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RLI (STU:RL1) Scaled Net Operating Assets : 0.10 (As of Mar. 2024)


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What is RLI 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.

RLI's operating assets for the quarter that ended in Mar. 2024 was €3,916 Mil. RLI's operating liabilities for the quarter that ended in Mar. 2024 was €3,420 Mil. RLI's Total Assets for the quarter that ended in Dec. 2023 was €4,750 Mil. Therefore, RLI's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.10.

RLI 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.

RLI'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 )
=(4716.862-3270.67)/4500.112
=0.32

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4750.263 - 33.401
=4716.862

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3454.07 - 91.7 - 91.7
=3270.67

RLI'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 )
=(3915.715-3420.244)/4750.263
=0.10

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4911.336 - 995.621
=3915.715

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3512.244 - 92 - 0
=3420.244

* 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.

RLI Scaled Net Operating Assets Related Terms

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RLI (STU:RL1) Business Description

Industry
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Traded in Other Exchanges
RLI:USA
Address
9025 North Lindbergh Drive, Peoria, IL, USA, 61615
Website
https://www.rlicorp.com
RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include casualty, property, and surety and it derives a majority of its revenue from the Casualty segment.