• RenaissanceRe Holdings average operating margin for 2023 was 18.92%, a 186.55% increase from 2022.
• RenaissanceRe Holdings average operating margin for 2022 was -21.86%, a 673.75% decline from 2021.
• RenaissanceRe Holdings average operating margin for 2021 was 3.81%, a 78.45% 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.