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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The following table presents North America Loss Adjusting revenues before reimbursements disaggregated by geography for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,
2025

 

 

March 31,
2024

 

U.S.

 

$

57,964

 

 

$

53,524

 

Canada

 

 

21,776

 

 

 

23,841

 

Total North America Loss Adjusting Revenues before Reimbursements

 

$

79,740

 

 

$

77,365

 

 

The following table presents International Operations revenues before reimbursements disaggregated by geography and service line for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,
2025

 

 

March 31,
2024

 

U.K.

 

$

41,809

 

 

$

37,899

 

Europe

 

 

26,184

 

 

 

23,621

 

Australia

 

 

16,578

 

 

 

17,280

 

Asia

 

 

6,167

 

 

 

5,369

 

Latin America

 

 

8,012

 

 

 

8,196

 

International Loss Adjusting

 

$

98,750

 

 

$

92,365

 

 

 

 

 

 

 

 

U.K.

 

$

2,533

 

 

$

2,356

 

Australia

 

 

2,470

 

 

 

2,381

 

Latin America

 

 

641

 

 

 

990

 

Crawford Legal Services

 

$

5,644

 

 

$

5,727

 

Total International Operations Revenues before Reimbursements

 

$

104,394

 

 

$

98,092

 

The following table presents Broadspire revenues before reimbursements disaggregated by service line for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,
2025

 

 

March 31,
2024

 

Claims Management

 

$

49,654

 

 

$

48,398

 

Medical Management

 

 

46,730

 

 

 

45,900

 

Total Broadspire Revenues before Reimbursements

 

$

96,384

 

 

$

94,298

 

The following table presents Platform Solutions revenues before reimbursements disaggregated by service line for the three months ended March 31, 2025 and 2024:

 

 

 

Three Months Ended

 

(in thousands)

 

March 31,
2025

 

 

March 31,
2024

 

Contractor Connection

 

$

16,901

 

 

$

16,945

 

Networks

 

 

7,325

 

 

 

7,743

 

Subrogation

 

 

7,288

 

 

 

7,211

 

Total Platform Solutions Revenues before Reimbursements

 

$

31,514

 

 

$

31,899

 

Schedule of Customer Contract Liabilities

The table below presents the deferred revenues balance as of January 1, 2025 and the significant activity affecting deferred revenues during the three months ended March 31, 2025:

 

(In Thousands)

 

 

 

Customer Contract Liabilities

 

Deferred
Revenue

 

Balance at January 1, 2025

 

$

59,685

 

Quarterly additions

 

 

25,100

 

Revenue recognized from the prior periods

 

 

(15,874

)

Revenue recognized from current quarter additions

 

 

(9,406

)

Balance as of March 31, 2025

 

$

59,505