In the recently published 100-plus-page 2023 ASA annual Operating Performance Report, responding distributors firms reported a 14.9% after-tax return on assets and a 28% after-tax return on net worth, compared to 15.6% and 26.4% respectively in the previous years.
Industry Insights, ASA’s business intelligence partner that has been publishing ASA’s Operating Performance Report for four decades, noted these results demonstrate a positive trend in profitability, with considerably higher levels achieved over the past two years of the study compared to previous years.