• Erie Indemnity average operating margin for 2023 was 14.74%, a 15.88% increase from 2022.
• Erie Indemnity average operating margin for 2022 was 12.72%, a 2.25% increase from 2021.
• Erie Indemnity average operating margin for 2021 was 12.44%, a 9.86% 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.