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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The changes in components of "Accumulated other comprehensive loss" ("AOCL"), net of taxes and noncontrolling interests, included in the Company's Consolidated Balance Sheets were as follows:

 

 

 

Foreign currency
translation
adjustments

 

 

Retirement
liabilities

 

 

AOCL
attributable to
shareholders of
Crawford &
Company

 

 

 

(In thousands)

 

Balance at December 31, 2021

 

$

(21,760

)

 

$

(158,681

)

 

$

(180,441

)

Other comprehensive loss before reclassifications

 

 

(30,821

)

 

 

 

 

 

(30,821

)

Unrealized net losses arising during the year

 

 

 

 

 

(11,704

)

 

 

(11,704

)

Amounts reclassified from accumulated other comprehensive income to net income (1)

 

 

 

 

 

7,645

 

 

 

7,645

 

Net current period other comprehensive loss

 

 

(30,821

)

 

 

(4,059

)

 

 

(34,880

)

Balance at December 31, 2022

 

 

(52,581

)

 

 

(162,740

)

 

 

(215,321

)

Other comprehensive income before reclassifications

 

 

3,095

 

 

 

 

 

 

3,095

 

Unrealized net losses arising during the year

 

 

 

 

 

(15,740

)

 

 

(15,740

)

Amounts reclassified from accumulated other comprehensive income to net income (1)

 

 

 

 

 

9,351

 

 

 

9,351

 

Net current period other comprehensive income (loss)

 

 

3,095

 

 

 

(6,389

)

 

 

(3,294

)

Balance at December 31, 2023

 

$

(49,486

)

 

$

(169,129

)

 

$

(218,615

)

(1)
Retirement liabilities reclassified to net income are related to the amortization of actuarial losses and are included in "Selling, general, and administrative expenses" in the Company's Consolidated Statements of Operations. See Note 8, "Retirement Plans" for additional details.