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National Insurance CoXPAE:NIC 74 3-Year ROIIC % is 11.38 as of Dec. 2025, which is 86% above its 10-year median of 6.12. GuruFocus rates XPAE:NIC with a GF Score™ of 74/100 and a GF Value™ of $3.60 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 338 Insurance companies, National Insurance Co ranks better than 65.68% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
National Insurance Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.38%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for National Insurance Co's 3-Year ROIIC % or its related term are showing as below:
XPAE:NIC's 3-Year ROIIC % is ranked better than 65.68% of 338
companies
in the Insurance industry
Industry Median: 5.02
vs XPAE:NIC: 11.38
National Insurance Co (XPAE:NIC) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
National Insurance Co 3-Year ROIIC % Related Terms
National Insurance Co 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for National Insurance Co's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Insurance - Diversified subindustry, National Insurance Co's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Insurance Industry
For the Insurance industry and Financial Services sector, National Insurance Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where National Insurance Co's 3-Year ROIIC % falls into.
National Insurance Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 5.07628 (Dec. 2025) - 3.1022464 (Dec. 2022) )
/
( 102.96575 (Dec. 2025) - 85.6148 (Dec. 2022) )
=
1.9740336
/
17.35095
=
11.38%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
National Insurance Co (XPAE:NIC) has a 3-Year ROIIC % of 11.38 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on National Insurance Co and its competitors. This is 86% above median its historical median of 6.12. According to the industry distribution chart, National Insurance Co ranks #116 out of 338 companies in the Insurance industry, placing it in the top 34.3%.
Is National Insurance Co's 3-Year ROIIC % too high?
National Insurance Co's current 3-Year ROIIC % of 11.38 is 86% above median its 10-year median of 6.12. The Insurance industry median 3-Year ROIIC % is 5.02. National Insurance Co's value of 11.38 is 126.7% above this industry median. Based on the distribution chart, National Insurance Co ranks #116 out of 338 companies in the Insurance industry, which is above the industry midpoint. Overall, National Insurance Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Insurance Co's 3-Year ROIIC % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, National Insurance Co ranks #116 out of 338 companies for 3-Year ROIIC %. This puts National Insurance Co in the upper half of its industry. The industry median 3-Year ROIIC % is 5.02. National Insurance Co's value of 11.38 is 126.7% above this benchmark. While the company's 10-year median is 6.12 vs. the industry median of 5.02, National Insurance Co 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 3-Year ROIIC % for an Insurance company?
The median 3-Year ROIIC % among Insurance companies is 5.02, based on 338 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Insurance Co's current 3-Year ROIIC % of 11.38 is 126.7% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on National Insurance Co and its competitors. For the Insurance industry, the median 3-Year ROIIC % is 5.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Insurance Co's current 3-Year ROIIC % is 11.38, which is 86% above median its own 10-year median of 6.12. 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 $3.60, compared to a current price of $3.00 — trading 16.7% below its estimated fair value. The current 3-Year ROIIC % is 11.38, which is 86% above median its 10-year median of 6.12 and 126.7% above the Insurance industry median of 5.02. National Insurance Co's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For National Insurance Co (XPAE:NIC), the current 3-Year ROIIC % is 11.38 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 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 $3.00 is trading 16.7% below its estimated GF Value™ of $3.60.
GuruFocus considers National Insurance Co to be Modestly Undervalued.
Key valuation signals for XPAE:NIC:
3-Year ROIIC %: 11.38 (86% above median its 10-year median of 6.12)
GF Value™: $3.60 vs. price of $3.00 (16.7% below fair value)
Industry Position: 126.7% above the Insurance median (#116 of 338)
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.
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