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.

Source: TokenPost