Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 45

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 45
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    56,770

    62,154

    (8.7
    )%

    56,934

    (8.4
    )%

    Indirect expenses

    38,597

    38,969

    (1.0
    )%

    38,831

    (0.4
    )%

    Total North America Loss Adjusting Operating Earnings
     
    $
    18,173

    $
    23,185

    (21.6
    )%
     
    $
    18,103

    (21.9
    )%

    Gross profit margin

    18.2
    %

    20.5
    %

    (2.3
    )%

    18.2
    %

    (2.3
    )%

    Operating margin

    5.8
    %

    7.6
    %

    (1.8
    )%

    5.8
    %

    (1.8
    )%

Revenues before Reimbursements

North America Loss Adjusting revenues are primarily derived from the property and casualty insurance company markets in the U.S. and Canada. 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.S.
     
    $
    221,279

    $
    207,255

    6.8
    %
     
    $
    221,279

    6.8
    %

    Canada

    90,879

    96,374

    (5.7
    )%

    92,227

    (4.3
    )%

    Total North America Loss Adjusting Revenues before Reimbursements
     
    $
    312,158

    $
    303,629

    2.8
    %
     
    $
    313,506

    3.3
    %

Revenues before reimbursements from our North America Loss Adjusting segment totaled $312.2 million in