HCI Group (LTS:0J22) Scaled Net Operating Assets : -0.13 (As of Sep. 2024)

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What is HCI 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.

HCI Group's operating assets for the quarter that ended in Sep. 2024 was $1,029.6 Mil. HCI Group's operating liabilities for the quarter that ended in Sep. 2024 was $1,286.9 Mil. HCI Group's Total Assets for the quarter that ended in Jun. 2024 was $1,911.4 Mil. Therefore, HCI Group's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.13.

HCI 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.

HCI 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 )
=	(1274.838	-	1178.088)	/	1803.328
=	0.05

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1811.316	-	536.478
=	1274.838

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1387.991	-	208.493	-	1.41
=	1178.088

HCI Group'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 )
=	(1029.567	-	1286.883)	/	1911.381
=	-0.13

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1987.374	-	957.807
=	1029.567

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1519.214	-	185.081	-	47.25
=	1286.883

* 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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HCI Group Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

HCI:USA 0H5:Germany 0H5:Germany

Address

3802 Coconut Palm Drive, Tampa, FL, USA, 33619

Website

https://www.hcigroup.com

HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.