Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 193

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 193
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    —
     
    —
     
    (36,808)
     
    nm
     
    nm

    Non-service pension (costs) credits
     
    (9,764)
     
    (8,601)
     
    1,591
     
    13.5%
     
    (640.6)%

    Contingent earnout adjustments
     
    1,099
     
    (4,025)
     
    (2,921)
     
    (127.3)%
     
    37.8%

    Income Before Income Taxes
     
    41,112
     
    47,357
     
    5,046
     
    (13.2)%
     
    838.5%

    Income taxes
     
    (14,583)
     
    (17,097)
     
    (23,578)
     
    (14.7)%
     
    (27.5)%

    Net Income (Loss)
     
    26,529
     
    30,260
     
    (18,532)
     
    (12.3)%
     
    263.3%

    Net loss attributable to noncontrolling interests
     
    67
     
    349
     
    227
     
    (80.8)%
     
    53.7%

    Net Income (Loss) Attributable to Shareholders of Crawford & Company
     
    $26,596
     
    $30,609
     
    $(18,305)
     
    (13.1)%
     
    267.2%

nm = not meaningful

24

YEAR ENDED DECEMBER 31, 2024 COMPARED WITH YEAR ENDED DECEMBER 31, 2023

NORTH AMERICA LOSS ADJUSTING SEGMENT

Operating Earnings

Operating earnings in our North America Loss Adjusting segment totaled $18.2 million, or 5.8% of revenues before reimbursements, in 2024, compared with 2023 operating earnings of $23.2 million, or 7.6% of revenues before reimbursements. The decrease in operating earnings in 2024 was primarily due to the decrease in revenues in Canada and U.S. Field Operations and reduced staff utilization related to the higher