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Hiscox (LSE:HSX) Scaled Net Operating Assets : 0.24 (As of Dec. 2023)


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What is Hiscox 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.

Hiscox's operating assets for the quarter that ended in Dec. 2023 was £7,575 Mil. Hiscox's operating liabilities for the quarter that ended in Dec. 2023 was £5,538 Mil. Hiscox's Total Assets for the quarter that ended in Jun. 2023 was £8,476 Mil. Therefore, Hiscox's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.24.

Hiscox 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.

Hiscox'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 )
=(7602.565-5537.584)/8508.023
=0.24

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8737.795 - 1135.23
=7602.565

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6133.402 - 589.972 - 5.846
=5537.584

Hiscox'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 )
=(7574.599-5537.584)/8476.222
=0.24

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8737.795 - 1163.196
=7574.599

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6133.402 - 589.972 - 5.846
=5537.584

* 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.

Hiscox Scaled Net Operating Assets Related Terms

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Hiscox (LSE:HSX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hiscox Ltd (LSE:HSX) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
HCXLY:USA HCXLF:USA HSXl:UK
Address
96 Pitts Bay Road, Chesney House, Pembroke, BMU, HM 08
Website
https://www.hiscoxgroup.com
Hiscox Ltd is a property and casualty insurance company that operates globally. The company works to build a balance between catastrophe-exposed business and less volatile local specialty businesses. It generates most of its revenue through reinsurance, local casualty, and commercial insurance lines. The company's risk management strategy involves a strong underwriting discipline, diversification, and sound capital management. Hiscox's retail operations comprise half of the overall gross written premiums.