• Old Republic average ebit margin for 2023 was 13.06%, a 10.55% increase from 2022.
• Old Republic average ebit margin for 2022 was 14.6%, a 34.7% decline from 2021.
• Old Republic average ebit margin for 2021 was 22.36%, a 267.76% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues