NICO Holdings (MSW:NICO) Tax Rate %: 31.37% (As of Dec. 2025)


MSW:NICO NICO Holdings PLC MSW:NICO
77 GF Score
Price MWK1,498.42
GF Value MWK1,257.59
Valuation Modestly Overvalued
! 3 Warning Signs
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What is NICO Holdings Tax Rate %?

NICO Holdings MSW:NICO -0.10% 77 Tax Rate % is 31.37% as of Dec. 2025. GuruFocus rates MSW:NICO with a GF Score™ of 77/100 and a GF Value™ of MWK1,257.59 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. NICO Holdings's Tax Expense for the six months ended in Dec. 2025 was MWK147,880 Mil. NICO Holdings's Pre-Tax Income for the six months ended in Dec. 2025 was MWK471,388 Mil. Therefore, NICO Holdings's Tax Rate % for the quarter that ended in Dec. 2025 was 31.37%.

NICO Holdings Tax Rate % Related Terms

NICO Holdings Tax Rate % Historical Data

* Premium members only.

The historical data trend for NICO Holdings's Tax Rate % 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.

NICO Holdings Tax Rate % Chart

NICO Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec24 Dec25
Tax Rate %
29.74 31.92 24.40 36.14 31.37

NICO Holdings Semi-Annual Data
Dec20 Dec21 Dec22 Dec24 Dec25
Tax Rate % 29.74 31.92 24.40 36.14 31.37
MSW:NICO
77GF Score
NICO Holdings PLC MSW:NICO
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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NICO Holdings Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

NICO Holdings's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=147880.456/471388.314
=31.37 %

NICO Holdings's Tax Rate % for the quarter that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2025 )/Pre-Tax Income (Q: Dec. 2025 )
=147880.456/471388.314
=31.37 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 31.37% mean?
NICO Holdings (MSW:NICO) has a Tax Rate % of 31.37% as of Dec. 2025.
Is NICO Holdings' Tax Rate % too high?
NICO Holdings' current Tax Rate % is 31.37%. 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' Tax Rate % compare to BRK.A and AIG?
NICO Holdings' Tax Rate % of 31.37% 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 Tax Rate % for an Insurance company?
A good Tax Rate % depends on the Insurance industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. NICO Holdings's current Tax Rate % is 31.37%. 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 Tax Rate % is 31.37%. 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 Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current Tax Rate % is 31.37% 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:

  • Tax Rate %: 31.37%
  • GF Value™: MWK1,257.59 vs. price of MWK1,498.42 (19.2% above fair value)
  • GF Score™: 77/100 with 3 warning signs

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 Business Description

Address Chibisa House-19 Glyn Jones Road, PO Box 501, Blantyre, MWI
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

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MWK1,498.42
Price
MWK1,257.59
GF Value