Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
National Insurance CoXPAE:NIC 73 Pretax Margin % is 3.19% as of Jun. 2026, which is 74% below its 10-year median of 12.21. GuruFocus rates XPAE:NIC with a GF Score™ of 73/100 and a GF Value™ of $3.77 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 495 Insurance companies, National Insurance Co ranks worse than 60.61% on this metric.
National Insurance Co (XPAE:NIC) 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.
National Insurance Co Pretax Margin % Related Terms
National Insurance Co Pretax Margin % Historical Data
* Premium members only.
The historical data trend for National 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.
XPAE:NIC vs BRK.A, AIG, HIG: Pretax Margin % Comparison
For the Insurance - Diversified subindustry, National 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.
National Insurance Co Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, National Insurance Co's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where National Insurance Co'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.
National Insurance Co (XPAE:NIC) has a Pretax Margin % of 3.19% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on National Insurance Co and its competitors. This is 74% below median its historical median of 12.21. Over the past decade, National Insurance Co's Pretax Margin % has ranged from 2.12 to 18.80. According to the industry distribution chart, National Insurance Co ranks #300 out of 495 companies in the Insurance industry, placing it in the top 60.6%.
Is National Insurance Co's Pretax Margin % too high?
National Insurance Co's current Pretax Margin % of 3.19% is 74% below median its 10-year median of 12.21. Over the past 10 years, this metric has ranged from a low of 2.12 to a high of 18.80. The Insurance industry median Pretax Margin % is 12.32. National Insurance Co's value of 3.19% is 74.1% below this industry median. Based on the distribution chart, National Insurance Co ranks #300 out of 495 companies in the Insurance industry, which is below the industry midpoint. Overall, National Insurance Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Insurance Co's Pretax Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, National Insurance Co ranks #300 out of 495 companies for Pretax Margin %. This places National Insurance Co in the lower half of its industry. The industry median Pretax Margin % is 12.32. National Insurance Co's value of 3.19% is 74.1% below this benchmark. Historically, National Insurance Co's own Pretax Margin % has ranged from 2.12 to 18.80 over the past decade. While the company's 10-year median is 12.21 vs. the industry median of 12.32, National Insurance Co has consistently been below 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 12.32, based on 495 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. National Insurance Co's current Pretax Margin % of 3.19% is 74.1% below 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 National Insurance Co and its competitors. For the Insurance industry, the median Pretax Margin % is 12.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Insurance Co's current Pretax Margin % is 3.19%, which is 74% below median its own 10-year median of 12.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, National Insurance Co (XPAE:NIC) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.77, compared to a current price of $2.95 — trading 21.8% below its estimated fair value. The current Pretax Margin % is 3.19%, which is 74% below median its 10-year median of 12.21 and 74.1% below the Insurance industry median of 12.32. National Insurance Co's overall GF Score™ is 73/100 with 3 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 National Insurance Co (XPAE:NIC), the current Pretax Margin % is 3.19% as of Jun. 2026. 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 National Insurance Co (XPAE:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, National Insurance Co stock appears to be undervalued.
The current stock price of $2.95 is trading 21.8% below its estimated GF Value™ of $3.77.
GuruFocus considers National Insurance Co to be Modestly Undervalued.
Key valuation signals for XPAE:NIC:
Pretax Margin %: 3.19% (74% below median its 10-year median of 12.21)
GF Value™: $3.77 vs. price of $2.95 (21.8% below fair value)
Industry Position: 74.1% below the Insurance median (#300 of 495)
No single metric tells the full story. See the XPAE:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XPAE:NIC has been successfully added to your 
