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Accumulated Other Comprehensive Loss
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss

8. Accumulated Other Comprehensive Loss

Comprehensive (loss) income for the Company consists of the total of net income, foreign currency translation adjustments, and accrued pension adjustments. Foreign currency translation adjustments include the net realized gains from intra-entity loans that are long-term in nature of $514,000 and $343,000 for the three and six months ended June 30, 2025, respectively. The changes in components of "Accumulated other comprehensive loss" ("AOCL"), net of taxes and noncontrolling interests, included in the Company's unaudited condensed consolidated financial statements were as follows:

 

 

 

Three Months Ended June 30, 2025

 

 

Six Months Ended June 30, 2025

 

(in thousands)

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities (1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities (1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

Beginning balance

 

$

(53,829

)

 

$

(164,559

)

 

$

(218,388

)

 

$

(50,079

)

 

$

(167,046

)

 

$

(217,125

)

Other comprehensive income before reclassifications

 

 

7,082

 

 

 

—

 

 

 

7,082

 

 

 

3,332

 

 

 

—

 

 

 

3,332

 

Amounts reclassified from accumulated other comprehensive income to net income

 

 

—

 

 

 

2,534

 

 

 

2,534

 

 

 

—

 

 

 

5,021

 

 

 

5,021

 

Net current period other comprehensive income

 

 

7,082

 

 

 

2,534

 

 

 

9,616

 

 

 

3,332

 

 

 

5,021

 

 

 

8,353

 

Ending balance

 

$

(46,747

)

 

$

(162,025

)

 

$

(208,772

)

 

$

(46,747

)

 

$

(162,025

)

 

$

(208,772

)

 

 

 

Three Months Ended June 30, 2024

 

 

Six Months Ended June 30, 2024

 

(in thousands)

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities (1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

 

Foreign
currency
translation
adjustments

 

 

Retirement
liabilities (1)

 

 

AOCL
attributable
to shareholders
of Crawford &
Company

 

Beginning balance

 

$

(48,222

)

 

$

(166,570

)

 

$

(214,792

)

 

$

(49,486

)

 

$

(169,129

)

 

$

(218,615

)

Other comprehensive income before reclassifications

 

 

(2,116

)

 

 

—

 

 

 

(2,116

)

 

 

(852

)

 

 

 

 

 

(852

)

Amounts reclassified from accumulated other comprehensive income to net income

 

 

—

 

 

 

2,506

 

 

 

2,506

 

 

 

 

 

 

5,065

 

 

 

5,065

 

Net current period other comprehensive income

 

 

(2,116

)

 

 

2,506

 

 

 

390

 

 

 

(852

)

 

 

5,065

 

 

 

4,213

 

Ending balance

 

$

(50,338

)

 

$

(164,064

)

 

$

(214,402

)

 

$

(50,338

)

 

$

(164,064

)

 

$

(214,402

)

 

(1) Retirement liabilities reclassified to net income are related to the amortization of actuarial losses and are included in "Other Loss, net" in the Company's unaudited Condensed Consolidated Statements of Operations. See Note 6, "Defined Benefit Pension Plans" for additional details.

The other comprehensive (loss) income amounts attributable to noncontrolling interests presented in the Company's unaudited Condensed Consolidated Statements of Shareholders' Investment are foreign currency translation adjustments.