Crawford & Company B ( ($CRD.B) ) has released its Q2 earnings. Here is a breakdown of the information Crawford & Company B presented to its investors.
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Crawford & Company, headquartered in Atlanta, is a prominent provider of claims management and outsourcing solutions for insurance companies and self-insured entities, with operations spanning over 70 countries. In its latest earnings report for the second quarter of 2025, Crawford & Company reported a 3% increase in revenues to $323.0 million compared to the same period last year. However, net income saw a decline to $7.8 million from $8.6 million in the previous year. Despite the drop in net income, the company increased its quarterly dividend to $0.075, reflecting confidence in its financial trajectory.
The company highlighted growth in three of its four operating segments, with notable revenue increases in International Operations and Broadspire. International Operations saw a 6.6% rise in revenues, driven by growth in the U.K., Europe, and Asia, while Broadspire set a new quarterly revenue record. However, the North America Loss Adjusting segment faced revenue pressure due to lower claims frequency in U.S. property, and Platform Solutions experienced a decline in revenues by 9.2%.
Operating earnings for the North America Loss Adjusting segment decreased slightly, while International Operations and Platform Solutions saw significant improvements in operating earnings. Broadspire’s operating earnings declined due to increased administrative costs. The company’s consolidated operating margin was slightly down year-over-year but showed improvement from the first quarter.
Looking ahead, Crawford & Company remains optimistic about its prospects for the second half of 2025, particularly as it prepares to support clients during the severe weather season in the U.S. The company’s strong balance sheet and liquidity position it well to invest in business growth and service delivery, aiming to capture new business opportunities globally.