HiscoxLSE:HSX -0.43%73 Pretax Margin % is 21.24% as of Dec. 2025, which is 174% above its 10-year median of 7.74. GuruFocus rates LSE:HSX with a GF Score™ of 73/100 and a GF Value™ of £14.66 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 506 Insurance companies, Hiscox ranks better than 70.95% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Hiscox's Pre-Tax Income for the
six
months ended in Dec. 2025 was £341 Mil. Hiscox's Revenue for the
six
months ended in Dec. 2025 was £1,604 Mil. Therefore, Hiscox's pretax margin for the quarter that ended in Dec. 2025 was 21.24%.
The historical rank and industry rank for Hiscox's Pretax Margin % or its related term are showing as below:
LSE:HSX'
s Pretax Margin % Range Over the Past 10 Years
Min: -8.26 Med: 7.74 Max: 18.65
Current: 18.57
LSE:HSX's Pretax Margin % is ranked better than 70.95% of 506
companies
in the Insurance industry
Industry Median: 12.02
vs LSE:HSX: 18.57
Hiscox (LSE:HSX) 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.
Hiscox Pretax Margin % Related Terms
Hiscox Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Hiscox'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.
LSE:HSX vs CB, PGR, TRV: Pretax Margin % Comparison
For the Insurance - Property & Casualty subindustry, Hiscox'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.
Hiscox Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Hiscox's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Hiscox's Pretax Margin % falls into.
* 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.
Hiscox (LSE:HSX) has a Pretax Margin % of 21.24% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Hiscox and its competitors. This is 174% above median its historical median of 7.74. According to the industry distribution chart, Hiscox ranks #147 out of 506 companies in the Insurance industry, placing it in the top 29.1%.
Is Hiscox's Pretax Margin % too high?
Hiscox's current Pretax Margin % of 21.24% is 174% above median its 10-year median of 7.74. The Insurance industry median Pretax Margin % is 12.02. Hiscox's value of 21.24% is 76.7% above this industry median. Based on the distribution chart, Hiscox ranks #147 out of 506 companies in the Insurance industry, which is above the industry midpoint. Overall, Hiscox has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiscox's Pretax Margin % compare to CB and PGR?
According to the Insurance industry distribution chart, Hiscox ranks #147 out of 506 companies for Pretax Margin %. This puts Hiscox in the upper half of its industry. The industry median Pretax Margin % is 12.02. Hiscox's value of 21.24% is 76.7% above this benchmark. While the company's 10-year median is 7.74 vs. the industry median of 12.02, Hiscox has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Insurance company?
The median Pretax Margin % among Insurance companies is 12.02, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hiscox's current Pretax Margin % of 21.24% is 76.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Hiscox and its competitors. For the Insurance industry, the median Pretax Margin % is 12.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiscox's current Pretax Margin % is 21.24%, which is 174% above median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiscox stock overvalued right now?
Based on GuruFocus' analysis, Hiscox (LSE:HSX) is currently considered Modestly Overvalued. The stock's GF Value™ is £14.66, compared to a current price of £18.49 — trading 26.1% above its estimated fair value. The current Pretax Margin % is 21.24%, which is 174% above median its 10-year median of 7.74 and 76.7% above the Insurance industry median of 12.02. Hiscox's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Hiscox (LSE:HSX), the current Pretax Margin % is 21.24% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hiscox (LSE:HSX) Overvalued in 2026?
Based on GuruFocus' analysis, Hiscox stock appears to be overvalued.
The current stock price of £18.49 is trading 26.1% above its estimated GF Value™ of £14.66.
GuruFocus considers Hiscox to be Modestly Overvalued.
Key valuation signals for LSE:HSX:
Pretax Margin %: 21.24% (174% above median its 10-year median of 7.74)
GF Value™: £14.66 vs. price of £18.49 (26.1% above fair value)
Industry Position: 76.7% above the Insurance median (#147 of 506)
No single metric tells the full story. See the LSE:HSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiscox Ltd is a property and casualty insurance company. The company aims to balance catastrophe-exposed businesses with less volatile local specialty businesses. Its product offerings include property, casualty, crisis management (covering terrorism and kidnap and ransom), marine, energy, and specialty areas like space insurance. The company's operating segments consist of Hiscox Retail, Hiscox London Market, Hiscox Re, and Other. The majority of the revenue is generated from its Hiscox Retail segment, which represents retail business divisions in the UK, Europe, the USA, and Asia. Geographically, the company earns insurance revenue from places like the United States, which generates key revenue, as well as the United Kingdom, Europe, and other regions.
73GF Score
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