Sagen MI Canada (TSX:MIC.PR.A.PFD) Tax Rate % : 25.63% (As of Mar. 2024)

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What is Sagen MI Canada Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Sagen MI Canada's Tax Expense for the three months ended in Mar. 2024 was C$50.08 Mil. Sagen MI Canada's Pre-Tax Income for the three months ended in Mar. 2024 was C$195.38 Mil. Therefore, Sagen MI Canada's Tax Rate % for the quarter that ended in Mar. 2024 was 25.63%.

Sagen MI Canada Tax Rate % Historical Data

The historical data trend for Sagen MI Canada'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.

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Sagen MI Canada Tax Rate % Chart

Sagen MI Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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25.80

25.05

25.17

25.08

25.22

Sagen MI Canada Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															25.11	25.72	25.31	24.84	25.63

Sagen MI Canada Tax Rate % Calculation

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

Sagen MI Canada's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	172.614	/	684.357
	=	25.22 %

Sagen MI Canada's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	50.076	/	195.381
	=	25.63 %

Sagen MI Canada Tax Rate % Related Terms

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Sagen MI Canada (TSX:MIC.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagen MI Canada Inc (TSX:MIC.PR.A.PFD) » Definitions » Tax Rate %

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Address

2060 Winston Park Drive, Suite 300, Oakville, ON, CAN, L6H 5R7

Website

https://www.sagen.ca

Sagen MI Canada Inc private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. The company operates exclusively in Canada, with roughly half its policies in Ontario and remaining policies in Alberta, British Columbia, Quebec and Other.

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