• Essent Group average operating margin for 2023 was 79.12%, a 21.76% decline from 2022.
• Essent Group average operating margin for 2022 was 101.12%, a 33.62% decline from 2021.
• Essent Group average operating margin for 2021 was 75.68%, a 36.51% 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.