Crawford & Company Reports Steady 2024 Q3 Performance

Crawford & Company B ( ($CRD.B) ) has released its Q3 earnings. Here is a breakdown of the information Crawford & Company B presented to its investors.

Crawford & Company, a global provider of claims management and outsourcing solutions, serves insurance companies and self-insured entities in over 70 countries. The company recently reported its financial results for the third quarter of 2024, highlighting stable revenue in non-weather-dependent businesses and record performance in its Broadspire segment, amidst challenges in North America due to low storm activity. This quarter, Crawford & Company saw consolidated revenues of $329.4 million, nearly identical to the previous year, while net income attributable to shareholders fell to $9.5 million from $12.3 million. The Broadspire segment achieved a new quarterly revenue record with a 7.4% increase, and international operations saw revenue growth of 7.8%, driven by strong performance in the U.K. and Europe. However, North America Loss Adjusting faced reduced operating earnings due to decreased weather-related activity, while Platform Solutions experienced a significant drop in revenue, reflecting the weather’s impact. As Crawford & Company moves forward, management remains focused on sustainable growth, new customer acquisition, and operational excellence to deliver value despite the challenges posed by the current benign weather conditions.