• First American Financial average operating margin for 2023 was 7.31%, a 40.71% decline from 2022.
• First American Financial average operating margin for 2022 was 12.33%, a 35.24% decline from 2021.
• First American Financial average operating margin for 2021 was 19.04%, a 24.36% 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.