	1269.989)	/	1457.295
=	0.16

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1514.05	-	13.92
=	1500.13

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1270.712	-	0	-	0.723
=	1269.989

Union Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(1500.101	-	1269.989)	/	1583.566
=	0.15

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1514.05	-	13.949
=	1500.101

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1270.712	-	0	-	0.723
=	1269.989

* 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.

Union Insurance Co Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Union Insurance Co's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Union Insurance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Union Insurance Co (ADX:UNION) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O Box 119227, Single Business Tower, Dubai, ARE

Website

https://www.unioninsurance.ae

Union Insurance Co is a UAE-based insurance company. It is engaged in the underwriting of all types of insurance. They provide a comprehensive range of retail and commercial insurance products to clients in the UAE, as well as the Middle East. It operates in two segments, including the General Insurance and Life assurance segment. The general insurance segment includes auto, marine, engineering, corporate travel, employee benefit, healthcare, fire, and general accident insurance. The life segment includes group life, credit life, and individual life. The company generates the majority of its revenue from the General insurance segment. The geographical segments include the United Arab Emirates, GCC Countries, and Others.