• Verisk Analytics average net profit margin for 2023 was 20.4%, a 53.74% increase from 2022.
• Verisk Analytics average net profit margin for 2022 was 44.1%, a 52.65% decline from 2021.
• Verisk Analytics average net profit margin for 2021 was 28.89%, a 24.15% increase from 2020.

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