Company: CRD-A
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030894
Chunk: 142

Company: CRAWFORD & CO
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 142
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        (4
        )

        (78
        )

        Subtotal, included in "Other noncurrent assets"

        (9,180
        )

        (10,954
        )

        Unfunded status of nonqualified defined benefit deferred pension plans included in "Other accrued liabilities"

        201

        230

        Unfunded status of nonqualified defined benefit pension plans included in "Other noncurrent liabilities"

        1,716

        1,858

        Total underfunded status
         
        $
        13,820

        $
        15,139

        Accumulated other comprehensive loss, before income taxes
         
        $
        (257,116
        )
         
        $
        (261,102
        )
       
       A fixed number of U.S. employees, retirees, and eligible dependents were previously covered under a frozen post-retirement medical benefits plan and are now provided Company-subsidized premiums for participation in health care exchanges. The liabilities for this plan are included in the Company's self-insured risks liabilities and are not material. This plan was frozen effective December 31, 2002. 

84

The following tables set forth the changes in accumulated other comprehensive loss during 2024 and 2023 for the Company's defined benefit retirement plans on a combined basis:

        Defined BenefitPension Plans

        (In thousands)

        Net unrecognized actuarial loss, December 31, 2022
         
        $
        (256,695
        )

        Amortization of net loss

        12,019

        Net loss arising during the year

        (13,432
        )

        Currency translation

        (2,993
        )

        Net unrecognized actuarial loss, December 31, 2023

        (261,102
        )

        Amortization of net loss

        12,580

        Net loss arising during the year

        (4,109
        )

        Currency translation

        (4,484
        )

        Net unrecognized actuarial loss, December 31, 2024
         
        $
        (257,116
        )
       
        Unrecognized losses reflect changes in the discount rates and differences between expected and actual asset returns, which are being amortized over future periods. These unrecognized losses may be recovered in future periods through actuarial gains. However, unless the minimum amount required to be amortized is