Selective Insurance Gross Margin 2010-2024 | SIGI
- Selective Insurance average gross margin for 2023 was 40.99%, a 2.73% decline from 2022.
- Selective Insurance average gross margin for 2022 was 42.14%, a 10.66% decline from 2021.
- Selective Insurance average gross margin for 2021 was 47.17%, a 8.39% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.