• Allstate average gross margin for 2023 was 23.12%, a 24.17% increase from 2022.
• Allstate average gross margin for 2022 was 30.49%, a 30.56% decline from 2021.
• Allstate average gross margin for 2021 was 43.91%, a 1.21% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.