• Allstate average operating margin for 2023 was -3.47%, a 235.55% decline from 2022.
• Allstate average operating margin for 2022 was 2.56%, a 86.07% decline from 2021.
• Allstate average operating margin for 2021 was 18.38%, a 22.94% decline 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.