CIC Insurance Group (NAI:CIC) Scaled Net Operating Assets: -0.36 (As of Dec. 2025)

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NAI:CIC CIC Insurance Group Ltd NAI:CIC
75 GF Score
Price KES4.69
GF Value KES3.39
Valuation Significantly Overvalued
! 3 Warning Signs
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What is CIC Insurance Group Scaled Net Operating Assets?

CIC Insurance Group NAI:CIC -3.70% 75 Scaled Net Operating Assets is -0.36 as of Dec. 2025. GuruFocus rates NAI:CIC with a GF Score™ of 75/100 and a GF Value™ of KES3.39 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CIC Insurance Group's operating assets for the quarter that ended in Dec. 2025 was KES34,555 Mil. CIC Insurance Group's operating liabilities for the quarter that ended in Dec. 2025 was KES56,705 Mil. CIC Insurance Group's Total Assets for the quarter that ended in Dec. 2024 was KES61,938 Mil. Therefore, CIC Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.36.

NAI:CIC
75GF Score
CIC Insurance Group Ltd NAI:CIC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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CIC 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.

CIC Insurance Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(58827.569-56704.611)/61937.727
=0.03

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=73747.539 - 14919.97
=58827.569

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61902.213 - 5197.602 - 0
=56704.611

CIC Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Dec. 2024 )
=(34554.649-56704.611)/61937.727
=-0.36

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=73747.539 - 39192.89
=34554.649

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61902.213 - 5197.602 - 0
=56704.611

* 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.

What does a Scaled Net Operating Assets of -0.36 mean?
CIC Insurance Group (NAI:CIC) has a Scaled Net Operating Assets of -0.36 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CIC Insurance Group and its competitors.
Is CIC Insurance Group's Scaled Net Operating Assets too high?
CIC Insurance Group's current Scaled Net Operating Assets is -0.36. Overall, CIC Insurance Group has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CIC Insurance Group's Scaled Net Operating Assets compare to BRK.A and AIG?
CIC Insurance Group's Scaled Net Operating Assets of -0.36 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on CIC Insurance Group and its competitors. CIC Insurance Group's current Scaled Net Operating Assets is -0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIC Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, CIC Insurance Group (NAI:CIC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES3.39, compared to a current price of KES4.69 — trading 38.3% above its estimated fair value. The current Scaled Net Operating Assets is -0.36. CIC Insurance Group's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For CIC Insurance Group (NAI:CIC), the current Scaled Net Operating Assets is -0.36 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CIC Insurance Group (NAI:CIC) Overvalued in 2026?

Based on GuruFocus' analysis, CIC Insurance Group stock appears to be overvalued. The current stock price of KES4.69 is trading 38.3% above its estimated GF Value™ of KES3.39. GuruFocus considers CIC Insurance Group to be Significantly Overvalued.

Key valuation signals for NAI:CIC:

  • Scaled Net Operating Assets: -0.36
  • GF Value™: KES3.39 vs. price of KES4.69 (38.3% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the NAI:CIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CIC Insurance Group Business Description

Address Mara Road, Upper Hill, P.O. Box 59485, CIC Plaza, Nairobi, KEN, 00200
CIC Insurance Group Ltd operates as a Co-operative insurer in Africa, offering insurance and investment services across Kenya, Uganda, South Sudan, and Malawi. Its diverse portfolio includes General Insurance, Life Assurance, Microinsurance, Asset Management and Pharmaceutical services. The Company's reportable segments are long-term business, general insurance business, asset management, and other business. The majority of revenue is derived from the Asset Management segment.
75GF Score

Get the complete analysis for NAI:CIC

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

KES4.69
Price
KES3.39
GF Value