CRAWFORD & CO

Listed Company

CRD-BCIK 0000025475NYSEAcceleratedInsurance Agents, Brokers & ServiceGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

$1.31B

Net Income

$19.63M

Total Assets

$764.30M

Equity

$173.09M

Shares Out

—

Op. Cash Flow

$101.85M

Business

CRAWFORD & CO is an independent provider of claims management and outsourcing solutions for insurance carriers, brokers and corporate clients. It offers claims management and adjusting, third‑party administration, medical management, legal services, technology solutions, contractor-managed repair, catastrophe response, subrogation and related risk‑management services. The company operates through four reporting segments: North America Loss Adjusting, International Operations, Broadspire and Platform Solutions. It serves property and casualty, workers’ compensation, disability and consumer markets across more than 70 countries via a global network, field adjusters and outsourced service lines.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,311	1,341	1,317	1,231	1,139
Cost of services	944	973	958	925	847
Selling, general, and administrative expenses	294	300	287	256	245
Corporate interest expense, net of interest income	15	17	17	10	7
Restructuring and other costs, net	14	0	0	—	—
Total Costs and Expenses	1,267	1,290	1,261	1,228	1,099
Other Loss	−10	−10	−8	2	3
Income Before Income Taxes	35	41	47	5	44
Provision for Income Taxes	15	15	17	24	13
Net Income	20	27	30	−19	31
Net (Income) Loss Attributable to Noncontrolling Interests	−42,000	67,000	349,000	227,000	144,000
Net Income Attributable to Shareholders of Crawford & Company	20	27	31	−18	31

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	64	55	58	46	53
Accounts receivable, less allowance for expected credit losses of $7,244 and $8,145, respectively	116	142	131	141	134
Unbilled revenues, at estimated billable amounts	127	131	117	126	119
Income taxes receivable	4	5	5	9	5
Prepaid expenses and other current assets	41	40	58	29	35
Total Current Assets	352	374	369	351	346
Net Property and Equipment	17	21	23	28	34
Operating lease right-of-use assets, net	66	79	89	93	99
Goodwill	77	76	77	77	117
Intangible assets arising from business acquisitions, net	66	75	82	88	98
Capitalized software costs, net	113	112	97	83	76
Deferred income tax assets	25	25	26	20	21
Other noncurrent assets	49	42	37	52	62
Total Other Assets	395	409	407	412	473
TOTAL ASSETS	764	804	799	792	853
Short-term borrowings	39	18	15	27	11
Accounts payable	40	51	45	51	48
Accrued compensation and related costs	109	101	98	79	96
Self-insured risks	19	28	33	13	13
Income taxes payable	4	3	6	1	1
Operating lease liability	28	25	24	23	25
Other accrued liabilities	38	38	42	56	77
Deferred revenues	34	36	36	29	32
Total Current Liabilities	310	300	299	279	304
Long-term debt and finance leases, less current installments	151	200	194	212	164
Deferred revenues	23	24	25	25	24
Accrued pension liabilities	18	21	24	26	18
Operating lease liability	54	67	78	85	88
Other noncurrent liabilities	38	37	39	42	43
Total Noncurrent Liabilities	283	348	360	389	337
Additional paid-in capital	92	87	83	78	74
Retained earnings	234	238	229	213	266
Accumulated other comprehensive loss	−202	−217	−219	−215	−180
Shareholders' Investment Attributable to Shareholders of Crawford & Company	173	157	142	125	212
Noncontrolling interests	−2	−2	−2	−1	−568,000
Total Shareholders' Investment	171	156	140	123	211
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	764	804	799	792	853

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	40	36	36	36	40
Deferred income taxes	−3	−3	−12	7	−3
Stock-based compensation costs	5	6	6	5	8
Loss on disposal of property and equipment	3	102,000	646,000	−1	104,000
Contingent earnout adjustments	537,000	−1	4	3	0
Accounts receivable, net	26	−11	12	−16	−5
Unbilled revenues, net	5	−14	12	−19	−10
Accrued or prepaid income taxes	1	−2	13	−7	−7
Accounts payable and accrued liabilities	−10	7	−3	−6	13
Deferred revenues	−3	−1	6	−397,000	4
Accrued retirement costs	8	8	7	−1	−15
Prepaid expenses and other operating activities	9	−555,000	−7	10	32,000
Net cash provided by operating activities	102	52	104	28	54
Acquisitions of property and equipment	−7	−6	−5	−7	−9
Capitalization of computer software costs	−32	−35	−32	−28	−22
Cash proceeds from disposition of business line	2	0	0	—	—
Proceeds from settlement of life insurance policies	295,000	0	0	—	—
Net cash used in investing activities	−36	−42	−37	−58	−71
Cash dividends paid	−14	−14	−13	−12	−13
Payments related to shares received for withholding taxes under employee stock-based compensation plans	−2	−2	−2	−704,000	−1
Proceeds from shares purchased under employee stock-based compensation plans	2	2	2	821,000	2
Repurchases of common stock	−11	−4	−3	−27	−19
Payments of contingent consideration on acquisitions	−1	−3	−7	−2	−2
Increases in short-term and revolving credit facility borrowings	55	70	38	106	113
Payments on short-term and revolving credit facility borrowings	−84	−62	−69	−39	−52
Payments on finance lease obligations	−90,000	−240,000	−60,000	−59,000	−432,000
Capitalized loan costs	−2	0	0	−7,000	−2
Other financing activities	−119,000	−99,000	−229,000	−865,000	—
Net cash used in financing activities	−58	−13	−55	26	25
Effects of exchange rate changes on cash and cash equivalents	198,000	−326,000	386,000	−3	881,000
Increase (decrease) in Cash, Cash Equivalents, and Restricted Cash	8	−3	13	−7	9
Income taxes paid	17	20	16	—	—
Interest paid	17	19	19	—	—

Filings

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