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Vericity (STU:2TE) Scaled Net Operating Assets : 0.08 (As of Mar. 2024)


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What is Vericity 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.

Vericity's operating assets for the quarter that ended in Mar. 2024 was €682.0 Mil. Vericity's operating liabilities for the quarter that ended in Mar. 2024 was €619.0 Mil. Vericity's Total Assets for the quarter that ended in Dec. 2023 was €754.5 Mil. Therefore, Vericity's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.08.

Vericity 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.

Vericity'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 )
=(747.148-608.517)/726.954
=0.19

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=754.524 - 7.376
=747.148

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=653.459 - 36.461 - 8.481
=608.517

Vericity'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 )
=(682.03-619.038)/754.524
=0.08

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=761.147 - 79.117
=682.03

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=666.196 - 35.22 - 11.938
=619.038

* 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.

Vericity Scaled Net Operating Assets Related Terms

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Vericity (STU:2TE) Business Description

Industry
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Traded in Other Exchanges
VERY:USA
Address
1350 E Touhy Avenue, Suite 205W, Des Plaines, IL, USA, 60018
Website
https://www.vericity.com
Vericity Inc, along with its subsidiaries, offers life insurance products to the middle American market. It operates through three segments namely Agency, Insurance, and Corporate. The Agency segment includes the insurance distribution operations of the company and includes commission revenue from the sale of Fidelity Life products. The Insurance segment, which is the key revenue generating segment, is composed of three broad lines consisting of Direct Life, Closed Block, and Assumed Life and Annuities.