• Globe Life average operating margin for 2023 was 22.94%, a 14.43% increase from 2022.
• Globe Life average operating margin for 2022 was 26.81%, a 21.48% decline from 2021.
• Globe Life average operating margin for 2021 was 22.07%, a 4.55% 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.