• Kinsale Capital average operating margin for 2023 was 29.13%, a 18.66% increase from 2022.
• Kinsale Capital average operating margin for 2022 was 24.55%, a 10.37% increase from 2021.
• Kinsale Capital average operating margin for 2021 was 27.39%, a 36.68% 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.