Cincinnati Financial (LTS:0HYE) Scaled Net Operating Assets : 0.36 (As of Mar. 2024)

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What is Cincinnati 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.

Cincinnati Financial's operating assets for the quarter that ended in Mar. 2024 was $32,145 Mil. Cincinnati Financial's operating liabilities for the quarter that ended in Mar. 2024 was $20,200 Mil. Cincinnati Financial's Total Assets for the quarter that ended in Dec. 2023 was $32,769 Mil. Therefore, Cincinnati Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.36.

Cincinnati 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.

Cincinnati 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 )
=	(31862	-	19797)	/	29732
=	0.41

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	32769	-	907
=	31862

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	20671	-	849	-	25
=	19797

Cincinnati Financial'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 )
=	(32145	-	20200)	/	32769
=	0.36

where

	Operating Assets		(Q: Mar. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	33727	-	1582
=	32145

	Operating Liabilities		(Q: Mar. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	21073	-	848	-	25
=	20200

* 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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Cincinnati Financial (LTS:0HYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cincinnati Financial Corp (LTS:0HYE) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

CINF:USA CCJ:Germany

Address

6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141

Website

https://www.cinfin.com

Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.