# EDGAR Filing Document

**Accession Number:** 0000025475
**File Stem:** 0001193125-26-134655
**Filing Date:** 2026-3
**Character Count:** 62369
**Document Hash:** b27af9fbc8dd9ce58425e62b9bc3bd41
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-134655.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001193125-26-134655

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260331

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CRAWFORD & CO
- **CENTRAL INDEX KEY:** 0000025475
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 580506554
- **STATE OF INCORPORATION:** GA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-10356
- **FILM NUMBER:** 26822259

**BUSINESS ADDRESS:**
- **STREET 1:** 5335 TRIANGLE PARKWAY
- **CITY:** PEACHTREE CORNERS
- **STATE:** GA
- **ZIP:** 30092
- **BUSINESS PHONE:** 4043001000

**MAIL ADDRESS:**
- **STREET 1:** 5335 TRIANGLE PARKWAY
- **CITY:** PEACHTREE CORNERS
- **STATE:** GA
- **ZIP:** 30092

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C.** 20549

**FORM** 8-K

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported):** March 31, 2026

CRAWFORD & COMPANY

(Exact Name of Registrant as Specified in Its Charter)

Georgia

(State or Other Jurisdiction of Incorporation)

---

| | |
|:---|:---|
| 1-10356 | 58-0506554 |
| (Commission File Number) | (IRS Employer Identification No.) |
| 5335 Triangle Parkway**,** Peachtree Corners**,** Georgia | 30092 |
| (Address of Principal Executive Offices) | (Zip Code) |

---

**(**404**)** 300-1000

(Registrant's Telephone Number, Including Area Code)

**N/A**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities Registered Pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Class A Common Stock — $1.00 Par Value | CRD-A | New York Stock Exchange**, Inc.** |
| Class B Common Stock — $1.00 Par Value | CRD-B | New York Stock Exchange**, Inc.** |

---

------

**Item 7.01. Regulation FD Disclosure**

Segment Realignment

In connection with the realignment of management responsibilities on January 1, 2026, the Company updated its reportable segments. The Company's revised reportable segments are comprised of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•U.S. Property & Casualty, provides claims management services to insurance carriers and self-insured entities related to property and casualty losses. This is comprised of U.S. Loss Adjusting which includes Global Technical Services and Claims Solutions. This reportable segment also includes Networks which consists of the Contractor Connection and Catastrophe Services operations previously reported within the Platform Solutions Segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Broadspire, which provides third party administration for workers' compensation, auto and liability, disability management, medical management, and accident and health to corporations, brokers and insurers as well as subrogation services in the U.S. Broadspire includes the subrogation operations that were previously reported within the Platform Solutions Segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•International Operations, which services the global property and casualty market outside the U.S., includes all operations within the U.K., Europe, Australia, Asia, Latin America and the Canadian operations that were previously reported within the North America Loss Adjusting segment.

The Company's financial statements for the succeeding interim and annual periods will disclose the reportable segments under the new basis with prior periods restated to reflect the change. Attached hereto as Exhibit 99.1 and incorporated herein by this reference are the historical Results of Operations and Reportable Segment Information for 2025 and 2024 and for each quarter of 2025 and 2024 revised to conform to the current presentation of the Company's reportable segments.

Segment Expenses

Our discussion and analysis of segment operating expenses is comprised of two components: "Direct Compensation, Fringe Benefits & Non-Employee Labor" and "Expenses Other Than Direct Compensation, Fringe Benefits & Non-Employee Labor."

"Direct Compensation, Fringe Benefits & Non-Employee Labor" includes direct compensation, payroll taxes, and benefits provided to the employees of each segment, as well as payments to outsourced service providers that augment our staff in each segment. As a service company, these costs represent our most significant and variable operating expenses.

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 acquisition-related intangible assets.

As part of our segment realignment, costs of certain administrative functions such as aspects of management, sales and client development, and information technology that were previously included in "Direct Compensation, Fringe Benefits & Non-Employee Labor" in the Results of Operations and "Direct Compensation" in Reportable Segment Information are now recorded as indirect costs and allocated to each reportable segment and are included in "Expenses Other Than Direct Compensation, Fringe Benefits & Non-Employee Labor" in the Results of Operations and "Allocated corporate, shared services, and administrative costs" in the Reportable Segment Information.

Certain prior year and quarterly amounts among the Company's reportable segments have been reclassified to conform to the current presentation. These changes have no impact on the Company's historical consolidated statements of operations, balance sheets, or cash flows.

**Item 9.01. Financial Statements and Exhibits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The following exhibits are being filed herewith:

---

| | |
|:---|:---|
| Exhibit No. | Description |
| 99.1 | [<u>Schedule of Revised Reportable Segment Data</u>](crda-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

The information contained in this current report on Form 8-K and in the accompanying exhibits shall not be incorporated by reference into any filing of the Company with the SEC, whether made before or after the date hereof, regardless of any general incorporation by reference language in such filing, unless expressly incorporated by specific reference to such filing. The information, including the exhibits hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | CRAWFORD & COMPANY | CRAWFORD & COMPANY |
|  | (Registrant) | (Registrant) |
|  | By: | /s/ HOLLY B. BOUDREAU |
|  |  | Holly B. Boudreau |
|  |  | Executive Vice President - |
|  |  | Chief Financial Officer |
| Dated: March 31, 2026 |  |  |

---

------

## Exhibit 99.1

?xml version='1.0' encoding='ASCII'? EX-99.1

**Exhibit 99.1**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
| <u>2025 Quarterly Period</u> | **First** | **Second** | **Third** | **Fourth** | **Full Year** |
| *(Dollars in thousands)* |  |  |  |  |  |
| Revenues: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | $82190 | $82500 | $76227 | $67082 | $307999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 103672 | 108158 | 110618 | 107903 | 430351 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 126170 | 132339 | 135326 | 133536 | 527371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Revenues before reimbursements | 312032 | 322997 | 322171 | 308521 | 1265721 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reimbursements | 11307 | 11598 | 10636 | 11565 | 45106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Revenues | 323339 | 334595 | 332807 | 320086 | 1310827 |
| Direct Compensation, Fringe Benefits & Non-Employee Labor: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | 50788 | 51000 | 47170 | 46173 | 195131 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *61.8%* | *61.8%* | *61.9%* | *68.8%* | *63.4%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 58343 | 60694 | 62828 | 62629 | 244494 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *56.3%* | *56.1%* | *56.8%* | *58.0%* | *56.8%* |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 86467 | 88165 | 91119 | 88022 | 353773 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *68.5%* | *66.6%* | *67.3%* | *65.9%* | *67.1%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | 195598 | 199859 | 201117 | 196824 | 793398 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of Revenues before reimbursements* | *62.7%* | *61.9%* | *62.4%* | *63.8%* | *62.7%* |
| Expenses Other than Direct Compensation, Fringe Benefits & Non-Employee Labor: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | 21622 | 24049 | 19257 | 18829 | 83757 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *26.3%* | *29.2%* | *25.3%* | *28.1%* | *27.2%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 33352 | 33262 | 32504 | 33497 | 132615 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *32.2%* | *30.8%* | *29.4%* | *31.0%* | *30.8%* |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 37483 | 36843 | 36555 | 38804 | 149685 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *29.7%* | *27.8%* | *27.0%* | *29.1%* | *28.4%* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total before reimbursements | 92457 | 94154 | 88316 | 91130 | 366057 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of Revenues before reimbursements* | *29.6%* | *29.2%* | *27.4%* | *29.5%* | *28.9%* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reimbursements | 11307 | 11598 | 10636 | 11565 | 45106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 103764 | 105752 | 98952 | 102695 | 411163 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of Revenues* | *32.1%* | *31.6%* | *29.7%* | *32.1%* | *31.4%* |
| Segment Operating Earnings: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | 9780 | 7451 | 9800 | 2080 | 29111 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *11.9%* | *9.0%* | *12.9%* | *3.1%* | *9.5%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 11977 | 14202 | 15286 | 11777 | 53242 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *11.6%* | *13.1%* | *13.8%* | *10.9%* | *12.4%* |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 2220 | 7331 | 7652 | 6710 | 23913 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *1.8%* | *5.5%* | *5.7%* | *5.0%* | *4.5%* |
| (Deduct) Add: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unallocated corporate and shared costs, net | (6133) | (6988) | (6147) | (4725) | (23993) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net corporate interest expense | (3944) | (3858) | (3788) | (3097) | (14687) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-service pension costs | (2333) | (2354) | (2363) | (2363) | (9413) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock option expense | (184) | (214) | (52) | (159) | (609) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of acquisition-related intangible assets | (1800) | (1825) | (2126) | (2680) | (8431) |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructuring and other costs, net |  |  |  | (13996) | (13996) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingent earnout adjustments | (363) | (80) | (60) | (34) | (537) |
| Income (loss) before income taxes | 9220 | 13665 | 18202 | (6487) | 34600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | (2480) | (5845) | (5813) | (786) | (14924) |
| Net income (loss) | 6740 | 7820 | 12389 | (7273) | 19676 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net (income) loss attributable to noncontrolling interests | (56) | (38) | 19 | 33 | (42) |
| Net income (loss) attributable to shareholders of Crawford & Company | $6684 | $7782 | $12408 | $(7240) | $19634 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** | **Results of Operations By Quarter (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
| <u>2024 Quarterly Period</u> | **First** | **Second** | **Third** | **Fourth** | **Full Year** |
| *(Dollars in thousands)* |  |  |  |  |  |
| Revenues: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | $78212 | $85320 | $93693 | $108617 | $365842 |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 101509 | 104423 | 106467 | 104783 | 417182 |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 121933 | 124484 | 129215 | 133854 | 509486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Revenues before reimbursements | 301654 | 314227 | 329375 | 347254 | 1292510 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reimbursements | 11419 | 12626 | 13351 | 11064 | 48460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Revenues | 313073 | 326853 | 342726 | 358318 | 1340970 |
| Direct Compensation, Fringe Benefits & Non-Employee Labor: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | 50256 | 54931 | 60893 | 75224 | 241304 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *64.3%* | *64.4%* | *65.0%* | *69.3%* | *66.0%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 57384 | 58343 | 59983 | 60371 | 236081 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *56.5%* | *55.9%* | *56.3%* | *57.6%* | *56.6%* |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 82513 | 82075 | 86596 | 88500 | 339684 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *67.7%* | *65.9%* | *67.0%* | *66.1%* | *66.7%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | 190153 | 195349 | 207472 | 224095 | 817069 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of Revenues before reimbursements* | *63.0%* | *62.2%* | *63.0%* | *64.5%* | *63.2%* |
| Expenses Other than Direct Compensation, Fringe Benefits & Non-Employee Labor: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | 22284 | 24997 | 22649 | 22180 | 92110 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *28.5%* | *29.3%* | *24.2%* | *20.4%* | *25.2%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 31254 | 29855 | 32361 | 33627 | 127097 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *30.8%* | *28.6%* | *30.4%* | *32.1%* | *30.5%* |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 39247 | 38410 | 38913 | 38457 | 155027 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *32.2%* | *30.9%* | *30.1%* | *28.7%* | *30.4%* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total before reimbursements | 92785 | 93262 | 93923 | 94264 | 374234 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of Revenues before reimbursements* | *30.8%* | *29.7%* | *28.5%* | *27.1%* | *29.0%* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reimbursements | 11419 | 12626 | 13351 | 11064 | 48460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 104204 | 105888 | 107274 | 105328 | 422694 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of Revenues* | *33.3%* | *32.4%* | *31.3%* | *29.4%* | *31.5%* |
| Segment Operating Earnings: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Property and Casualty | 5672 | 5392 | 10151 | 11213 | 32428 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *7.3%* | *6.3%* | *10.8%* | *10.3%* | *8.9%* |
| &nbsp;&nbsp;&nbsp;&nbsp;Broadspire | 12871 | 16225 | 14123 | 10785 | 54004 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *12.7%* | *15.5%* | *13.3%* | *10.3%* | *12.9%* |
| &nbsp;&nbsp;&nbsp;&nbsp;International Operations | 173 | 3999 | 3706 | 6897 | 14775 |
| &nbsp;&nbsp;&nbsp;&nbsp;*% of related revenues before reimbursements* | *0.1%* | *3.2%* | *2.9%* | *5.2%* | *2.9%* |
| (Deduct) Add: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unallocated corporate and shared costs, net | (6635) | (3548) | (6145) | (10169) | (26497) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net corporate interest expense | (3596) | (4256) | (4682) | (4328) | (16862) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-service pension costs | (2473) | (2399) | (2441) | (2451) | (9764) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock option expense | (167) | (139) | (188) | (80) | (574) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of acquisition-related intangible assets | (1868) | (1856) | (1932) | (1841) | (7497) |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingent earnout adjustments | (151) | (430) | 2128 | (448) | 1099 |
| Income before income taxes | 3826 | 12988 | 14720 | 9578 | 41112 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for income taxes | (1047) | (4486) | (5333) | (3717) | (14583) |
| Net income | 2779 | 8502 | 9387 | 5861 | 26529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net (income) loss attributable to noncontrolling interests | 58 | 82 | 66 | (139) | 67 |
| Net income attributable to shareholders of Crawford & Company | $2837 | $8584 | $9453 | $5722 | $26596 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** |
| **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** |
| <u>2025 Quarterly Period</u> | **First** | **Second** | **Third** | **Fourth** | **Full Year** |
| *(Dollars in thousands)* |  |  |  |  |  |
| U.S. Property & Casualty | $82190 | $82500 | $76227 | $67082 | $307999 |
| Broadspire | 103672 | 108158 | 110618 | 107903 | 430351 |
| International Operations | 126170 | 132339 | 135326 | 133536 | 527371 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Revenues before Reimbursements | $312032 | $322997 | $322171 | $308521 | $1265721 |
| **U.S. Property & Casualty** |  |  |  |  |  |
| Global Technical Services | $26776 | $26481 | $26632 | $22924 | $102813 |
| Claims Solutions | 31188 | 28324 | 27890 | 25519 | 112921 |
| Contractor Connection | 16901 | 18480 | 16516 | 14816 | 66713 |
| Catastrophe Services | 7325 | 9215 | 5189 | 3823 | 25552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Property & Casualty | $82190 | $82500 | $76227 | $67082 | $307999 |
| **Broadspire** |  |  |  |  |  |
| Claims Management | $49654 | $51991 | $53383 | $52387 | $207415 |
| Medical Management | 46730 | 48626 | 50018 | 49070 | 194444 |
| Subrogation | 7288 | 7541 | 7217 | 6446 | 28492 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Broadspire | $103672 | $108158 | $110618 | $107903 | $430351 |
| **International Operations** |  |  |  |  |  |
| UK | $44342 | $44322 | $45476 | $45272 | $179412 |
| Europe | 26184 | 27369 | 26801 | 28893 | 109247 |
| Australia | 19048 | 21607 | 24116 | 21864 | 86635 |
| Canada | 21776 | 23269 | 22473 | 21635 | 89153 |
| Asia | 6167 | 7236 | 8077 | 7643 | 29123 |
| Latin America | 8653 | 8536 | 8383 | 8229 | 33801 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total International Operations | $126170 | $132339 | $135326 | $133536 | $527371 |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** | **Disaggregated Revenues Within Reportable Segments** |
| **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** |
| <u>2024 Quarterly Period</u> | **First** | **Second** | **Third** | **Fourth** | **Full Year** |
| *(Dollars in thousands)* |  |  |  |  |  |
| U.S. Property & Casualty | $78212 | $85320 | $93693 | $108617 | $365842 |
| Broadspire | 101509 | 104423 | 106467 | 104783 | 417182 |
| International Operations | 121933 | 124484 | 129215 | 133854 | 509486 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Revenues before Reimbursements | $301654 | $314227 | $329375 | $347254 | $1292510 |
| **U.S. Property & Casualty** |  |  |  |  |  |
| Global Technical Services | $24636 | $25235 | $27460 | $28757 | $106088 |
| Claims Solutions | 28888 | 28594 | 28395 | 29314 | 115191 |
| Contractor Connection | 16945 | 18118 | 17051 | 15472 | 67586 |
| Catastrophe Services | 7743 | 13373 | 20787 | 35074 | 76977 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Property & Casualty | $78212 | $85320 | $93693 | $108617 | $365842 |
| **Broadspire** |  |  |  |  |  |
| Claims Management | $48398 | $49858 | $50293 | $50248 | $198797 |
| Medical Management | 45900 | 47229 | 48716 | 47432 | 189277 |
| Subrogation | 7211 | 7336 | 7458 | 7103 | 29108 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Broadspire | $101509 | $104423 | $106467 | $104783 | $417182 |
| **International Operations** |  |  |  |  |  |
| UK | $40255 | $41420 | $42265 | $44417 | $168357 |
| Europe | 23621 | 24453 | 25116 | 27512 | 100702 |
| Australia | 19661 | 22316 | 23530 | 23481 | 88988 |
| Canada | 23841 | 22201 | 23474 | 21363 | 90879 |
| Asia | 5369 | 5604 | 5847 | 7646 | 24466 |
| Latin America | 9186 | 8490 | 8983 | 9435 | 36094 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total International Operations | $121933 | $124484 | $129215 | $133854 | $509486 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** |
| **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** |
| <u>2025 Quarterly Period</u> | **First** | **Second** | **Third** | **Fourth** | **Full Year** |
| **CASE VOLUME ANALYSIS** |  |  |  |  |  |
| U.S. Property & Casualty | 97624 | 92810 | 89932 | 80967 | 361333 |
| Broadspire | 146931 | 149904 | 149213 | 138590 | 584638 |
| International Operations | 140964 | 135673 | 126230 | 139339 | 542206 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Company | 385519 | 378387 | 365375 | 358896 | 1488177 |
| **U.S. Property & Casualty** |  |  |  |  |  |
| Global Technical Services | 8680 | 11308 | 7654 | 9974 | 37616 |
| Claims Solutions | 56926 | 48245 | 45673 | 45170 | 196014 |
| Contractor Connection | 27465 | 28190 | 29304 | 24187 | 109146 |
| Catastrophe Services | 4553 | 5067 | 7301 | 1636 | 18557 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Property & Casualty | 97624 | 92810 | 89932 | 80967 | 361333 |
| **Broadspire** |  |  |  |  |  |
| Claims Management | 99251 | 99171 | 102302 | 93537 | 394261 |
| Medical Management | 38212 | 41449 | 40307 | 38013 | 157981 |
| Subrogation | 9468 | 9284 | 6604 | 7040 | 32396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Broadspire | 146931 | 149904 | 149213 | 138590 | 584638 |
| **International Operations** |  |  |  |  |  |
| UK | 31081 | 27691 | 27616 | 30632 | 117020 |
| Europe | 47163 | 45597 | 40827 | 54528 | 188115 |
| Australia | 8496 | 13979 | 10154 | 8206 | 40835 |
| Canada | 23659 | 25094 | 23974 | 22465 | 95192 |
| Asia | 7097 | 8083 | 8194 | 8499 | 31873 |
| Latin America | 23468 | 15229 | 15465 | 15009 | 69171 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total International Operations | 140964 | 135673 | 126230 | 139339 | 542206 |
| **AVERAGE FULL TIME EQUIVALENT EMPLOYEE DATA** | **AVERAGE FULL TIME EQUIVALENT EMPLOYEE DATA** | **AVERAGE FULL TIME EQUIVALENT EMPLOYEE DATA** |  |  |  |
| U.S. Property & Casualty | 1811 | 1822 | 1713 | 1672 | 1755 |
| Broadspire | 2841 | 2879 | 2901 | 2940 | 2890 |
| International Operations | 4430 | 4406 | 4300 | 4249 | 4346 |
| Administration | 893 | 885 | 874 | 871 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Company | 9975 | 9992 | 9788 | 9732 | 9872 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** | **Case Volume and Full Time Equivalent Data** |
| **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** | **By Quarter (Unaudited)** |
| <u>2024 Quarterly Period</u> | **First** | **Second** | **Third** | **Fourth** | **Full Year** |
| **CASE VOLUME ANALYSIS** |  |  |  |  |  |
| U.S. Property & Casualty | 101363 | 99849 | 110058 | 106033 | 417303 |
| Broadspire | 145587 | 148643 | 150640 | 138725 | 583595 |
| International Operations | 161239 | 144264 | 141813 | 149727 | 597043 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Company | 408189 | 392756 | 402511 | 394485 | 1597941 |
| **U.S. Property & Casualty** |  |  |  |  |  |
| Global Technical Services | 7986 | 8514 | 9491 | 9528 | 35519 |
| Claims Solutions | 28364 | 28046 | 27216 | 26371 | 109997 |
| Contractor Connection | 33069 | 29138 | 31360 | 28137 | 121704 |
| Catastrophe Services | 31944 | 34151 | 41991 | 41997 | 150083 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total U.S. Property & Casualty | 101363 | 99849 | 110058 | 106033 | 417303 |
| **Broadspire** |  |  |  |  |  |
| Claims Management | 94265 | 97163 | 100121 | 90047 | 381596 |
| Medical Management | 41433 | 41404 | 40680 | 39847 | 163364 |
| Subrogation | 9889 | 10076 | 9839 | 8831 | 38635 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Broadspire | 145587 | 148643 | 150640 | 138725 | 583595 |
| **International Operations** |  |  |  |  |  |
| UK | 39988 | 33033 | 28343 | 28650 | 130014 |
| Europe | 42689 | 46189 | 46244 | 46845 | 181967 |
| Australia | 20321 | 12616 | 9239 | 8632 | 50808 |
| Canada | 25587 | 22984 | 28995 | 19742 | 97308 |
| Asia | 6304 | 5701 | 7346 | 8030 | 27381 |
| Latin America | 26350 | 23741 | 21646 | 37828 | 109565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total International Operations | 161239 | 144264 | 141813 | 149727 | 597043 |
| **AVERAGE FULL TIME EQUIVALENT EMPLOYEE DATA** | **AVERAGE FULL TIME EQUIVALENT EMPLOYEE DATA** | **AVERAGE FULL TIME EQUIVALENT EMPLOYEE DATA** |  |  |  |
| U.S. Property & Casualty | 1939 | 1962 | 2106 | 2253 | 2065 |
| Broadspire | 2750 | 2760 | 2808 | 2843 | 2790 |
| International Operations | 4453 | 4530 | 4546 | 4524 | 4513 |
| Administration | 827 | 851 | 873 | 893 | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Company | 9969 | 10103 | 10333 | 10513 | 10229 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $82190 | $103672 | $126170 | $312032 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 41563 | 45051 | 65619 | 152233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 7673 | 10383 | 12319 | 30375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 1552 | 2909 | 8529 | 12990 |
| **Total Compensation** | 50788 | 58343 | 86467 | 195598 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 1167 | 2154 | 4136 | 7457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3790 | 3468 | 8316 | 15574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1803 | 1447 | 1008 | 4258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 574 | 4239 | 2384 | 7197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 142 | 1072 | (335) | 879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 831 | 304 | 1876 | 3011 |
| **Total Other Operating Expense** | 8307 | 12684 | 17385 | 38376 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 13315 | 20668 | 20098 | 54081 |
| **Total Segment Expenses** | 72410 | 91695 | 123950 | 288055 |
| **Segment Operating Earnings** | $9780 | $11977 | $2220 | $23977 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (6133) |
| Net corporate interest expense |  |  |  | (3944) |
| Non-service pension costs |  |  |  | (2333) |
| Stock option expense |  |  |  | (184) |
| Amortization of acquisition-related intangible assets |  |  |  | (1800) |
| Contingent earnout adjustments |  |  |  | (363) |
| Income before income taxes |  |  |  | 9220 |
| Income taxes |  |  |  | (2480) |
| **Net Income** |  |  |  | 6740 |
| **Net Income Attributable to Noncontrolling Interests** |  |  |  | (56) |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $6684 |

---

(1) Other office and operating expenses include travel and entertainment, automobile expenses, office operating expenses and data processing costs.

(2) Other, net primarily includes bank service charges and advertising expenses.

(3) Allocated corporate, shared services, and administrative costs, comprise of expenses for administrative functions, including direct compensation, payroll taxes, and benefits which are allocated to each segment based on usage.

(4) Unallocated corporate and shared costs and credits represent expenses for the Company's chief executive officer and Board of Directors, certain adjustments to self-insured liabilities, certain unallocated legal and professional fees, and certain adjustments and recoveries to the Company's allowances for estimated credit losses.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** | **Three Months Ended June 30, 2025** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $82500 | $108158 | $132339 | $322997 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 41545 | 47026 | 68387 | 156958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 7601 | 10622 | 12471 | 30694 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 1854 | 3046 | 7307 | 12207 |
| **Total Compensation** | 51000 | 60694 | 88165 | 199859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 1145 | 2163 | 4140 | 7448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3787 | 3317 | 8574 | 15678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1817 | 1448 | 1074 | 4339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 533 | 4995 | 821 | 6349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 787 | 1039 | 730 | 2556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 2160 | 340 | 1860 | 4360 |
| **Total Other Operating Expense** | 10229 | 13302 | 17199 | 40730 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 13820 | 19960 | 19644 | 53424 |
| **Total Segment Expenses** | 75049 | 93956 | 125008 | 294013 |
| **Segment Operating Earnings** | $7451 | $14202 | $7331 | $28984 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (6988) |
| Net corporate interest expense |  |  |  | (3858) |
| Non-service pension costs |  |  |  | (2354) |
| Stock option expense |  |  |  | (214) |
| Amortization of acquisition-related intangible assets |  |  |  | (1825) |
| Contingent earnout adjustments |  |  |  | (80) |
| Income before income taxes |  |  |  | 13665 |
| Income taxes |  |  |  | (5845) |
| **Net Income** |  |  |  | 7820 |
| **Net Income Attributable to Noncontrolling Interests** |  |  |  | (38) |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $7782 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended September 30, 2025** | **Three Months Ended September 30, 2025** | **Three Months Ended September 30, 2025** | **Three Months Ended September 30, 2025** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $76227 | $110618 | $135326 | $322171 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 38096 | 49028 | 69975 | 157099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 7272 | 10831 | 12794 | 30897 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 1802 | 2969 | 8350 | 13121 |
| **Total Compensation** | 47170 | 62828 | 91119 | 201117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 1119 | 2154 | 4228 | 7501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3499 | 3444 | 8448 | 15391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1814 | 1448 | 1060 | 4322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 550 | 5086 | 2010 | 7646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 558 | 793 | 1257 | 2608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | (1077) | (2) | 189 | (890) |
| **Total Other Operating Expense** | 6463 | 12923 | 17192 | 36578 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 12794 | 19581 | 19363 | 51738 |
| **Total Segment Expenses** | 66427 | 95332 | 127674 | 289433 |
| **Segment Operating Earnings** | $9800 | $15286 | $7652 | $32738 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (6147) |
| Net corporate interest expense |  |  |  | (3788) |
| Non-service pension costs |  |  |  | (2363) |
| Stock option expense |  |  |  | (52) |
| Amortization of acquisition-related intangible assets |  |  |  | (2126) |
| Contingent earnout adjustments |  |  |  | (60) |
| Income before income taxes |  |  |  | 18202 |
| Income taxes |  |  |  | (5813) |
| **Net Income** |  |  |  | 12389 |
| **Net Loss Attributable to Noncontrolling Interests** |  |  |  | 19 |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $12408 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $67082 | $107903 | $133536 | $308521 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 37965 | 48807 | 67293 | 154065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 7259 | 10913 | 12972 | 31144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 949 | 2909 | 7757 | 11615 |
| **Total Compensation** | 46173 | 62629 | 88022 | 196824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 929 | 2039 | 4146 | 7114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3460 | 3458 | 8752 | 15670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1670 | 1424 | 1066 | 4160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 558 | 4572 | 2102 | 7232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 980 | 572 | 1216 | 2768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | (752) | 347 | 2492 | 2087 |
| **Total Other Operating Expense** | 6845 | 12412 | 19774 | 39031 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 11984 | 21085 | 19030 | 52099 |
| **Total Segment Expenses** | 65002 | 96126 | 126826 | 287954 |
| **Segment Operating Earnings** | $2080 | $11777 | $6710 | $20567 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (4725) |
| Net corporate interest expense |  |  |  | (3097) |
| Non-service pension costs |  |  |  | (2363) |
| Stock option expense |  |  |  | (159) |
| Amortization of acquisition-related intangible assets |  |  |  | (2680) |
| Restructuring and other costs, net |  |  |  | (13996) |
| Contingent earnout adjustments |  |  |  | (34) |
| Loss before income taxes |  |  |  | (6487) |
| Income taxes |  |  |  | (786) |
| **Net Loss** |  |  |  | (7273) |
| **Net Loss Attributable to Noncontrolling Interests** |  |  |  | 33 |
| **Net Loss Attributable to Shareholders of Crawford & Company** | **Net Loss Attributable to Shareholders of Crawford & Company** |  |  | $(7240) |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** | **Year Ended December 31, 2025** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $307999 | $430351 | $527371 | $1265721 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 159169 | 189912 | 271274 | 620355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 29805 | 42749 | 50556 | 123110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 6157 | 11833 | 31943 | 49933 |
| **Total Compensation** | 195131 | 244494 | 353773 | 793398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 4360 | 8510 | 16650 | 29520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 14536 | 13687 | 34090 | 62313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 7104 | 5767 | 4208 | 17079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 2215 | 18892 | 7317 | 28424 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 2467 | 3476 | 2868 | 8811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 1162 | 989 | 6417 | 8568 |
| **Total Other Operating Expense** | 31844 | 51321 | 71550 | 154715 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 51913 | 81294 | 78135 | 211342 |
| **Total Segment Expenses** | 278888 | 377109 | 503458 | 1159455 |
| **Segment Operating Earnings** | $29111 | $53242 | $23913 | $106266 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (23993) |
| Net corporate interest expense |  |  |  | (14687) |
| Non-service pension costs |  |  |  | (9413) |
| Stock option expense |  |  |  | (609) |
| Amortization of acquisition-related intangible assets |  |  |  | (8431) |
| Restructuring and other costs, net |  |  |  | (13996) |
| Contingent earnout adjustments |  |  |  | (537) |
| Income before income taxes |  |  |  | 34600 |
| Income taxes |  |  |  | (14924) |
| **Net Income** |  |  |  | 19676 |
| **Net Income Attributable to Noncontrolling Interests** |  |  |  | (42) |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $19634 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended March 31, 2024** | **Three Months Ended March 31, 2024** | **Three Months Ended March 31, 2024** | **Three Months Ended March 31, 2024** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $78212 | $101509 | $121933 | $301654 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 40335 | 44110 | 64548 | 148993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 8055 | 10146 | 12406 | 30607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 1866 | 3128 | 5559 | 10553 |
| **Total Compensation** | 50256 | 57384 | 82513 | 190153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 1183 | 2338 | 4646 | 8167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3065 | 3058 | 8442 | 14565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1720 | 1291 | 909 | 3920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 416 | 4206 | 2783 | 7405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 577 | 708 | 945 | 2230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 1298 | 202 | 2231 | 3731 |
| **Total Other Operating Expense** | 8259 | 11803 | 19956 | 40018 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 14025 | 19451 | 19291 | 52767 |
| **Total Segment Expenses** | 72540 | 88638 | 121760 | 282938 |
| **Segment Operating Earnings** | $5672 | $12871 | $173 | $18716 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (6635) |
| Net corporate interest expense |  |  |  | (3596) |
| Non-service pension costs |  |  |  | (2473) |
| Stock option expense |  |  |  | (167) |
| Amortization of acquisition-related intangible assets |  |  |  | (1868) |
| Contingent earnout adjustments |  |  |  | (151) |
| Income before income taxes |  |  |  | 3826 |
| Income taxes |  |  |  | (1047) |
| **Net Income** |  |  |  | 2779 |
| **Net Loss Attributable to Noncontrolling Interests** |  |  |  | 58 |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $2837 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** | **Three Months Ended June 30, 2024** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $85320 | $104423 | $124484 | $314227 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 44657 | 45042 | 64062 | 153761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 8090 | 10204 | 12222 | 30516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 2184 | 3097 | 5791 | 11072 |
| **Total Compensation** | 54931 | 58343 | 82075 | 195349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 1040 | 2353 | 4043 | 7436 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3789 | 2975 | 8525 | 15289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1674 | 1196 | 861 | 3731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 529 | 4368 | 3020 | 7917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 216 | 625 | 1287 | 2128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 2458 | 348 | 2096 | 4902 |
| **Total Other Operating Expense** | 9706 | 11865 | 19832 | 41403 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 15291 | 17990 | 18578 | 51859 |
| **Total Segment Expenses** | 79928 | 88198 | 120485 | 288611 |
| **Segment Operating Earnings** | $5392 | $16225 | $3999 | $25616 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (3548) |
| Net corporate interest expense |  |  |  | (4256) |
| Non-service pension costs |  |  |  | (2399) |
| Stock option expense |  |  |  | (139) |
| Amortization of acquisition-related intangible assets |  |  |  | (1856) |
| Contingent earnout adjustments |  |  |  | (430) |
| Income before income taxes |  |  |  | 12988 |
| Income taxes |  |  |  | (4486) |
| **Net Income** |  |  |  | 8502 |
| **Net Loss Attributable to Noncontrolling Interests** |  |  |  | 82 |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $8584 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended September 30, 2024** | **Three Months Ended September 30, 2024** | **Three Months Ended September 30, 2024** | **Three Months Ended September 30, 2024** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $93693 | $106467 | $129215 | $329375 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 49567 | 46432 | 67201 | 163200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 8352 | 10399 | 11734 | 30485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 2974 | 3152 | 7661 | 13787 |
| **Total Compensation** | 60893 | 59983 | 86596 | 207472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 1134 | 2319 | 4575 | 8028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3854 | 3233 | 8728 | 15815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 1614 | 1159 | 893 | 3666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 487 | 4789 | 2934 | 8210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 619 | 1379 | 1042 | 3040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 1249 | 152 | 2441 | 3842 |
| **Total Other Operating Expense** | 8957 | 13031 | 20613 | 42601 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 13692 | 19330 | 18300 | 51322 |
| **Total Segment Expenses** | 83542 | 92344 | 125509 | 301395 |
| **Segment Operating Earnings** | $10151 | $14123 | $3706 | $27980 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (6145) |
| Net corporate interest expense |  |  |  | (4682) |
| Non-service pension costs |  |  |  | (2441) |
| Stock option expense |  |  |  | (188) |
| Amortization of acquisition-related intangible assets |  |  |  | (1932) |
| Contingent earnout adjustments |  |  |  | 2128 |
| Income before income taxes |  |  |  | 14720 |
| Income taxes |  |  |  | (5333) |
| **Net Income** |  |  |  | 9387 |
| **Net Loss Attributable to Noncontrolling Interests** |  |  |  | 66 |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $9453 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $108617 | $104783 | $133854 | $347254 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 62931 | 47041 | 68558 | 178530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 9470 | 10557 | 11944 | 31971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 2823 | 2773 | 7998 | 13594 |
| **Total Compensation** | 75224 | 60371 | 88500 | 224095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 1057 | 2428 | 4359 | 7844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 3931 | 3320 | 8972 | 16223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 2081 | 1154 | 857 | 4092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 716 | 4795 | 3357 | 8868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 415 | 3827 | 1586 | 5828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 676 | 61 | (638) | 99 |
| **Total Other Operating Expense** | 8876 | 15585 | 18493 | 42954 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 13304 | 18042 | 19964 | 51310 |
| **Total Segment Expenses** | 97404 | 93998 | 126957 | 318359 |
| **Segment Operating Earnings** | $11213 | $10785 | $6897 | $28895 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (10169) |
| Net corporate interest expense |  |  |  | (4328) |
| Non-service pension costs |  |  |  | (2451) |
| Stock option expense |  |  |  | (80) |
| Amortization of acquisition-related intangible assets |  |  |  | (1841) |
| Contingent earnout adjustments |  |  |  | (448) |
| Income before income taxes |  |  |  | 9578 |
| Income taxes |  |  |  | (3717) |
| **Net Income** |  |  |  | 5861 |
| **Net Income Attributable to Noncontrolling Interests** |  |  |  | (139) |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $5722 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** | **CRAWFORD & COMPANY** |
| **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** | **Reportable Segment Information (Unaudited)** |
| **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** | **Revised for Realignment of Reportable Segments** |
|  | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** | **Year Ended December 31, 2024** |
|  | **U.S. Property & Casualty** | **Broadspire** | **International<br>Operations** | **Total** |
|  | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** | **(Dollars In thousands)** |
| **Revenues before reimbursements** | $365842 | $417182 | $509486 | $1292510 |
| Less: |  |  |  |  |
| **Segment Expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Compensation | 197490 | 182625 | 264369 | 644484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benefits and payroll taxes | 33967 | 41306 | 48306 | 123579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-employee labor | 9847 | 12150 | 27009 | 49006 |
| **Total Compensation** | 241304 | 236081 | 339684 | 817069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Office rent and occupancy | 4414 | 9438 | 17623 | 31475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other office operating expense <sup>(1)</sup> | 14639 | 12586 | 34667 | 61892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | 7089 | 4800 | 3520 | 15409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 2148 | 18158 | 12094 | 32400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of risk | 1827 | 6539 | 4860 | 13226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other, net <sup>(2)</sup> | 5681 | 763 | 6130 | 12574 |
| **Total Other Operating Expense** | 35798 | 52284 | 78894 | 166976 |
| Allocated corporate, shared services, and administrative costs <sup>(3)</sup> | 56312 | 74813 | 76133 | 207258 |
| **Total Segment Expenses** | 333414 | 363178 | 494711 | 1191303 |
| **Segment Operating Earnings** | $32428 | $54004 | $14775 | $101207 |
| **Reconciliation of segment operating earnings:** |  |  |  |  |
| Unallocated corporate administrative costs <sup>(4)</sup> |  |  |  | (26497) |
| Net corporate interest expense |  |  |  | (16862) |
| Non-service pension costs |  |  |  | (9764) |
| Stock option expense |  |  |  | (574) |
| Amortization of acquisition-related intangible assets |  |  |  | (7497) |
| Contingent earnout adjustments |  |  |  | 1099 |
| Income before income taxes |  |  |  | 41112 |
| Income taxes |  |  |  | (14583) |
| **Net Income** |  |  |  | 26529 |
| **Net Loss Attributable to Noncontrolling Interests** |  |  |  | 67 |
| **Net Income Attributable to Shareholders of Crawford & Company** | **Net Income Attributable to Shareholders of Crawford & Company** |  |  | $26596 |

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