• Reliance average pre-tax profit margin for 2023 was 12.58%, a 13.06% decline from 2022.
• Reliance average pre-tax profit margin for 2022 was 14.47%, a 30.36% decline from 2021.
• Reliance average pre-tax profit margin for 2021 was 11.1%, a 80.49% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.