• Selective Insurance average net profit margin for 2023 was 7.47%, a 0.8% decline from 2022.
• Selective Insurance average net profit margin for 2022 was 7.53%, a 38.23% decline from 2021.
• Selective Insurance average net profit margin for 2021 was 12.19%, a 61.46% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.