• Progressive average ebit margin for 2023 was 6.01%, a 45.52% increase from 2022.
• Progressive average ebit margin for 2022 was 4.13%, a 71.14% increase from 2021.
• Progressive average ebit margin for 2021 was 14.31%, a 6.47% decline from 2020.

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