Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 161

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 161
---
 to its four reportable segments, prior period amounts presented in the current period financial statements are adjusted to conform to the current allocation process.In the normal course of its business, the Company sometimes pays for certain out-of-pocket expenses that are thereafter reimbursed by its clients. Under GAAP, these out-of-pocket expenses and associated reimbursements are required to be included when reporting expenses and revenues, respectively, in the Company's consolidated results of operations. However, in evaluating segment results, Company management excludes these reimbursements and related expenses from segment results, as they offset each other.

97

Financial information as of and for the years ended December 31, 2024, 2023, and 2022 related to the Company's reportable segments is presented below:  

        Year Ended December 31, 2024

        North AmericaLoss Adjusting
         
        InternationalOperations
         
        Broadspire
         
        PlatformSolutions
         
        Total

        (In thousands)

        Revenues before reimbursements
         
        $
        312,158
         
        $
        418,607
         
        $
        388,074
         
        $
        173,671
         
        $
        1,292,510

        Less:

        Segment Expenses:

             Compensation

        184,732

        208,200

        181,355

        91,457

        665,744

             Benefits and payroll taxes

        35,659

        39,082

        36,769

        14,480

        125,990

             Non-employee labor

        5,790

        26,411

        17,159

        5,849

        55,209

        Total Compensation

        226,181

        273,693

        235,283

        111,786

        846,943

             Office rent and occupancy

        4,595

        14,340

        9,247

        3,554

        31,736

             Other office operating expense (1)

        16,015

        28,289

        16,200

        9,067

        69,571

             Depreciation

        3,149

        3,314