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Sun Life Financial (TSX:SLF.PR.H.PFD) Scaled Net Operating Assets : 0.02 (As of Sep. 2024)


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What is Sun Life Financial 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.

Sun Life Financial's operating assets for the quarter that ended in Sep. 2024 was C$335,221.00 Mil. Sun Life Financial's operating liabilities for the quarter that ended in Sep. 2024 was C$328,947.00 Mil. Sun Life Financial's Total Assets for the quarter that ended in Jun. 2024 was C$344,516.00 Mil. Therefore, Sun Life Financial's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.02.

Sun Life Financial 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.

Sun Life Financial'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 )
=(322071-295764)/323608
=0.08

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=333241 - 11170
=322071

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=309041 - 10947 - 2330
=295764

Sun Life Financial'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 )
=(335221-328947)/344516
=0.02

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=361252 - 26031
=335221

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=335324 - 6377 - 0
=328947

* 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.

Sun Life Financial Scaled Net Operating Assets Related Terms

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Sun Life Financial Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sun Life Financial Inc (TSX:SLF.PR.H.PFD) » Definitions » Scaled Net Operating Assets
Comparable Companies
TSX:IAG TSX:BNT BRK.A XTER:ALV XSWX:ZURN XPAR:CS AIG MIL:G ACGL XSWX:SLHN OHEL:SAMPO XTER:TLX LSE:AV. EQH OCSE:TRYG XAMS:NN BSP:BBSE3 BOM:540716 XAMS:AGN XAMS:ASRNL
Traded in Other Exchanges
SUNFF.PFD:USA SLF:USA SLF:Philippines 0VJA:UK LIE:Germany LIE:Germany SLF.PR.K.PFD:Canada SLF.PR.J.PFD:Canada SLF.PR.G.PFD:Canada SLF.PR.E.PFD:Canada SLF.PR.D.PFD:Canada SLF.PR.C.PFD:Canada SLF:Canada
Address
1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6
Website
https://www.sunlife.com
Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 30% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the fourth quarter of 2023. The Canada business contributes about 35% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributed approximately 22% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 13% of earnings.