• Baldwin Insurance average operating margin for 2023 was -6.54%, a 296.36% decline from 2022.
• Baldwin Insurance average operating margin for 2022 was -1.65%, a 58.65% increase from 2021.
• Baldwin Insurance average operating margin for 2021 was -1.04%, a 89.98% 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.