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Union Assurance (COL:UAL.N0000) Scaled Net Operating Assets : -0.06 (As of Sep. 2024)


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What is Union Assurance 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 Assurance's operating assets for the quarter that ended in Sep. 2024 was රු75,110 Mil. Union Assurance's operating liabilities for the quarter that ended in Sep. 2024 was රු80,963 Mil. Union Assurance's Total Assets for the quarter that ended in Jun. 2024 was රු98,994 Mil. Therefore, Union Assurance's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.06.

Union Assurance 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 Assurance'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 )
=(94830.186-70963.49)/75969.007
=0.31

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=95669.661 - 839.475
=94830.186

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=71508.59 - 422.54 - 122.56
=70963.49

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

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(75109.542-80963.083)/98994.089
=-0.06

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=102228.149 - 27118.607
=75109.542

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=81663.498 - 508.135 - 192.28
=80963.083

* 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 Assurance Scaled Net Operating Assets Related Terms

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Union Assurance Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Union Assurance PLC (COL:UAL.N0000) » Definitions » Scaled Net Operating Assets
Comparable Companies
COL:CINS.X0000 BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG ACGL MIL:G TSX:SLF HIG OHEL:SAMPO XSWX:SLHN XTER:TLX LSE:AV. BSP:BBSE3 OCSE:TRYG XAMS:AGN EQH XAMS:NN BOM:540716
Traded in Other Exchanges
N/A
Address
No. 20, St. Michael's Road, Union Assurance Centre, Colombo, LKA, 03
Website
https://www.unionassurance.com
Union Assurance PLC is engaged in the Life insurance business. It provides Life insurance solutions for both Individuals and corporate customers. The company's operating segment includes the Policyholder Fund and Shareholder Fund. It generates maximum revenue from the Policyholder Fund segment. UA maintains five separate policy holder funds according to the following product types: Participating, Non-participating, Universal life, Unit linked, and Non-unit linked.