• Humana average operating margin for 2023 was 4.27%, a 10.34% decline from 2022.
• Humana average operating margin for 2022 was 3.87%, a 16.59% increase from 2021.
• Humana average operating margin for 2021 was 4.64%, a 28.28% 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.