Crawford Expects Lower Claims Frequency to Pressure Fourth-Quarter Results

Crawford & Company expects lower claims frequency and moderating weather-related activity to pressure fourth-quarter results, as the claims management company posted $15 million in net income attributable to shareholders for the third quarter.

Revenue before reimbursements was $321.6 million for the quarter ended Sept. 30, compared with $322.2 million a year earlier. Diluted earnings per share were 31 cents for both CRD-A and CRD-B. Adjusted operating earnings, a non-GAAP measure, increased 8% to $28.8 million. Non-GAAP diluted earnings per share rose 16% to 37 cents for both share classes.

International Operations recorded $136.7 million in revenue before reimbursements and $10.7 million in operating earnings, up from $7.7 million a year earlier. Results improved in Australia, Canada and Latin America.

Cash from operations totaled $29 million for the first nine months of 2026, compared with $51.7 million in the same period last year. Higher billed and unbilled receivables primarily drove the decline.