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HCI Group (FRA:0H5) Scaled Net Operating Assets : -0.17 (As of Mar. 2024)


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What is HCI Group 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.

HCI Group's operating assets for the quarter that ended in Mar. 2024 was €833.5 Mil. HCI Group's operating liabilities for the quarter that ended in Mar. 2024 was €1,111.1 Mil. HCI Group's Total Assets for the quarter that ended in Dec. 2023 was €1,661.0 Mil. Therefore, HCI Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.17.

HCI Group 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.

HCI Group'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 )
=(1169.027-1080.307)/1702.342
=0.05

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1660.977 - 491.95
=1169.027

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1272.788 - 191.188 - 1.293
=1080.307

HCI Group'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 )
=(833.47-1111.05)/1660.977
=-0.17

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1694.303 - 860.833
=833.47

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1328.263 - 169.964 - 47.249
=1111.05

* 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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HCI Group (FRA:0H5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » HCI Group Inc (FRA:0H5) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
HCI:USA
Address
3802 Coconut Palm Drive, Tampa, FL, USA, 33619
Website
https://www.hcigroup.com
HCI Group Inc is primarily engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.