SSREF (Swiss Re AG) Scaled Net Operating Assets: -0.43 (As of Dec. 2025)


SSREF Swiss Re AG SSREF
67 GF Score
Price $158.02
GF Value $134.07
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Swiss Re AG Scaled Net Operating Assets?

Swiss Re AG SSREF +2.90% 67 Scaled Net Operating Assets is -0.43 as of Dec. 2025. GuruFocus rates SSREF with a GF Score™ of 67/100 and a GF Value™ of $134.07 (Modestly Overvalued). The stock has 2 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.

Swiss Re AG's operating assets for the quarter that ended in Dec. 2025 was $42,085 Mil. Swiss Re AG's operating liabilities for the quarter that ended in Dec. 2025 was $99,731 Mil. Swiss Re AG's Total Assets for the quarter that ended in Jun. 2025 was $135,341 Mil. Therefore, Swiss Re AG's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.43.

SSREF
67GF Score
Swiss Re AG SSREF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Swiss Re 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.

Swiss Re AG'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 )
=(131264-99731)/127229
=0.25

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=134007 - 2743
=131264

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=108268 - 8537 - 0
=99731

Swiss Re AG'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: Jun. 2025 )
=(42085-99731)/135341
=-0.43

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=134007 - 91922
=42085

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=108268 - 8537 - 0
=99731

* 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 -0.43 mean?
Swiss Re AG (SSREF) has a Scaled Net Operating Assets of -0.43 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 Swiss Re AG and its competitors.
Is Swiss Re AG's Scaled Net Operating Assets too high?
Swiss Re AG's current Scaled Net Operating Assets is -0.43. Overall, Swiss Re AG has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Swiss Re AG's Scaled Net Operating Assets compare to RGA and EG?
Swiss Re AG's Scaled Net Operating Assets of -0.43 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 Swiss Re AG and its competitors. Swiss Re AG's current Scaled Net Operating Assets is -0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Re AG stock overvalued right now?
Based on GuruFocus' analysis, Swiss Re AG (SSREF) is currently considered Modestly Overvalued. The stock's GF Value™ is $134.07, compared to a current price of $158.02 — trading 17.9% above its estimated fair value. The current Scaled Net Operating Assets is -0.43. Swiss Re AG's overall GF Score™ is 67/100 with 2 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 Swiss Re AG (SSREF), the current Scaled Net Operating Assets is -0.43 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 Swiss Re AG (SSREF) Overvalued in 2026?

Based on GuruFocus' analysis, Swiss Re AG stock appears to be overvalued. The current stock price of $158.02 is trading 17.9% above its estimated GF Value™ of $134.07. GuruFocus considers Swiss Re AG to be Modestly Overvalued.

Key valuation signals for SSREF:

  • Scaled Net Operating Assets: -0.43
  • GF Value™: $134.07 vs. price of $158.02 (17.9% above fair value)
  • GF Score™: 67/100 with 2 warning signs

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

Swiss Re AG Business Description

Address Mythenquai 50/60, Zurich, CHE, 8022
Swiss Re is a reinsurer that has three core divisions: P&C reinsurance, life and health reinsurance, and corporate solutions. Swiss Re was founded in 1863 when the general manager of Helvetia sought to stem the flow of reinsurance premiums outside Switzerland. Moritz Grossmann argued he could cut the premiums paid to foreign firms, still make a profit, and pay mid-single-digit dividends. Swiss Re is now the second-largest reinsurer in the world by market capitalization, with 80 offices around the world and approximately 15,000 employees. While the business did lose its way in the early part of the millennium, led by an investment banker who heavily invested in securitizations, Swiss Re has recently focused on establishing quality within its three core divisions.
67GF Score

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

$158.02
Price
$134.07
GF Value