EX-99.1

Exhibit 99.1

Crawford & Company®

5335 Triangle Parkway

Peachtree Corners, GA 30092

FOR IMMEDIATE RELEASE

CRAWFORD & COMPANY REPORTS 2026 THIRD QUARTER RESULTS

Improved Operating Performance Led by International Operations

ATLANTA, (November 2, 2026) -- Crawford & Company® (NYSE: CRD-A and CRD-B) is pleased to announce its financial results for the third quarter ended September 30, 2026.

Revenues before reimbursements decreased slightly to $321.6 million in the 2026 third quarter from $322.2 million in the 2025 third quarter. Third quarter net income was $15.0 million, or $0.31 per diluted share for CRD-A and CRD-B, compared to $12.4 million, or $0.25 per diluted share for CRD-A and CRD-B in the prior year quarter.


GAAP Consolidated Results
	Three Months Ended September 30,			Nine Months Ended September 30,
(in millions, except per share amounts)	2026	2025	Change	2026	2025	Change
Revenues before reimbursements	$321.6	$322.2	—	$952.6	$957.2	—
Net income attributable to shareholders	15.0	12.4	21%	33.4	26.9	24%
Diluted earnings per share CRD-A	0.31	0.25	24%	0.68	0.54	26%
Diluted earnings per share CRD-B	0.31	0.25	24%	0.68	0.54	26%


Non-GAAP Consolidated Results
	Three Months Ended September 30,			Nine Months Ended September 30,
(in millions, except per share amounts)	2026	2025	Change	2026	2025	Change
Revenues before reimbursements on constant dollar basis	$313.7	$322.2	(3)%	$929.1	$957.2	(3)%
Consolidated adjusted operating earnings	28.8	26.6	8%	72.0	66.4	8%
Consolidated adjusted EBITDA	37.1	36.3	2%	97.0	94.5	3%
Non-GAAP net income attributable to shareholders	17.8	16.1	11%	44.4	37.6	18%
Non-GAAP diluted earnings per share CRD-A	0.37	0.32	16%	0.91	0.75	21%
Non-GAAP diluted earnings per share CRD-B	0.37	0.32	16%	0.91	0.76	20%

“Our third-quarter performance demonstrated Crawford’s ability to deliver improved operating results even in a mixed claims environment,” said Bruce Swain, president and chief executive officer of Crawford & Company. “Our earnings exceeded the prior year and were supported by weather-related claims activity and disciplined cost management in our International segment. We are encouraged by the strength of our client relationships, the growth in our new business pipeline, and the progress we are making to improve execution across the organization. While lower claims frequency and moderating weather-related activity are expected to pressure fourth-quarter results, our priorities remain clear: drive profitable market-share growth, accelerate our U.S. realignment, strengthen operating discipline, and build the capabilities required for long-term success. We believe these actions will strengthen Crawford's competitive position and support our long-term growth objectives.”

Segment Results for the Third Quarter

U.S. Property and Casualty

U.S. Property and Casualty revenues before reimbursements were $76.0 million in the third quarter of 2026, down 0.4% from $76.2 million in the third quarter of 2025, primarily driven by decreases in weather-related claims and staff augmentation levels within our Catastrophe Services business.

The segment had operating earnings of $9.7 million in the 2026 third quarter, decreasing from $9.8 million in the third quarter of 2025. The operating margin was 12.8% in the 2026 quarter, compared with 12.9% in the 2025 quarter. The decrease in operating earnings was primarily driven by the reduction in revenues as compared to the prior year quarter.

U.S. Property and Casualty revenues before reimbursements were $222.9 million in the nine months ended September 30, 2026, decreasing 7.5% from $240.9 million in the 2025 period, primarily driven by decreases in weather-related claims and staff augmentation levels within our Catastrophe Services business and a decrease in Contractor Connection.

The segment had operating earnings of $24.5 million in the nine months ended September 30, 2026, decreasing from $27.0 million in the 2025 period. The operating margin was 11.0% for the nine months ended September 30, 2026, compared with 11.2% in the 2025 period. The decrease in operating earnings was primarily driven by the reduction in revenues as compared to the prior year period.

Broadspire

Broadspire segment revenues before reimbursements were $109.0 million in the 2026 third quarter, decreasing 1.5% from $110.6 million in the 2025 third quarter driven by a reduction in casualty claims and subrogation, partially offset by increases in disability claims.

Broadspire operating earnings were $13.0 million in the third quarter of 2026, representing an operating margin of 11.9%, decreasing from $15.3 million, or 13.8% of revenues in the 2025 period. The decrease was due to the decreased revenues as well as an increase in software amortization costs.

Broadspire segment revenues before reimbursements were $323.1 million in the 2026 year-to-date period, increasing 0.2% from $322.4 million in the 2025 period due to increases in disability claims and medical management revenues.

Broadspire operating earnings were $39.6 million in the nine months ended September 30, 2026, representing an operating margin of 12.2%, decreasing from $41.5 million, or 12.9% of revenues in the 2025 period. The decrease was due to an increase in compensation and software amortization costs, partially offset by a reduction in centralized indirect support expenses.

International Operations

International Operations revenues before reimbursements were $136.7 million in the third quarter of 2026, up 1.0% from $135.3 million in the prior-year quarter. The disposition of the Crawford Legal Services businesses reduced revenues by $4.9 million, while foreign currency exchange rate movements increased revenues by $7.9 million. Excluding the effects of these items, revenues decreased $1.6 million, or 1.2%, from $130.4 million in the third quarter of 2025 to $128.8 million for the third quarter of 2026, driven primarily by a decrease in higher-value third-party administration claims within the U.K., partially offset by increases in third-party administration and weather-related activity within Canada.

Operating earnings were $10.7 million in the 2026 third quarter, increasing from $7.7 million in the 2025 period. The segment’s operating margin for the 2026 quarter increased to 7.8% compared with 5.7% in the 2025 quarter driven by improved operating results within Australia, Canada, and Latin America.

International Operations revenues before reimbursements were $406.5 million in the 2026 year-to-date period, up 3.2% from $393.8 million in the 2025 period. The disposition of the Crawford Legal Services businesses reduced revenues by $12.1 million, while foreign currency exchange rate movements increased revenues by $23.5 million. Excluding the effects of these items, revenues increased $1.6 million, or 0.4%, from $378.2 million for the nine months ended September 30, 2025 to $379.8 million for the nine months ended September 30, 2026, driven primarily by higher weather-related activity in Australia and Asia.

Operating earnings were $25.5 million in the nine months ended September 30, 2026, increasing from $17.2 million in the 2025 period. The segment’s operating margin for the nine months ended September 30, 2026 increased to 6.3% compared with 4.4% in the 2025 period driven by improved operating results within Australia, Canada, and Asia.

Unallocated Corporate and Shared Costs and Credits, Net

Unallocated corporate costs were $4.5 million in the third quarter of 2026, compared with $6.1 million in the same period of 2025. The decrease in the 2026 quarter was primarily due to lower medical self-insurance and compensation expense. Unallocated corporate costs were $17.6 million for the nine months ended September 30, 2026, compared with $19.3 million in the same period of 2025. The decrease in the 2026 year to date period was primarily due to one-time $3.1 million indirect tax expense incurred in 2025, partially offset by increased compensation expense.

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses (“SG&A”) increased $2.3 million, or 3.2%, in the three months ended September 30, 2026 as compared with the 2025 period, primarily due to increases in cloud software costs, insurance, and bad debt expense. SG&A decreased $4.9 million, or 2.2%, in the 2026 year-to-date period as compared with the 2025 period. The decrease was primarily due to a $3.1 million one-time indirect tax expense incurred in 2025 and lower compensation costs, partially offset by a $2.3 million software impairment charge in the 2026 second quarter.

Balance Sheet and Cash Flow

The Company’s consolidated cash and cash equivalents position as of September 30, 2026, totaled $79.0 million, compared with $64.1 million at December 31, 2025. The Company’s total debt outstanding as of September 30, 2026, totaled $225.1 million, compared with $189.1 million at December 31, 2025.

The Company’s operations provided $29.0 million of cash during the first nine months of 2026, compared with $51.7 million provided in 2025. The decrease in cash provided was primarily driven by increases in billed and unbilled receivables, partially offset by higher earnings compared to prior year.

During the first nine months of 2026, the Company repurchased 1,815,458 shares of CRD-A at an average per-share cost of $11.80 and 108,963 shares of CRD-B at an average per-share cost of $10.25. In the first nine months of 2025, the Company repurchased 263,098 shares of CRD-A and 12,846 shares of CRD-B at an average cost of $10.71 and $10.40, respectively.

Conference Call

As previously announced, Crawford & Company will host a conference call on November 3, 2026, at 8:30 a.m. Eastern Time to discuss its third quarter 2026 results. The conference call can be accessed live by dialing 1-833-461-5787 and using Meeting ID 623275442. A presentation for the November 3, 2026 call can also be found on the investor relations portion of the Company’s website, https://ir.crawco.com. The call will be recorded and available for replay through November 10, 2026. You may dial 1-833-309-1852 and use passcode 623275442 to listen to the replay.

Non-GAAP Presentation

In the normal course of business, our operating segments incur certain out-of-pocket expenses that are thereafter reimbursed by our clients. Under U.S. generally accepted accounting principles (“GAAP”), these out-of-pocket expenses and associated reimbursements are required to be included when reporting expenses and revenues, respectively, in our consolidated results of operations. In the foregoing discussion and analysis of segment results of operations, we do not include a gross up of segment expenses and revenues for these pass-through reimbursed expenses. The amounts of reimbursed expenses and related revenues offset each other in our results of operations with no impact to our net income or operating earnings. A reconciliation of revenues before reimbursements to consolidated revenues determined in accordance with GAAP is self-evident from the face of the accompanying unaudited condensed consolidated statements of operations.

Operating earnings is the primary financial performance measure used by our senior management and chief operating decision maker (“CODM”) to evaluate the financial performance of our Company and operating segments, and make resource allocation and certain compensation decisions. Unlike net income, segment operating earnings is not a standard performance measure found in GAAP. We believe this measure is useful to others in that it allows them to evaluate segment and consolidated operating performance using the same criteria used by our senior management and CODM. Consolidated operating earnings represent segment earnings including certain unallocated corporate and shared costs, but before net corporate interest expense, stock option expense, amortization of acquisition-related intangible assets, contingent earnout adjustments, non-service pension costs, loss on disposition of businesses, net, software impairment, income taxes, and net income or loss attributable to noncontrolling interests.

Adjusted EBITDA is not a term defined by GAAP and as a result our measure of adjusted EBITDA might not be comparable to similarly titled measures used by other companies. However, adjusted EBITDA is used by management to evaluate, assess and benchmark our operational results. The Company believes that adjusted EBITDA is relevant and useful information widely used by analysts, investors and other interested parties. Adjusted EBITDA is defined as net income attributable to shareholders of the Company with adjustments for depreciation and amortization, net corporate interest expense, contingent earnout adjustments, non-service pension costs, loss on disposition of businesses, net, software impairment, income taxes, and stock-based compensation expense.

Unallocated corporate and shared costs and credits include expenses and credits related to our chief executive officer and Board of Directors, certain provisions for bad debt allowances or subsequent recoveries such as those related to bankrupt clients, certain unallocated professional fees and certain self-insurance costs and recoveries that are not allocated to our individual operating segments.

Income taxes, net corporate interest expense, stock option expense, amortization of acquisition-related intangible assets, contingent earnout adjustments, and non-service pension costs are recurring components of our net income, but they are not considered part of our segment operating earnings because they are managed on a corporate-wide basis. Income taxes are calculated for the Company on a consolidated basis based on statutory rates in effect in the various jurisdictions in which we provide services and vary significantly by jurisdiction. Net corporate interest expense results from capital structure decisions made by senior management and the Board of Directors, affecting the Company as a whole. Stock option expense represents the non-cash costs generally related to stock options and employee stock purchase plan expenses which are not allocated to our operating segments. Amortization expense is a non-cash expense for finite-lived customer-relationship and trade name intangible assets acquired in business combinations. Contingent earnout adjustments relate to changes in the fair value of earnouts associated with our recent acquisitions. Non-service pension costs represent the U.S. and U.K. non-service defined benefit pension costs, which are non-operating in nature as the U.S. plan was frozen in 2002 and the U.K. plans are closed to new participants. None of these costs relate directly to the performance of our services or operating activities and, therefore, are excluded from segment operating earnings to better assess the results of each segment's operating activities on a consistent basis.

A significant portion of our operations are international. These international operations subject us to foreign exchange fluctuations. The following table illustrates revenue as a percentage of total revenue for the major currencies of the geographic areas in which Crawford does business:


		Three Months Ended				Nine Months Ended
(in thousands)		September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025
Geographic Area	Currency	USD equivalent	% of total	USD equivalent	% of total	USD equivalent	% of total	USD equivalent	% of total
U.S.	USD	$184,918	57.5%	$186,845	58.0%	$546,049	57.3%	$563,365	58.9%
U.K.	GBP	41,036	12.8%	45,476	14.1%	127,220	13.4%	134,140	14.0%
Canada	CAD	25,222	7.8%	22,473	7.0%	72,691	7.6%	67,518	7.1%
Australia	AUD	26,198	8.1%	24,116	7.5%	72,327	7.6%	64,771	6.8%
Europe	EUR	18,365	5.7%	17,237	5.3%	54,255	5.7%	49,911	5.2%
Rest of World	Various	25,889	8.1%	26,024	8.1%	80,050	8.4%	77,495	8.0%
Total Revenues, before reimbursements		$321,628	100.0%	$322,171	100.0%	$952,592	100.0%	$957,200	100.0%

Following is a reconciliation of consolidated operating earnings to net income attributable to shareholders of Crawford & Company on a GAAP basis:


	Three Months Ended						Nine Months Ended
(in thousands)	September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
Operating earnings:
U.S. Property & Casualty	$	9,700		$	9,800		$	24,471		$	27,031
Broadspire		12,974			15,286			39,560			41,465
International Operations		10,668			7,652			25,527			17,203
Unallocated corporate and shared costs, net		(4,510	)		(6,147	)		(17,583	)		(19,268	)
Consolidated operating earnings		28,832			26,591			71,975			66,431
(Deduct) add:
Net corporate interest expense		(2,893	)		(3,788	)		(8,390	)		(11,590	)
Stock option expense		(135	)		(52	)		(435	)		(450	)
Amortization of intangible assets		(1,757	)		(2,126	)		(5,323	)		(5,751	)
Non-service pension costs		(1,720	)		(2,363	)		(5,158	)		(7,050	)
Loss on disposition of businesses, net		—			—			(1,285	)		—
Software impairment		—			—			(2,294	)		—
Contingent earnout adjustments		—			(60	)		180			(503	)
Income tax provision		(7,327	)		(5,813	)		(15,937	)		(14,138	)
Net loss (income) attributable to noncontrolling interests		8			19			28			(75	)
Net income attributable to shareholders of Crawford & Company	$	15,008		$	12,408		$	33,361		$	26,874

Following is a reconciliation of net income attributable to shareholders of Crawford & Company on a GAAP basis to non-GAAP adjusted EBITDA:


	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2026		September 30, 2025		September 30, 2026			September 30, 2025
Net income attributable to shareholders of Crawford & Company	$	15,008	$	12,408	$	33,361		$	26,874
Add (Deduct):
Depreciation and amortization		9,351		10,084		28,436			29,545
Stock-based compensation		775		1,751		2,302			4,836
Net corporate interest expense		2,893		3,788		8,390			11,590
Non-service pension costs		1,720		2,363		5,158			7,050
Loss on disposition of businesses, net		—		—		1,285			—
Software impairment		—		—		2,294			—
Contingent earnout adjustments		—		60		(180	)		503
Income tax provision		7,327		5,813		15,937			14,138
Non-GAAP adjusted EBITDA	$	37,074	$	36,267	$	96,983		$	94,536

Following is a reconciliation of operating cash flow to free cash flow for the nine months ended September 30, 2026 and 2025:


Nine Months Ended
(in thousands)	September 30, 2026			September 30, 2025			Change
Net Cash Provided by Operating Activities	$	28,986		$	51,715		$	(22,729	)
Less:
Property & Equipment Purchases, net		(4,063	)		(3,765	)		(298	)
Capitalized Software (internal and external costs)		(17,507	)		(23,821	)		6,314
Free Cash Flow	$	7,416		$	24,129		$	(16,713	)

Non-GAAP consolidated results for 2026 and 2025 exclude the non-cash, after-tax adjustments for amortization of intangible assets, non-service-related pension costs, loss on disposition of businesses, net, software impairment, and contingent earnout adjustments.

Following are the reconciliations of GAAP Pretax Earnings, Net Income and Earnings Per Share to related non-GAAP Adjusted figures, which reflect each of 2026 and 2025 before amortization of intangible assets, non-service related pension costs, loss on disposition of businesses, net, software impairment, and contingent earnout adjustments:


Three Months Ended September 30, 2026
(in thousands)	Pretax earnings		Net income attributable to Crawford & Company		Diluted earnings per CRD-A share		Diluted earnings per CRD-B share
GAAP	$	22,327	$	15,008	$	0.31	$	0.31
Adjustments:
Amortization of intangible assets		1,757		1,482		0.03		0.03
Non-service pension costs		1,720		1,323		0.03		0.03
Non-GAAP Adjusted	$	25,804	$	17,813	$	0.37	$	0.37


Three Months Ended September 30, 2025
(in thousands)	Pretax earnings		Net income attributable to Crawford & Company		Diluted earnings per CRD-A share(1)		Diluted earnings per CRD-B share(1)
GAAP	$	18,202	$	12,408	$	0.25	$	0.25
Adjustments:
Amortization of intangible assets		2,126		1,814		0.04		0.04
Non-service pension costs		2,363		1,831		0.04		0.04
Contingent earnout adjustments		60		60		-		-
Non-GAAP Adjusted	$	22,751	$	16,113	$	0.32	$	0.32


Nine Months Ended September 30, 2026
(in thousands)	Pretax earnings			Net income attributable to Crawford & Company			Diluted earnings per CRD-A share(1)		Diluted earnings per CRD-B share(1)
GAAP	$	49,270		$	33,361		$	0.68	$	0.68
Adjustments:
Amortization of intangible assets		5,323			4,488			0.09		0.09
Non-service pension costs		5,158			3,966			0.08		0.08
Loss on disposition of businesses, net		1,285			1,090			0.02		0.02
Software impairment		2,294			1,695			0.03		0.03
Contingent earnout adjustments		(180	)		(180	)		-		-
Non-GAAP Adjusted	$	63,150		$	44,420		$	0.91	$	0.91


Nine Months Ended September 30, 2025
(in thousands)	Pretax earnings		Net income attributable to Crawford & Company		Diluted earnings per CRD-A share(1)		Diluted earnings per CRD-B share
GAAP	$	41,087	$	26,874	$	0.54	$	0.54
Adjustments:
Amortization of intangible assets		5,751		4,814		0.10		0.10
Non-service pension costs		7,050		5,457		0.11		0.11
Contingent earnout adjustments		503		503		0.01		0.01
Non-GAAP Adjusted	$	54,391	$	37,648	$	0.75	$	0.76

(1) Sum of reconciling items may differ from total due to rounding of individual components.

Following is information regarding the weighted average shares used in the computation of basic and diluted earnings per share:


	Three Months Ended				Nine Months Ended
(in thousands)	September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025
Weighted-Average Shares Used to Compute Basic Earnings Per Share:
Class A Common Stock		29,157		30,428		29,540		30,303
Class B Common Stock		18,907		19,142		18,944		19,144
Weighted-Average Shares Used to Compute Diluted Earnings Per Share:
Class A Common Stock		29,603		30,925		30,018		30,805
Class B Common Stock		18,907		19,142		18,944		19,144

Further information regarding the Company’s operating results for the three and nine months ended September 30, 2026, financial position as of September 30, 2026, and cash flows for the nine months ended September 30, 2026 is shown on the attached unaudited condensed consolidated financial statements.

About Crawford & Company

Based in Atlanta, Crawford & Company (NYSE: CRD-A and CRD-B) is a leading provider of claims management and outsourcing solutions to insurance companies and self-insured entities with an expansive network serving clients in more than 70 countries. The Company's two classes of stock are substantially identical, except with respect to voting rights for the Class B Common Stock (CRD-B) and protections for the non-voting Class A Common Stock (CRD-A). More information is available at www.crawco.com.

TAG: Crawford-Financial, Crawford-Investor-News-and-Events

FOR FURTHER INFORMATION REGARDING THIS PRESS RELEASE, PLEASE CALL HOLLY BOUDREAU AT (404) 220-4388.

     This press release contains forward-looking statements, including statements about the expected future financial condition, results of operations and earnings outlook of Crawford & Company. Statements, both qualitative and quantitative, that are not historical facts may be “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from historical experience or Crawford & Company’s present expectations. Accordingly, no one should place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Crawford & Company does not undertake to update forward-looking statements to reflect the impact of circumstances or events that may arise or not arise after the date the forward-looking statements are made. For further information regarding Crawford & Company, including factors that could cause our actual financial condition, results or earnings to differ from those described in any forward-looking statements, please read Crawford & Company’s reports filed with the SEC and available at www.sec.gov and in the Investor Relations section of Crawford & Company’s website at www.crawco.com.

    

CRAWFORD & COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, Except Per Share Amounts and Percentages)


Three Months Ended September 30,	2026			2025			% Change

Revenues:
Revenues Before Reimbursements	$	321,628		$	322,171			(0	)%
Reimbursements		8,279			10,636			(22	)%
Total Revenues		329,907			332,807			(1	)%

Costs and Expenses:
Costs of Services Provided, Before Reimbursements		222,981			228,379			(2	)%
Reimbursements		8,279			10,636			(22	)%
Total Costs of Services		231,260			239,015			(3	)%

Selling, General, and Administrative Expenses		71,646			69,393			3	%
Corporate Interest Expense, Net		2,893			3,788			(24	)%
Total Costs and Expenses		305,799			312,196			(2	)%

Other Loss, Net		(1,781	)		(2,409	)		(26	)%

Income Before Income Taxes		22,327			18,202			23	%
Provision for Income Taxes		7,327			5,813			26	%

Net Income		15,000			12,389			21	%

Net Loss Attributable to Noncontrolling Interests		8			19			(58	)%

Net Income Attributable to Shareholders of Crawford & Company	$	15,008		$	12,408			21	%

Earnings Per Share - Basic:
Class A Common Stock	$	0.31		$	0.25			24	%
Class B Common Stock	$	0.31		$	0.25			24	%

Earnings Per Share - Diluted:
Class A Common Stock	$	0.31		$	0.25			24	%
Class B Common Stock	$	0.31		$	0.25			24	%

Cash Dividends Per Share:
Class A Common Stock	$	0.08		$	0.075			7	%
Class B Common Stock	$	0.08		$	0.075			7	%

CRAWFORD & COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, Except Per Share Amounts and Percentages)


Nine Months Ended September 30,	2026			2025			% Change

Revenues:
Revenues Before Reimbursements	$	952,592		$	957,200			(0	)%
Reimbursements		27,465			33,541			(18	)%
Total Revenues		980,057			990,741			(1	)%

Costs and Expenses:
Costs of Services Provided, Before Reimbursements		670,839			674,996			(1	)%
Reimbursements		27,465			33,541			(18	)%
Total Costs of Services		698,304			708,537			(1	)%

Selling, General, and Administrative Expenses		217,452			222,317			(2	)%
Corporate Interest Expense, Net		8,390			11,590			(28	)%
Loss on Disposition of Businesses, Net		1,285			-		nm
Total Costs and Expenses		925,431			942,444			(2	)%

Other Loss, Net		(5,356	)		(7,210	)		(26	)%

Income Before Income Taxes		49,270			41,087			20	%
Provision for Income Taxes		15,937			14,138			13	%

Net Income		33,333			26,949			24	%

Net Loss (Income) Attributable to Noncontrolling Interests		28			(75	)		137	%

Net Income Attributable to Shareholders of Crawford & Company	$	33,361		$	26,874			24	%

Earnings Per Share - Basic:
Class A Common Stock	$	0.69		$	0.54			28	%
Class B Common Stock	$	0.69		$	0.54			28	%

Earnings Per Share - Diluted:
Class A Common Stock	$	0.68		$	0.54			26	%
Class B Common Stock	$	0.68		$	0.54			26	%

Cash Dividends Per Share:
Class A Common Stock	$	0.23		$	0.215			7	%
Class B Common Stock	$	0.23		$	0.215			7	%

CRAWFORD & COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

As of September 30, 2026 and December 31, 2025

(In Thousands, Except Par Values)


	September 30,			December 31,
	2026			2025
(In thousands, except par value amounts)	(Unaudited)			*
ASSETS

Current Assets:
Cash and Cash Equivalents	$	79,032		$	64,079
Accounts Receivable, Net		124,089			115,661
Unbilled Revenues, at Estimated Billable Amounts		135,813			126,960
Income Taxes Receivable		3,901			4,350
Prepaid Expenses and Other Current Assets		37,532			41,362
Total Current Assets		380,367			352,412

Net Property and Equipment		14,832			16,649

Other Assets:
Operating Lease Right-of-Use Asset, Net		56,634			66,322
Goodwill		76,430			76,569
Intangible Assets Arising from Business Acquisitions, Net		61,073			66,352
Capitalized Software Costs, Net		110,073			112,812
Deferred Income Tax Assets		22,236			24,684
Other Noncurrent Assets		47,462			48,500
Total Other Assets		373,908			395,239

Total Assets	$	769,107		$	764,300

LIABILITIES AND SHAREHOLDERS’ INVESTMENT

Current Liabilities:
Short-Term Borrowings	$	74,500		$	38,500
Accounts Payable		40,061			39,769
Accrued Compensation and Related Costs		88,780			108,878
Self-Insured Risks		17,642			19,095
Income Taxes Payable		5,052			3,874
Operating Lease Liability		25,534			27,650
Other Accrued Liabilities		38,040			37,970
Deferred Revenues		34,302			33,834
Total Current Liabilities		323,911			309,570

Noncurrent Liabilities:
Long-Term Debt and Finance Leases, Less Current Installments		150,573			150,593
Operating Lease Liability		42,136			53,531
Deferred Revenues		24,447			23,259
Accrued Pension Liabilities		12,760			17,910
Other Noncurrent Liabilities		31,407			38,005
Total Noncurrent Liabilities		261,323			283,298

Shareholders’ Investment:
Class A Common Stock, $1.00 Par Value		28,754			29,860
Class B Common Stock, $1.00 Par Value		18,905			19,014
Additional Paid-in Capital		94,056			92,251
Retained Earnings		235,342			233,708
Accumulated Other Comprehensive Loss		(191,317	)		(201,740	)
Shareholders’ Investment Attributable to Shareholders of Crawford & Company		185,740			173,093
Noncontrolling Interests		(1,867	)		(1,661	)
Total Shareholders’ Investment		183,873			171,432

Total Liabilities and Shareholders’ Investment	$	769,107		$	764,300

(*)Derived from the audited Consolidated Balance Sheet

CRAWFORD & COMPANY

SUMMARY RESULTS BY OPERATING SEGMENT WITH DIRECT COMPENSATION AND OTHER EXPENSES

(In Thousands, Except Percentages)

Three Months Ended September 30,


	U.S. Property & Casualty						%	Broadspire						%	International Operations						%
	2026			2025			Change	2026			2025			Change	2026			2025			Change

Revenues Before Reimbursements	$	75,953		$	76,227		(0.4)%	$	108,965		$	110,618		(1.5)%	$	136,710		$	135,326		1.0%

Direct Compensation, Fringe Benefits & Non-Employee Labor		46,872			47,170		(0.6)%		62,011			62,828		(1.3)%		88,132			91,119		(3.3)%

% of Revenues Before Reimbursements		61.7	%		61.9	%			56.9	%		56.8	%			64.5	%		67.3	%

Expenses Other than Reimbursements, Direct Compensation, Fringe Benefits & Non-Employee Labor		19,381			19,257		0.6%		33,980			32,504		4.5%		37,910			36,555		3.7%

% of Revenues Before Reimbursements		25.5	%		25.3	%			31.2	%		29.4	%			27.7	%		27.0	%

Total Operating Expenses		66,253			66,427		(0.3)%		95,991			95,332		0.7%		126,042			127,674		(1.3)%

Operating Earnings (1)	$	9,700		$	9,800		(1.0)%	$	12,974		$	15,286		(15.1)%	$	10,668		$	7,652		39.4%

% of Revenues Before Reimbursements		12.8	%		12.9	%			11.9	%		13.8	%			7.8	%		5.7	%

Nine Months Ended September 30,


	U.S. Property & Casualty						%	Broadspire						%	International Operations						%
	2026			2025			Change	2026			2025			Change	2026			2025			Change

Revenues Before Reimbursements	$	222,903		$	240,917		(7.5)%	$	323,146		$	322,448		0.2%	$	406,543		$	393,835		3.2%

Direct Compensation, Fringe Benefits & Non-Employee Labor		137,854			148,958		(7.5)%		182,959			181,865		0.6%		267,460			265,751		0.6%

% of Revenues Before Reimbursements		61.8	%		61.8	%			56.6	%		56.4	%			65.8	%		67.5	%

Expenses Other than Reimbursements, Direct Compensation, Fringe Benefits & Non-Employee Labor		60,578			64,928		(6.7)%		100,627			99,118		1.5%		113,556			110,881		2.4%

% of Revenues Before Reimbursements		27.2	%		27.0	%			31.1	%		30.7	%			27.9	%		28.2	%

Total Operating Expenses		198,432			213,886		(7.2)%		283,586			280,983		0.9%		381,016			376,632		1.2%

Operating Earnings(1)	$	24,471		$	27,031		(9.5)%	$	39,560		$	41,465		(4.6)%	$	25,527		$	17,203		48.4%

% of Revenues Before Reimbursements		11.0	%		11.2	%			12.2	%		12.9	%			6.3	%		4.4	%

(1) A non-GAAP financial measurement which represents net income attributable to the applicable reporting segment excluding income taxes, net corporate interest expense, stock option expense, amortization of acquisition-related intangible assets, non-service pension costs, contingent earnout adjustments, loss on disposition of businesses, net, software impairment, and certain unallocated corporate and shared costs and credits. See pages 3 and 4 for additional information about segment operating earnings.

CRAWFORD & COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Year-to-Date Period Ended September 30, 2026 and September 30, 2025

(In Thousands)


	2026			2025
Cash Flows From Operating Activities:
Net income	$	33,333		$	26,949
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization		28,436			29,545
Software impairment		2,294			—
Stock-based compensation		2,302			4,836
Loss on disposal of property and equipment		21			1,021
Loss on disposition of businesses, net		1,285			—
Contingent earnout adjustments		(180	)		503
Changes in operating assets and liabilities:
Accounts receivable, net		(9,235	)		13,153
Unbilled revenues, net		(12,389	)		(3,146	)
Accrued or prepaid income taxes		2,487			74
Accounts payable and accrued liabilities		(23,635	)		(23,557	)
Deferred revenues		1,471			(272	)
Accrued retirement costs		(895	)		5,098
Prepaid expenses and other operating activities		3,691			(2,489	)
Net cash provided by operating activities		28,986			51,715

Cash Flows From Investing Activities:
Acquisitions of property and equipment		(4,063	)		(3,765	)
Capitalization of computer software costs		(17,507	)		(23,821	)
Proceeds from settlement of life insurance policies		—			295
Proceeds from business dispositions, net of cash		5,307			2,046
Net cash used in investing activities		(16,263	)		(25,245	)

Cash Flows From Financing Activities:
Cash dividends paid		(11,118	)		(10,639	)
Payments related to shares received for withholding taxes under employee stock-based compensation plans		(1,955	)		—
Repurchases of common stock		(22,533	)		(2,953	)
Increases in short-term and revolving credit facility borrowings		54,000			54,720
Payments on short-term and revolving credit facility borrowings		(18,000	)		(55,449	)
Payments of contingent consideration on acquisitions		(95	)		(1,326	)
Increases in fiduciary liabilities		1,574			—
Other financing activities		1,977			1,840
Net provided (used) in financing activities		3,850			(13,807	)

Effects of exchange rate changes on cash and cash equivalents		47			123
Increase in cash, cash equivalents, and restricted cash(1)		16,620			12,786
Cash, cash equivalents, and restricted cash at beginning of year(1)		64,546			56,329
Cash, cash equivalents, and restricted cash at end of period(1)	$	81,166		$	69,115

Supplemental cash flow information:
Income taxes paid	$	13,781		$	13,304
Interest paid		10,001			13,504

(1) The 2026 amounts include beginning restricted cash of $467 at December 31, 2025, and ending restricted cash of $2,134 at September 30, 2026, and the 2025 amounts include beginning restricted cash of $917 at December 31, 2024, and ending restricted cash of $348 at September 30, 2025, which we present as part of "Prepaid expenses and other current assets" on the Balance Sheets.