Dai-ichi Life Holdings (Dai-ichi Life Holdings) Scaled Net Operating Assets : 0.03 (As of Dec. 2023)

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What is Dai-ichi Life Holdings 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.

Dai-ichi Life Holdings's operating assets for the quarter that ended in Dec. 2023 was $444,318 Mil. Dai-ichi Life Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $429,336 Mil. Dai-ichi Life Holdings's Total Assets for the quarter that ended in Sep. 2023 was $442,338 Mil. Therefore, Dai-ichi Life Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.03.

Dai-ichi Life Holdings 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.

Dai-ichi Life Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Mar. 2023 )
=	(Operating Assets (A: Mar. 2023 )	-	Operating Liabilities (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2022 )
=	(448584.887	-	432098.069)	/	555596.269
=	0.03

where

	Operating Assets		(A: Mar. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	460697.972	-	12113.085
=	448584.887

	Operating Liabilities		(A: Mar. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	439202.988	-	7104.919	-	0
=	432098.069

Dai-ichi Life Holdings'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 )
=	(444317.513	-	429336.373)	/	442337.989
=	0.03

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	456882.745	-	12565.232
=	444317.513

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	436182.905	-	6846.532	-	0
=	429336.373

* 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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Dai-ichi Life Holdings (Dai-ichi Life Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dai-ichi Life Holdings Inc (OTCPK:DCNSF) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

DLICY:USA 8750:Japan

Address

13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411

Website

https://www.dai-ichi-life-hd.com

Dai-Ichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of slightly over 10%. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Dai-Ichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Dai-Ichi Life Vietnam around 5%. Dai-Ichi also holds a 30% economic interest in Mizuho's Asset Management One.