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Solidarity Bahrain BSC (BAH:SOLID) Pretax Margin % : 15.03% (As of Mar. 2024)


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What is Solidarity Bahrain BSC Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Solidarity Bahrain BSC's Pre-Tax Income for the three months ended in Mar. 2024 was BHD1.55 Mil. Solidarity Bahrain BSC's Revenue for the three months ended in Mar. 2024 was BHD10.34 Mil. Therefore, Solidarity Bahrain BSC's pretax margin for the quarter that ended in Mar. 2024 was 15.03%.

The historical rank and industry rank for Solidarity Bahrain BSC's Pretax Margin % or its related term are showing as below:

BAH:SOLID' s Pretax Margin % Range Over the Past 10 Years
Min: -13.54   Med: 15.37   Max: 24.81
Current: 16.14


BAH:SOLID's Pretax Margin % is ranked better than
66.73% of 490 companies
in the Insurance industry
Industry Median: 10.375 vs BAH:SOLID: 16.14

Solidarity Bahrain BSC Pretax Margin % Historical Data

The historical data trend for Solidarity Bahrain BSC'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.

Solidarity Bahrain BSC Pretax Margin % Chart

Solidarity Bahrain BSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.07 17.21 18.72 14.67 16.41

Solidarity Bahrain BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 9.94 15.77 15.02 18.99 15.03

Competitive Comparison of Solidarity Bahrain BSC's Pretax Margin %

For the Insurance - Diversified subindustry, Solidarity Bahrain BSC'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.


Solidarity Bahrain BSC's Pretax Margin % Distribution in the Insurance Industry

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

* The bar in red indicates where Solidarity Bahrain BSC's Pretax Margin % falls into.



Solidarity Bahrain BSC 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.

Solidarity Bahrain BSC's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=5.21/31.747
=16.41 %

Solidarity Bahrain BSC's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=1.554/10.339
=15.03 %

* 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.


Solidarity Bahrain BSC  (BAH:SOLID) 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.


Solidarity Bahrain BSC Pretax Margin % Related Terms

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Solidarity Bahrain BSC (BAH:SOLID) Business Description

Traded in Other Exchanges
N/A
Address
Road 2825, Block 428, PO Box 5282, Flat 71, Building 2080, 7th Floor, Seef Tower, Manama, BHR
Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides home protection plans, motor insurance, personal accident, medical insurance, travel insurance, yacht and pleasure boat insurance, and other products. It operates in the following business segments: i) Non-motor which includes fire, marine, general accident, liability, Aviation, and engineering lines of business, ii) Motor, iii) Medical iv) Group Life which includes group life and credit life business, and v) Family Takaful which includes long-term decreasing term and level term business.

Solidarity Bahrain BSC (BAH:SOLID) Headlines

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