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Universal Insurance Holdings (Universal Insurance Holdings) Scaled Net Operating Assets : -0.01 (As of Dec. 2023)


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What is Universal Insurance Holdings 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.

Universal Insurance Holdings's operating assets for the quarter that ended in Dec. 2023 was $1,825 Mil. Universal Insurance Holdings's operating liabilities for the quarter that ended in Dec. 2023 was $1,859 Mil. Universal Insurance Holdings's Total Assets for the quarter that ended in Sep. 2023 was $2,559 Mil. Therefore, Universal Insurance Holdings's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.01.

Universal Insurance Holdings 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.

Universal Insurance Holdings'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 )
=(1919.255-1858.661)/2890.154
=0.02

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2316.561 - 397.306
=1919.255

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1975.264 - 102.006 - 14.597
=1858.661

Universal Insurance Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(1824.995-1858.661)/2558.855
=-0.01

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2316.561 - 491.566
=1824.995

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1975.264 - 102.006 - 14.597
=1858.661

* 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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Universal Insurance Holdings (Universal Insurance Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Universal Insurance Holdings Inc (NYSE:UVE) » Definitions » Scaled Net Operating Assets
Comparable Companies
UFCS PRA ACIC DGICA GBLI HGTY HRTG NODK ROOT DOMA PGR CB TSE:8766 TRV ALL HIG HKSE:02328 TSX:IFC TSE:8725 HKSE:01339
Traded in Other Exchanges
5UI:Germany
Address
1110 West Commercial Boulevard, Fort Lauderdale, FL, USA, 33309
Website
https://www.universalinsuranceholdings.com
Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.
Executives
Sean P Downes director 2875 N.E. 191ST, SUITE 300, MIAMI FL 33180
Stephen Donaghy director, officer: CEO UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Michael Pietrangelo director 6410 POPLAR AVE, STE 190, MIMPHIS TN 38119
Gary Lloyd Ropiecki officer: Principal Accounting Officer 1110 W. COMMERCIAL BLVD., FORT LAUDERDALE FL 33309
Jon Springer director, officer: President and CRO UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Shannon A Brown director 1001 TILLMAN STREET, MEMPHIS TN 38112
Mccahill Francis Xavier Iii director 1314 SOUTH RAMONA AVENUE, INDIALANTIC FL 32903
Scott P. Callahan director 1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309
Joel Wilentz director 5811 SW 33RD TERR, FORT LAUDERDALE FL 33312
Ozzie A Schindler director 1451 STILLWATER DRIVE, MIAMI BEACH FL 33141-1031
Richard D Peterson director 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Marlene Gordon director C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134
Frank Wilcox officer: CFO, Principal Acct. Officer 1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309
Kimberly D Campos director, officer: CIO & CAO 1110 WEST COMMERCIAL BOULEVARD, SUITE 100, FORT LAUDERDALE FL 33309
Ralph J. Palmieri director 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309