Heritage Insurance Holdings (FRA:11H) Scaled Net Operating Assets : -0.06 (As of Sep. 2024)

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What is Heritage Insurance 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.

Heritage Insurance Holdings's operating assets for the quarter that ended in Sep. 2024 was €1,605.2 Mil. Heritage Insurance Holdings's operating liabilities for the quarter that ended in Sep. 2024 was €1,757.5 Mil. Heritage Insurance Holdings's Total Assets for the quarter that ended in Jun. 2024 was €2,414.8 Mil. Therefore, Heritage Insurance Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.06.

Heritage Insurance 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.

Heritage Insurance Holdings'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 )
=	(1549.326	-	1636.594)	/	2258.614
=	-0.04

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1974.484	-	425.158
=	1549.326

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1772.488	-	53.708	-	82.186
=	1636.594

Heritage Insurance Holdings'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 )
=	(1605.215	-	1757.519)	/	2414.795
=	-0.06

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2139.324	-	534.109
=	1605.215

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1887.635	-	55.783	-	74.333
=	1757.519

* 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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Heritage Insurance Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Heritage Insurance Holdings Inc (FRA:11H) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

HRTG:USA

Address

1401 N. Westshore Boulevard, Tampa, FL, USA, 33607

Website

https://www.heritagepci.com

Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in various states in the United States. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.