Universal Insurance Holdings (FRA:5UI) Scaled Net Operating Assets : 0.06 (As of Sep. 2024)

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What is Universal 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.

Universal Insurance Holdings's operating assets for the quarter that ended in Sep. 2024 was €2,087 Mil. Universal Insurance Holdings's operating liabilities for the quarter that ended in Sep. 2024 was €1,936 Mil. Universal Insurance Holdings's Total Assets for the quarter that ended in Jun. 2024 was €2,488 Mil. Therefore, Universal Insurance Holdings's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.06.

Universal 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.

Universal 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 )
=	(1759.956	-	1704.392)	/	2728.305
=	0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2124.286	-	364.33
=	1759.956

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1811.317	-	93.54	-	13.385
=	1704.392

Universal 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 )
=	(2087.473	-	1936.104)	/	2488.359
=	0.06

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	2388.117	-	300.644
=	2087.473

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2027.496	-	91.392	-	0
=	1936.104

* 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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Universal Insurance Holdings Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

UVE:USA

Address

1110 West Commercial Boulevard, Fort Lauderdale, FL, USA, 33309

Website

https://www.universalinsuranceholdings.com

Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company develops, markets, and underwrites insurance products for consumers predominantly in the personal residential homeowners' lines of business and performs substantially all other insurance-related services for its primary insurance entities, including risk management, claims management, and distribution. The company generates revenue from the collection of premiums. It operates within Florida and across the United States. The company's primary insurance subsidiaries, (UPCIC) and (APPCIC) provide insurance for personal residential: homeowners, renters/tenants, condo unit owners, and other related coverages.