CRAWFORD & CO

Crawford & Company reported a significant increase in net income and diluted earnings per share for the second quarter and first half of 2026, despite a slight decrease in total revenues. Net income attributable to shareholders for Q2 2026 surged by 72.8% to $13.45 million, with diluted EPS for Class A common stock rising to $0.27. While total revenues saw a minor dip, the company experienced growth in its International Operations and Broadspire segments, offsetting a decline in U.S. Property & Casualty revenue. Additionally, Crawford & Company engaged in share repurchases and increased dividend payouts during the first half of the year.

Crawford & Company reported strong financial results for the second quarter of 2026, with net income increasing 73% to $13.4 million and diluted EPS rising significantly. Revenues before reimbursements saw a slight decrease to $321.4 million. The company's Board of Directors approved an increase in the quarterly dividend to $0.08 per share, reflecting consistent profitability and strong cash generation. Performance was driven by international operations and Broadspire, alongside new business wins and an active share repurchase program.

Crawford & Company reported a decrease in net income attributable to shareholders to $4.91 million, or $0.10 diluted EPS, for Q1 2026, down from $6.68 million and $0.13 diluted EPS in Q1 2025. Total revenues saw a slight decline to $320.13 million. However, the company significantly improved its net cash provided by operating activities, reaching $3.27 million compared to a net cash use of $13.92 million in the prior year period.

Crawford & Company reported a 1% decrease in Q1 2026 revenues to $309.5 million, with net income falling 27% to $4.9 million and diluted EPS at $0.10. The U.S. Property & Casualty segment saw an 11.3% revenue decline due to lower claims activity, while International Operations grew 4.5%. The company repurchased 468,314 CRD-A shares and 59,555 CRD-B shares and increased its quarterly dividend to $0.075 per share. Management noted a mixed environment with tempered International Operations growth by lower U.S. claims activity.