Hannover Rueck SE (WBO:HNR1) Scaled Net Operating Assets : -0.63 (As of Sep. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Hannover Rueck SE 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.

Hannover Rueck SE's operating assets for the quarter that ended in Sep. 2024 was €15,135 Mil. Hannover Rueck SE's operating liabilities for the quarter that ended in Sep. 2024 was €58,283 Mil. Hannover Rueck SE's Total Assets for the quarter that ended in Jun. 2024 was €68,224 Mil. Therefore, Hannover Rueck SE's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.63.

Hannover Rueck SE 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.

Hannover Rueck SE'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 )
=	(65432.5	-	50592.4)	/	62959.2
=	0.24

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	66487.3	-	1054.8
=	65432.5

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	55467.8	-	4875.4	-	0
=	50592.4

Hannover Rueck SE'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 )
=	(15135.2	-	58282.9)	/	68223.8
=	-0.63

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	70299.1	-	55163.9
=	15135.2

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	58282.9	-	0	-	0
=	58282.9

* 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.

Hannover Rueck SE Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Hannover Rueck SE's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Hannover Rueck SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hannover Rueck SE (WBO:HNR1) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

HVRRY:USA HNR1d:UK 0M9A:UK HNR1:Germany

Address

Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625

Website

https://www.hannover-re.com

Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftpflichtverband founded Eisen- und Stahl-Industrie to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftpflichtverband, and Aktiengesellschaft für Transport und- Rückversicherung was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx in January 2019. Hannover was listed in the 1990s on the Frankfurt Stock Exchange.