• Essent Group average operating margin for 2023 was 82.3%, a 17.49% decline from 2022.
• Essent Group average operating margin for 2022 was 99.75%, a 46.05% decline from 2021.
• Essent Group average operating margin for 2021 was 68.3%, a 10.93% 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.