Crawford & Company Q1 2023 Earnings Report

Crawford & Company EPS Results

• Actual EPS: $0.28
• Consensus EPS: $0.17
• Beat/Miss: Beat by +$0.11
• One Year Ago EPS: N/A

Crawford & Company Revenue Results

• Actual Revenue: $312.99 million
• Expected Revenue: $298.53 million
• Beat/Miss: Beat by +$14.46 million
• YoY Revenue Growth: N/A

Crawford & Company Announcement Details

• Quarter: Q1 2023
• Date: 5/3/2023
• Time: N/A

Crawford & Company (NYSE:CRD.B) provides claims management and outsourcing solutions for carriers, brokers, and corporations in the United States, the United Kingdom, Europe, Canada, Australia, and internationally. The company's Crawford Claims Solutions segment offers claims management services to insurance carriers and self-insured entities related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, as well as personal property and marine losses. It also offers services in the areas of field investigation, catastrophe, evaluation, and resolution of property and casualty insurance claims; and various on-demand inspection, verification, and other task specific field services for businesses and consumers through a mobile platform. Its Crawford TPA Solutions segment provides claims and risk management services for corporations in the self-insured or commercially-insured marketplace; desktop claim adjusting and claims evaluation services; initial loss reporting services for claimants; and loss mitigation and risk management information services, as well as administers loss funds established to pay claims. This segment also offers third party administration for workers' compensation, auto and liability, disability absence and medical management, and accident and health products. The company's Crawford Specialty Solutions segment offers claims management services for insurance companies and self-insured entities related to large and complex losses to commercial property, aviation, forensic accounting, transportation, retail, building and construction, cyber, and energy industries. It also provides customer-centric solutions for various loss types comprising high-frequency and low-complexity claims to large complex repairs; and outsourced contractor management services to personal and commercial insurance carriers and consumer markets. The company was founded in 1941 and is headquartered in Atlanta, Georgia.