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Kenya Reinsurance (NAI:KNRE) Scaled Net Operating Assets : 0.54 (As of Jun. 2024)


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What is Kenya Reinsurance 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.

Kenya Reinsurance's operating assets for the quarter that ended in Jun. 2024 was KES52,673 Mil. Kenya Reinsurance's operating liabilities for the quarter that ended in Jun. 2024 was KES16,766 Mil. Kenya Reinsurance's Total Assets for the quarter that ended in Dec. 2023 was KES65,978 Mil. Therefore, Kenya Reinsurance's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.54.

Kenya Reinsurance 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.

Kenya Reinsurance'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 )
=(47891.527-17803.23)/57451.743
=0.52

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=65978.015 - 18086.488
=47891.527

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=17803.23 - 0 - 0
=17803.23

Kenya Reinsurance'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 )
=(52672.819-16766.036)/65978.015
=0.54

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=65677.56 - 13004.741
=52672.819

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=16781.55 - 15.514 - 0
=16766.036

* 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.

Kenya Reinsurance Scaled Net Operating Assets Related Terms

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Kenya Reinsurance Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kenya Reinsurance Corp (NAI:KNRE) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
Taifa Road, P.O. Box 30721, 15th Floor, Reinsurance Plaza, Nairobi, KEN, 00100
Website
https://www.kenyare.co.ke
Kenya Reinsurance Corp operates in the insurance sector. Along with its subsidiaries, the firm provides underwriting of all classes of reinsurance business and investment activities. It operates in two segments: e long-term business and short-term business. Its short-term business segment comprises motor, marine, aviation, fire, and accident insurance, and its long-term business segment includes individual and group life insurance.