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Co-operators General Insurance Co (TSX:CCS.PR.C.PFD) Scaled Net Operating Assets : 0.24 (As of Mar. 2024)


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What is Co-operators General 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.

Co-operators General Insurance Co's operating assets for the quarter that ended in Mar. 2024 was C$6,928.44 Mil. Co-operators General Insurance Co's operating liabilities for the quarter that ended in Mar. 2024 was C$5,048.65 Mil. Co-operators General Insurance Co's Total Assets for the quarter that ended in Dec. 2023 was C$7,695.67 Mil. Therefore, Co-operators General Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.24.

Co-operators General 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.

Co-operators General 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 )
=(7173.806-5087.359)/7137.501
=0.29

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7695.669 - 521.863
=7173.806

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5120.446 - 21.187 - 11.9
=5087.359

Co-operators General Insurance Co'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 )
=(6928.438-5048.647)/7695.669
=0.24

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=7696.875 - 768.437
=6928.438

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5081.882 - 33.235 - 0
=5048.647

* 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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Co-operators General Insurance Co (TSX:CCS.PR.C.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Co-operators General Insurance Co (TSX:CCS.PR.C.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
TSX:IAG TSX:SLF
Traded in Other Exchanges
N/A
Address
130 Macdonell Street, Guelph, ON, CAN, N1H 6P8
Website
https://www.cooperators.ca
Co-operators General Insurance Co is a Canada based insurance company involved in the Property and casualty insurance operations. It provides diversified, integrated, multi-line insurance, and financial services. The product line of the company consists of insurance such as Home, Auto, Life, Business, Farm, and Travel. The company earns maximum revenue from the premium, and operates only in Canada.