Liva Insurance Co (SAU:8280) Scaled Net Operating Assets : 0.34 (As of Sep. 2024)

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What is Liva Insurance Co 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.

Liva Insurance Co's operating assets for the quarter that ended in Sep. 2024 was ﷼722.4 Mil. Liva Insurance Co's operating liabilities for the quarter that ended in Sep. 2024 was ﷼444.5 Mil. Liva Insurance Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼816.4 Mil. Therefore, Liva Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.34.

Liva Insurance Co 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.

Liva Insurance Co'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 )
=	(734.257	-	448.693)	/	790.444
=	0.36

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	838.685	-	104.428
=	734.257

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	448.693	-	0	-	0
=	448.693

Liva Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(722.396	-	444.546)	/	816.385
=	0.34

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	856.503	-	134.107
=	722.396

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	444.546	-	0	-	0
=	444.546

* 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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Liva Insurance Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

8428 King Fahad Road, P.O. Box 6393, Grand Tower, Floor 20, Al Muhammadiyah District, Riyadh, SAU, 11442

Website

https://www.alalamiya.sa

Liva Insurance Co formerly, Al Alamiya for Cooperative Insurance Co operates in the insurance industry. The activities of the company are to transact cooperative insurance and reinsurance operations. The company offers products in the segments of Property insurance; Motor insurance; Engineering; Medical products; Marine insurance; Group life insurance and others, of which key revenue is derived from the Motor insurance segment which provides coverage against losses and liability related to motor vehicles, excluding transport insurance. The company's objectives are also focused on practicing cooperative insurance business and all related businesses such as reinsurance, agencies, representation and correspondence.