American Equity Investment Life Holding Co (FRA:AM5) Scaled Net Operating Assets : -0.25 (As of Mar. 2024)

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What is American Equity Investment Life Holding 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.

American Equity Investment Life Holding Co's operating assets for the quarter that ended in Mar. 2024 was €52,580 Mil. American Equity Investment Life Holding Co's operating liabilities for the quarter that ended in Mar. 2024 was €70,605 Mil. American Equity Investment Life Holding Co's Total Assets for the quarter that ended in Dec. 2023 was €73,285 Mil. Therefore, American Equity Investment Life Holding Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.25.

American Equity Investment Life Holding 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.

American Equity Investment Life Holding Co'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 )
=	(64323.622	-	69697.482)	/	69085.317
=	-0.08

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	73285.083	-	8961.461
=	64323.622

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	70490.274	-	792.792	-	0
=	69697.482

American Equity Investment Life Holding Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(52580.343	-	70605.362)	/	73285.083
=	-0.25

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	74317.161	-	21736.818
=	52580.343

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	71399.314	-	793.952	-	0
=	70605.362

* 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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American Equity Investment Life Holding Co (FRA:AM5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Equity Investment Life Holding Co (FRA:AM5) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

AELpB.PFD:USA AELpA.PFD:USA AEL:USA

Address

6000 Westown Parkway, West Des Moines, IA, USA, 50266

Website

https://www.american-equity.com

American Equity Investment Life Holding Co is a financial services company. Its core business is selling fixed-index and fixed-rate annuity products through its subsidiaries, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The company is licensed to sell its products in 50 states and the District of Columbia. Its targeted clients are individuals aged 45-75 who are interested in accumulating tax-deferred savings or creating guaranteed lifetime income.