• Travelers average operating margin for 2023 was 8.01%, a 35.25% increase from 2022.
• Travelers average operating margin for 2022 was 12.37%, a 8.37% decline from 2021.
• Travelers average operating margin for 2021 was 13.5%, a 39.18% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.