Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 185

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 185
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26.6 million in 2024, compared with net income of $30.6 million in 2023. 

Consolidated revenues before reimbursements increased $25.4 million, or 2.0%, in 2024, compared with 2023. This increase was due to new client growth in North America Loss Adjusting, International Operations, and Broadspire and pricing increases in all of our segments. This was partially offset by a weather-related reduction in our Platforms Solutions segment. Changes in foreign exchange rates decreased our consolidated revenues before reimbursements by $0.8 million, or 0.1%, for 2024 as compared with the prior year. 

    In thousands (except percentages)

    Based on actual exchange rates

    Based on exchange rates forDecember 31, 2023

    Year Ended December 31,
     
    2024

    2023

    Variance

    2024

    Variance

    Revenues:

    North America Loss Adjusting
     
    $
    312,158

    $
    303,629

    2.8
    %
     
    $
    313,506

    3.3
    %

    International Operations

    418,607

    382,393

    9.5
    %

    418,080

    9.3
    %

    Broadspire

    388,074

    355,650

    9.1
    %

    388,074

    9.1
    %

    Platform Solutions

    173,671

    225,459

    (23.0
    )%

    173,671

    (23.0
    )%

    Total revenues before reimbursements

    1,292,510

    1,267,131

    2.0
    %

    1,293,331

    2.1
    %

    Reimbursements

    48,460

    49,788

    (2.7
    )%

    48,289

    (3.0
    )%

    Total Revenues
     
    $
    1,340,970

    $
    1,316,919

    1.8
    %
     
    $
    1,341,620

    1.9