• American Financial average ebitda margin for 2023 was 16.28%, a 23.5% decline from 2022.
• American Financial average ebitda margin for 2022 was 21.28%, a 6.79% decline from 2021.
• American Financial average ebitda margin for 2021 was 22.83%, a 197.65% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.