• Travelers average ebitda margin for 2023 was 24.95%, a 15.42% increase from 2022.
• Travelers average ebitda margin for 2022 was 29.5%, a 3.59% decline from 2021.
• Travelers average ebitda margin for 2021 was 30.6%, a 13.33% decline from 2020.

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