Direct Line Insurance Group (LSE:DLG) Scaled Net Operating Assets : 0.14 (As of Dec. 2023)

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What is Direct Line Insurance 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.

Direct Line Insurance Group's operating assets for the quarter that ended in Dec. 2023 was £6,626 Mil. Direct Line Insurance Group's operating liabilities for the quarter that ended in Dec. 2023 was £5,565 Mil. Direct Line Insurance Group's Total Assets for the quarter that ended in Jun. 2023 was £7,489 Mil. Therefore, Direct Line Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.14.

Direct Line Insurance 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.

Direct Line Insurance 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 )
=	(6645	-	5565.2)	/	7423.7
=	0.15

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8417.2	-	1772.2
=	6645

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6012.5	-	364.9	-	82.4
=	5565.2

Direct Line Insurance Group'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: Jun. 2023 )
=	(6626.1	-	5565.2)	/	7488.8
=	0.14

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8417.2	-	1791.1
=	6626.1

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	6012.5	-	364.9	-	82.4
=	5565.2

* 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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Direct Line Insurance Group (LSE:DLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Direct Line Insurance Group PLC (LSE:DLG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

DIISY:USA DIISF:USA DLGl:UK D1LN:Germany D1LN:Germany

Address

Westmoreland Road, Churchill Court, Bromley, Kent, GBR, BR1 1DP

Website

https://www.directlinegroup.co.uk

While Direct Line is one of the more focused personal lines insurers that we cover in Europe, it is still quite diversified. The business sells insurance under four divisions and those are personal lines motor, personal lines home, rescue and other personal lines, and commercial. Rescue and other personal lines include rescue, travel and pet insurance, and commercial insurance is sold to small and medium sized enterprises. Direct Line only sells insurance in United Kingdom. Direct Lines personal motor insurance division typically accounts for around 50% of total group gross written premium and the personal home insurance unit typically sells around 20%. Rescue and other personal lines account for around 10% and commercial insurance accounts for around 20%.