GSE Watch: Thinking of rotating from SIC into CAL? SIC Insurance has been a monster lately — up over +367% YTD, trading around GHS 5.60 with strong insurance revenue growth and solid profitability. It’s been one of the top performers on the exchange. CalBank (CAL) is more of a recovery story: trading around GHS 0.82, up ~28% YTD. The bank has cleaned up NPLs, raised capital, delivered strong ROE (~33% in 2025), and is showing profit growth. Valuation looks cheaper on earnings compared to SIC.