Munchener Ruckversicherungs-Gesellschaft AG (LTS:0KFE) Scaled Net Operating Assets : -0.52 (As of Dec. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Munchener Ruckversicherungs-Gesellschaft AG 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.

Munchener Ruckversicherungs-Gesellschaft AG's operating assets for the quarter that ended in Dec. 2024 was €103,034 Mil. Munchener Ruckversicherungs-Gesellschaft AG's operating liabilities for the quarter that ended in Dec. 2024 was €247,449 Mil. Munchener Ruckversicherungs-Gesellschaft AG's Total Assets for the quarter that ended in Sep. 2024 was €280,007 Mil. Therefore, Munchener Ruckversicherungs-Gesellschaft AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was -0.52.

Munchener Ruckversicherungs-Gesellschaft AG 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.

Munchener Ruckversicherungs-Gesellschaft AG's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2024 )
=	(Operating Assets (A: Dec. 2024 )	-	Operating Liabilities (A: Dec. 2024 ))	/	Total Assets (A: Dec. 2023 )
=	(280399	-	247449)	/	273793
=	0.12

where

	Operating Assets		(A: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	286515	-	6116
=	280399

	Operating Liabilities		(A: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	253770	-	6321	-	0
=	247449

Munchener Ruckversicherungs-Gesellschaft AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2024 )
=	(Operating Assets (Q: Dec. 2024 )	-	Operating Liabilities (Q: Dec. 2024 ))	/	Total Assets (Q: Sep. 2024 )
=	(103034	-	247449)	/	280007
=	-0.52

where

	Operating Assets		(Q: Dec. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	286515	-	183481
=	103034

	Operating Liabilities		(Q: Dec. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	253770	-	6321	-	0
=	247449

* 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.

Munchener Ruckversicherungs-Gesellschaft AG Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Munchener Ruckversicherungs-Gesellschaft AG's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Munchener Ruckversicherungs-Gesellschaft AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Munchener Ruckversicherungs-Gesellschaft AG (LTS:0KFE) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MURGY:USA MURGF:USA MUV2:Mexico 1MUV2:Italy MUV2d:UK MUV2:Germany MUVB:Germany MUV2:Germany MUV2:Germany MUVB:Germany MUV2:Germany

Address

Koniginstrasse 107, Munich, BY, DEU, 80802

Website

https://www.munichre.com

Munich Re was founded in 1880 by Carl von Thieme amid a flurry of other reinsurance companies set up independent of primaries. Then, most reinsurers typically focused on a few customers with strong reputations. Thieme focused on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After von Thieme and Wilhelm von Finck founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.

Executives

Nicholas Gartside

Board of Directors