• Aflac average ebitda margin for 2023 was 33.02%, a 10.43% increase from 2022.
• Aflac average ebitda margin for 2022 was 29.9%, a 2.47% increase from 2021.
• Aflac average ebitda margin for 2021 was 29.18%, a 16.72% increase from 2020.

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