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Kinsale Capital Group (FRA:KCH) Scaled Net Operating Assets : -0.06 (As of Mar. 2024)


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What is Kinsale Capital Group 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.

Kinsale Capital Group's operating assets for the quarter that ended in Mar. 2024 was €2,271 Mil. Kinsale Capital Group's operating liabilities for the quarter that ended in Mar. 2024 was €2,462 Mil. Kinsale Capital Group's Total Assets for the quarter that ended in Dec. 2023 was €3,460 Mil. Therefore, Kinsale Capital Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.06.

Kinsale Capital Group 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.

Kinsale Capital Group'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 )
=(3343.639-2294.605)/2593.283
=0.40

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3459.817 - 116.178
=3343.639

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2463.192 - 168.587 - 0
=2294.605

Kinsale Capital Group'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 )
=(2271.273-2462.291)/3459.817
=-0.06

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=3708.784 - 1437.511
=2271.273

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2631.493 - 169.202 - 0
=2462.291

* 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.

Kinsale Capital Group Scaled Net Operating Assets Related Terms

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Kinsale Capital Group (FRA:KCH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kinsale Capital Group Inc (FRA:KCH) » Definitions » Scaled Net Operating Assets
Comparable Companies
SIGI AFG RLI CNA THG WTM KMPR MCY HMN PLMR PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC TSX:FFH MKL
Traded in Other Exchanges
KNSL:USA KCH:Germany
Address
2035 Maywill Street, Suite 100, Richmond, VA, USA, 23230
Website
https://www.kinsalecapitalgroup.com
Kinsale Capital Group Inc is an insurance holding company. The company is engaged in offering property, casualty, and specialty insurance products. It offers specialty insurance products for allied health, healthcare, life sciences, a professional, and a public entity. The company operates in only one reportable segment that is the Excess and Surplus Lines Insurance segment, which includes commercial excess and surplus lines liability and property insurance products through its underwriting divisions. The company generates revenues in the form of premiums and investment income.