SIC Insurance Co (XGHA:SIC) Tax Rate %: 35.81% (As of Dec. 2024)

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XGHA:SIC SIC Insurance Co Ltd XGHA:SIC
49 GF Score
Price GHS5.09
GF Value GHS0.58
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is SIC Insurance Co Tax Rate %?

SIC Insurance Co XGHA:SIC +6.26% 49 Tax Rate % is 35.81% as of Dec. 2024. GuruFocus rates XGHA:SIC with a GF Score™ of 49/100 and a GF Value™ of GHS0.58 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. SIC Insurance Co's Tax Expense for the six months ended in Dec. 2024 was GHS29.8 Mil. SIC Insurance Co's Pre-Tax Income for the six months ended in Dec. 2024 was GHS83.2 Mil. Therefore, SIC Insurance Co's Tax Rate % for the quarter that ended in Dec. 2024 was 35.81%.

SIC Insurance Co Tax Rate % Related Terms

SIC Insurance Co Tax Rate % Historical Data

* Premium members only.

The historical data trend for SIC Insurance Co'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.

SIC Insurance Co Tax Rate % Chart

SIC Insurance Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.60 20.28 30.22 43.91 35.81

SIC Insurance Co Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.60 20.28 30.22 43.91 35.81
XGHA:SIC
49GF Score
SIC Insurance Co Ltd XGHA:SIC
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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SIC Insurance Co Tax Rate % Calculation

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

SIC Insurance Co's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=29.792/83.206
=35.81 %

SIC Insurance Co's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=29.792/83.206
=35.81 %

* 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 35.81% mean?
SIC Insurance Co (XGHA:SIC) has a Tax Rate % of 35.81% as of Dec. 2024.
Is SIC Insurance Co's Tax Rate % too high?
SIC Insurance Co's current Tax Rate % is 35.81%. Overall, SIC Insurance Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SIC Insurance Co's Tax Rate % compare to CB and PGR?
SIC Insurance Co's Tax Rate % of 35.81% 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. SIC Insurance Co's current Tax Rate % is 35.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SIC Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, SIC Insurance Co (XGHA:SIC) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS0.58, compared to a current price of GHS5.09 — trading 777.6% above its estimated fair value. The current Tax Rate % is 35.81%. SIC Insurance Co's overall GF Score™ is 49/100 with 1 warning sign 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 SIC Insurance Co (XGHA:SIC), the current Tax Rate % is 35.81% as of Dec. 2024. 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 SIC Insurance Co (XGHA:SIC) Overvalued in 2026?

Based on GuruFocus' analysis, SIC Insurance Co stock appears to be overvalued. The current stock price of GHS5.09 is trading 777.6% above its estimated GF Value™ of GHS0.58. GuruFocus considers SIC Insurance Co to be Significantly Overvalued.

Key valuation signals for XGHA:SIC:

  • Tax Rate %: 35.81%
  • GF Value™: GHS0.58 vs. price of GHS5.09 (777.6% above fair value)
  • GF Score™: 49/100 with 1 warning sign

No single metric tells the full story. See the XGHA:SIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SIC Insurance Co Business Description

Address Ring Road East, Nyemitei House No.15, Osu, Accra, GHA
SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products, including Motor insurance, Fire insurance, Marine and aviation insurance, Bonds, Engineering, and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs, as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.
49GF Score

Get the complete analysis for XGHA:SIC

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

GHS5.09
Price
GHS0.58
GF Value