• Sompo Holdings average gross margin for 2023 was 44.08%, a 0.71% decline from 2022.
• Sompo Holdings average gross margin for 2022 was 43.77%, a 3.38% increase from 2021.
• Sompo Holdings average gross margin for 2021 was 45.3%, a 102.5% 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.