• Selective Insurance average ebitda margin for 2023 was 11.26%, a 5.93% decline from 2022.
• Selective Insurance average ebitda margin for 2022 was 11.97%, a 33.76% decline from 2021.
• Selective Insurance average ebitda margin for 2021 was 18.07%, a 45.84% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.