Allied Cooperative Insurance Group (SAU:8150) Scaled Net Operating Assets : 0.17 (As of Mar. 2024)

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What is Allied Cooperative Insurance 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.

Allied Cooperative Insurance Group's operating assets for the quarter that ended in Mar. 2024 was ﷼777.7 Mil. Allied Cooperative Insurance Group's operating liabilities for the quarter that ended in Mar. 2024 was ﷼620.1 Mil. Allied Cooperative Insurance Group's Total Assets for the quarter that ended in Dec. 2023 was ﷼929.6 Mil. Therefore, Allied Cooperative Insurance Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.17.

Allied Cooperative 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.

Allied Cooperative Insurance 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 )
=	(787.921	-	674.863)	/	762.789
=	0.15

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	929.554	-	141.633
=	787.921

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	675.211	-	0.348	-	0
=	674.863

Allied Cooperative Insurance Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2024 )
=	(Operating Assets (Q: Mar. 2024 )	-	Operating Liabilities (Q: Mar. 2024 ))	/	Total Assets (Q: Dec. 2023 )
=	(777.667	-	620.073)	/	929.554
=	0.17

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	907.621	-	129.954
=	777.667

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	628.284	-	8.211	-	0
=	620.073

* 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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Allied Cooperative Insurance Group (SAU:8150) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Turki bin Abdulaziz Al-Awal Road, P.O. Box 40523, Unit No. 2171, Hittin District, Riyadh, SAU, 11511

Website

https://www.acig.com.sa

Allied Cooperative Insurance Group is a Saudi Arabia based insurance company. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The operating segment of the company are Medical Insurance, Motor Insurance and General Accident Insurance segments. Medical segment provides compensation to policy holders for expenses incurred in treatment of a disease, illness or injury. Motor provides coverage against losses and liability related to motor vehicles. Other includes property, marine, aviation, accident and liability categories. It earns a vast majority of revenues from the motor insurance segment.