Crawford & Company A ( ($CRD.A) ) has released its Q1 earnings. Here is a breakdown of the information Crawford & Company A presented to its investors.
Crawford & Company, headquartered in Atlanta, is a prominent provider of claims management and outsourcing solutions, serving insurance companies and self-insured entities across more than 70 countries. The company operates in the insurance services sector and is known for its expansive global network and dual-class stock structure.
In the first quarter of 2025, Crawford & Company reported a 3% increase in revenues before reimbursements, reaching $312 million compared to the previous year. Net income saw a significant rise to $6.7 million, or $0.13 per diluted share, from $2.8 million, or $0.06 per diluted share, in the same period last year.
Key financial highlights include a 47% increase in consolidated adjusted operating earnings and a 30% rise in adjusted EBITDA. The North America Loss Adjusting segment experienced a 3.1% revenue growth, while the International Operations segment saw a 6.4% increase in revenues. Broadspire maintained modest growth, and Platform Solutions improved its profitability despite a slight decline in revenue.
Looking ahead, Crawford & Company remains focused on continuing its growth trajectory by investing in business expansion, enhancing liquidity, and strengthening its balance sheet. The management is committed to building on the momentum achieved in the first quarter as it executes its strategic initiatives.