• Manulife Financial Corp average operating margin for 2023 was 18.92%, a 122.38% increase from 2022.
• Manulife Financial Corp average operating margin for 2022 was -84.53%, a 542.1% decline from 2021.
• Manulife Financial Corp average operating margin for 2021 was 19.12%, a 52.95% 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.