SIC Insurance Past Earnings Performance
Past criteria checks 1/6
SIC Insurance's earnings have been declining at an average annual rate of -70.5%, while the Insurance industry saw earnings growing at 15.7% annually. Revenues have been growing at an average rate of 4.9% per year. SIC Insurance's return on equity is 4.6%, and it has net margins of 9.5%.
Key information
-70.5%
Earnings growth rate
-70.5%
EPS growth rate
| Insurance Industry Growth | 7.6% |
| Revenue growth rate | 4.9% |
| Return on equity | 4.6% |
| Net Margin | 9.5% |
| Last Earnings Update | 31 Dec 2022 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How SIC Insurance makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 22 | 185 | 18 | 144 | 0 |
| 30 Sep 22 | 229 | 67 | 136 | 0 |
| 31 Dec 21 | 177 | 60 | 120 | 0 |
| 31 Dec 20 | 170 | 12 | 107 | 0 |
| 31 Mar 20 | 146 | 14 | 108 | 0 |
| 31 Dec 19 | 145 | 11 | 109 | 0 |
| 30 Sep 19 | 132 | 47 | 121 | 0 |
| 31 Dec 18 | 142 | 46 | 114 | 0 |
| 30 Sep 18 | 132 | -20 | 97 | 0 |
| 31 Dec 17 | 111 | -13 | 82 | 0 |
| 30 Sep 17 | 121 | 7 | 76 | 0 |
| 31 Dec 16 | 94 | -7 | 71 | 0 |
| 30 Sep 16 | 108 | 12 | 76 | 0 |
| 31 Dec 15 | 110 | 6 | 63 | 0 |
| 31 Dec 14 | 96 | -8 | 55 | 0 |
| 31 Dec 13 | 76 | 1 | 52 | 0 |
Quality Earnings: SIC has a large one-off gain of GHS44.2M impacting its last 12 months of financial results to 31st December, 2022.
Growing Profit Margin: SIC's current net profit margins (9.5%) are lower than last year (33.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SIC has become profitable over the past 5 years.
Accelerating Growth: SIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SIC had negative earnings growth (-70.5%) over the past year, making it difficult to compare to the Insurance industry average (20.5%).
Return on Equity
High ROE: SIC's Return on Equity (4.6%) is considered low.