• Axis Capital Holdings average operating margin for 2023 was 9.98%, a 43.19% increase from 2022.
• Axis Capital Holdings average operating margin for 2022 was 6.97%, a 33.62% increase from 2021.
• Axis Capital Holdings average operating margin for 2021 was 10.5%, a 971.43% 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.