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Zurich Insurance Group AG (MEX:ZURN) Scaled Net Operating Assets : -0.22 (As of Jun. 2024)


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What is Zurich Insurance Group 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.

Zurich Insurance Group AG's operating assets for the quarter that ended in Jun. 2024 was MXN4,495,020 Mil. Zurich Insurance Group AG's operating liabilities for the quarter that ended in Jun. 2024 was MXN5,841,566 Mil. Zurich Insurance Group AG's Total Assets for the quarter that ended in Dec. 2023 was MXN6,134,188 Mil. Therefore, Zurich Insurance Group AG's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was -0.22.

Zurich Insurance Group 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.

Zurich Insurance Group AG'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 )
=(6010615.162-5425784.421)/6539192.357
=0.09

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6134187.687 - 123572.525
=6010615.162

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5688121.424 - 253849.879 - 8487.124
=5425784.421

Zurich Insurance Group AG's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Dec. 2023 )
=(4495020.476-5841566.368)/6134187.687
=-0.22

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6556361.827 - 2061341.351
=4495020.476

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=6088008.394 - 241000.955 - 5441.071
=5841566.368

* 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.

Zurich Insurance Group AG Scaled Net Operating Assets Related Terms

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Zurich Insurance Group AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Zurich Insurance Group AG (MEX:ZURN) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
ZURVY:USA ZFSVF:USA ZURNz:UK 0QP2:UK ZFI1:Germany ZURNE:Switzerland ZURN:Switzerland
Address
Mythenquai 2, Corporate Center, Zurich, CHE, 8002
Website
https://www.zurich.com
Zurich is a multiline insurer that writes business across both life and nonlife insurance and also owns Farmers Management Services. The company was founded in 1872 as a marine reinsurer to provide reinsurance to its parent company. Zurich subsequently expanded into transport and accident insurance and then rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling, which would be damaging to both customers and Zurich. Over the years, Zurich has sought to combine customer goodwill through claims and a sufficient premium. Zurich is one of the most successful European insurers.