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SIC Insurance Co (XGHA:SIC) Pretax Margin % : 69.45% (As of Dec. 2021)


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What is SIC Insurance Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. SIC Insurance Co's Pre-Tax Income for the three months ended in Dec. 2021 was GHS60.4 Mil. SIC Insurance Co's Revenue for the three months ended in Dec. 2021 was GHS87.0 Mil. Therefore, SIC Insurance Co's pretax margin for the quarter that ended in Dec. 2021 was 69.45%.

The historical rank and industry rank for SIC Insurance Co's Pretax Margin % or its related term are showing as below:


XGHA:SIC's Pretax Margin % is not ranked *
in the Insurance industry.
Industry Median: 10.375
* Ranked among companies with meaningful Pretax Margin % only.

SIC Insurance Co Pretax Margin % Historical Data

The historical data trend for SIC Insurance Co's Pretax Margin % can be seen below:

* 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.

* Premium members only.

SIC Insurance Co Pretax Margin % Chart

SIC Insurance Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.90 10.47 17.25 35.12 11.23

SIC Insurance Co Quarterly Data
Dec15 Dec16 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.81 0.03 4.14 69.45 -

Competitive Comparison of SIC Insurance Co's Pretax Margin %

For the Insurance - Property & Casualty subindustry, SIC Insurance Co's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SIC Insurance Co's Pretax Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, SIC Insurance Co's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where SIC Insurance Co's Pretax Margin % falls into.



SIC Insurance Co Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

SIC Insurance Co's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2022 )/Revenue (A: Dec. 2022 )
=28.05/249.675
=11.23 %

SIC Insurance Co's Pretax Margin for the quarter that ended in Dec. 2021 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2021 )/Revenue (Q: Dec. 2021 )
=60.425/87.005
=69.45 %

* 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.


SIC Insurance Co  (XGHA:SIC) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


SIC Insurance Co Pretax Margin % Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

Traded in Other Exchanges
N/A
Address
28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA
SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.

SIC Insurance Co (XGHA:SIC) Headlines