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American Coastal Insurance (American Coastal Insurance) Scaled Net Operating Assets : -0.01 (As of Mar. 2024)


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What is American Coastal Insurance 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.

American Coastal Insurance's operating assets for the quarter that ended in Mar. 2024 was $718.5 Mil. American Coastal Insurance's operating liabilities for the quarter that ended in Mar. 2024 was $724.4 Mil. American Coastal Insurance's Total Assets for the quarter that ended in Dec. 2023 was $1,060.4 Mil. Therefore, American Coastal Insurance's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.01.

American Coastal Insurance 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.

American Coastal Insurance'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 )
=(906.621-742.154)/2837.496
=0.06

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1060.383 - 153.762
=906.621

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=891.618 - 149.464 - 0
=742.154

American Coastal Insurance'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 )
=(718.485-724.443)/1060.383
=-0.01

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1077.311 - 358.826
=718.485

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=873.319 - 148.876 - 0
=724.443

* 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.

American Coastal Insurance Scaled Net Operating Assets Related Terms

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American Coastal Insurance (American Coastal Insurance) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Coastal Insurance Corp (NAS:ACIC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
0UI:Germany
Address
800 2nd Avenue South, Saint Petersburg, FL, USA, 33701
Website
https://www.amcoastal.com
American Coastal Insurance Corp is a holding company that underwrites commercial residential property and casualty insurance policies in the United States through its wholly-owned insurance subsidiary.
Executives
Patrick Maroney director 800 2ND AVE S, ST PETERSBURG FL 33701
Kern Michael Davis 10 percent owner 6334 BAHAMA SHORES DR, S, ST. PETERSBURG FL 33705
Hood Iii William H. 10 percent owner 3962 TARIAN CT, PALM HARBOR FL 34684
Alec Ii Poitevint director 360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Christopher Griffith officer: Chief Information Officer 800 2ND AVE S, ST PETERSBURG FL 33701
Kent G Whittemore director 360 CENTRAL AVENUE, SUITE 900, SAINT PETERSBURG FL 33701
Brad Martz officer: Chief Financial Officer C/O UNITED INSURANCE HOLDINGS CORP., 360 CENTRAL AVE., SUITE 900, ST. PETERSBURG FL 33701
Sherrill W Hudson director 201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Michael Hogan director 1359 21ST AVENUE N., SUITE 105, MYRTLE BEACH SC 29577
Gregory C Branch director, 10 percent owner, other: Chairman of the Board 360 CENTRAL AVENUE, SUITE 900, SAINT PETERBURG FL 33701
Brooke Shirazi officer: Chief Underwriting Officer 800 2ND AVE S, ST. PETERSBURG FL 33701
John Scott St officer: Chief Claims Officer 800 2ND AVE S, ST PETERSBURG FL 33701
Brooke Adler officer: Chief Legal Officer 800 2ND AVE S, ST PETERSBURG FL 33701
Alycia Weigley officer: Chief Talent Officer 800 2ND AVE S, ST. PETERSBURG FL 33701
Christian Dittman officer: Chief Risk Officer 800 2ND AVE S, ST PETERSBURG FL 33701