Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 49

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 49
---
8%
     
    $21,846
     
    95.4%

    Gross profit margin
     
    18.5%
     
    15.8%
     
    2.7%
     
    18.8%
     
    3.0%

    Operating margin
     
    5.0%
     
    2.9%
     
    2.1%
     
    5.2%
     
    2.3%

Revenues before Reimbursements

International Operations segment revenues are primarily derived from the global property and casualty insurance company markets in the U.K, Europe, Australia, Asia and Latin America. Revenues before reimbursements by major region, based on actual exchange rates and using a constant exchange rate were as follows:

    In thousands (except percentages)

    Based on actual exchange rates

    Based on exchange ratesfor December 31, 2023

    Year Ended December 31,
     
    2024

    2023

    Variance

    2024

    Variance

    U.K.
     
    $
    168,357

    $
    143,353

    17.4
    %
     
    $
    162,685

    13.5
    %

    Europe

    100,702

    92,130

    9.3
    %

    100,233

    8.8
    %

    Australia

    88,988

    89,479

    (0.5
    )%

    89,466

    (0.0
    )%

    Asia

    24,466

    23,289

    5.1
    %

    24,773

    6.4
    %

    Latin America

    36,094

    34,142

    5.7
    %

    40,924

    19.9
    %

    Total International Operations Revenues before Reimbursements
     
    $
    418,607

    $
    382,393

    9.5
    %
     
    $
    418,081

    9.3
    %

Revenues before reimbursements from our International Operations segment totaled $418.6 million in 2024, compared with $382.4 million