• Aflac average operating margin for 2023 was 27.64%, a 8.95% decline from 2022.
• Aflac average operating margin for 2022 was 25.37%, a 9.17% increase from 2021.
• Aflac average operating margin for 2021 was 23.24%, a 27.34% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.