• Allianz SE average operating margin for 2014 was 53.81%, a 44.85% decline from 2013.
• Allianz SE average operating margin for 2013 was 97.57%, a 75.9% decline from 2012.
• Allianz SE average operating margin for 2012 was 55.47%, a 67.99% increase from 2011.

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.