Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NICO Holdings's retained earnings for the quarter that ended in Dec. 2025 was MWK276,899 Mil.
NICO Holdings's quarterly retained earnings
increased
from Dec. 2022 (MWK61,935 Mil) to Dec. 2024 (MWK143,544 Mil) and
increased
from Dec. 2024 (MWK143,544 Mil) to Dec. 2025 (MWK276,899 Mil).
NICO Holdings's annual retained earnings
increased
from Dec. 2022 (MWK61,935 Mil) to Dec. 2024 (MWK143,544 Mil) and
increased
from Dec. 2024 (MWK143,544 Mil) to Dec. 2025 (MWK276,899 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
NICO Holdings Retained Earnings Historical Data
* Premium members only.
The historical data trend for NICO Holdings's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of MWK276,899 Mil mean?
NICO Holdings (MSW:NICO) has a Retained Earnings of MWK276,899 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on NICO Holdings and its competitors.
Is NICO Holdings' Retained Earnings too high?
NICO Holdings' current Retained Earnings is MWK276,899 Mil. Overall, NICO Holdings has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' Retained Earnings compare to BRK.A and AIG?
NICO Holdings' Retained Earnings of MWK276,899 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Insurance company?
A good Retained Earnings depends on the Insurance industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on NICO Holdings and its competitors. NICO Holdings's current Retained Earnings is MWK276,899 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NICO Holdings stock overvalued right now?
Based on GuruFocus' analysis, NICO Holdings (MSW:NICO) is currently considered Modestly Overvalued. The stock's GF Value™ is MWK1,257.59, compared to a current price of MWK1,498.42 — trading 19.2% above its estimated fair value. The current Retained Earnings is MWK276,899 Mil. NICO Holdings' overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current Retained Earnings is MWK276,899 Mil 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 NICO Holdings (MSW:NICO) Overvalued in 2026?
Based on GuruFocus' analysis, NICO Holdings stock appears to be overvalued.
The current stock price of MWK1,498.42 is trading 19.2% above its estimated GF Value™ of MWK1,257.59.
GuruFocus considers NICO Holdings to be Modestly Overvalued.
Key valuation signals for MSW:NICO:
Retained Earnings: MWK276,899 Mil
GF Value™: MWK1,257.59 vs. price of MWK1,498.42 (19.2% above fair value)
No single metric tells the full story. See the MSW:NICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NICO Holdings PLC is a Malawi-based financial service company that operates in diversified business. Its segments include Life Insurance and Pension, General Insurance business, Banking business, Investment Holding, Asset Management, and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accidents throughout Malawi, Zambia, Tanzania, and Uganda. In contrast, life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. The majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments only operate in Malawi.
77GF Score
Get the complete analysis for MSW:NICO
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MSW:NICO has been successfully added to your 