Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 192

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 192
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Costs of administrative functions, including direct compensation, payroll taxes, and benefits, are managed centrally and considered indirect costs. The allocated centralized indirect administrative support costs of our shared-services infrastructure are allocated to each segment based on usage and reflected within "Expenses Other Than Direct Compensation, Fringe Benefits & Non-Employee Labor" of each segment.

22

In addition to allocated corporate and shared costs, "Expenses Other Than Direct Compensation, Fringe Benefits & Non-Employee Labor" includes travel and entertainment, office rent and occupancy costs, automobile expenses, office operating expenses, data processing costs, cost of risk, professional fees, and amortization and depreciation expense other than amortization of customer-relationship intangible assets.

Unless noted in the following discussion and analysis, revenue amounts exclude reimbursements for out-of-pocket expenses and expense amounts exclude reimbursed out-of-pocket expenses.

23

Operating results for our segments reconciled to income before income taxes and net income (loss) attributable to shareholders of the Company are as shown in the following table.

    % Change from Prior Year

    Year Ended December 31,
     
    2024
     
    2023
     
    2022
     
    2024
     
    2023

    (In thousands, except percentages)

    Revenues:

    North America Loss Adjusting
     
    $312,158
     
    $303,629
     
    $274,755
     
    2.8%
     
    10.5%

    International Operations
     
    418,607
     
    382,393
     
    357,452
     
    9.5%
     
    7.0%

    Broadspire
     
    388,074
     
    355,650
     
    313,564
     
    9.1%
     
    13.4%

    Platform Solutions
     
    173,671
     
    225,459
     
    243,711
     
    (23.0)%
     
    (7.5)%

    Total Revenues before reimbursements
     
    1,292,510
     
    1,267,131
     
    1,189,482
     
    2.0%
     
    6.5%

    Reimbursements