SIC Insurance Co (XGHA:SIC) Tax Rate % : 17.83% (As of Dec. 2021)

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What is SIC Insurance Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. SIC Insurance Co's Tax Expense for the three months ended in Dec. 2021 was GHS10.8 Mil. SIC Insurance Co's Pre-Tax Income for the three months ended in Dec. 2021 was GHS60.4 Mil. Therefore, SIC Insurance Co's Tax Rate % for the quarter that ended in Dec. 2021 was 17.83%.

SIC Insurance Co Tax Rate % Historical Data

The historical data trend for SIC Insurance Co's Tax Rate % 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.

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SIC Insurance Co Tax Rate % Chart

SIC Insurance Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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28.30

30.16

48.60

20.28

35.61

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
Tax Rate %	Get a 7-Day Free Trial															30.00	30.77	30.02	17.83	-

SIC Insurance Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

SIC Insurance Co's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	9.99	/	28.05
	=	35.61 %

SIC Insurance Co's Tax Rate % for the quarter that ended in Dec. 2021 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2021 )	/	Pre-Tax Income (Q: Dec. 2021 )
	=	10.772	/	60.425
	=	17.83 %

SIC Insurance Co Tax Rate % Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SIC Insurance Co Ltd (XGHA:SIC) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA

Website

https://www.sic-gh.com

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.