Crawford & Company Reports 2024 Third Quarter Results
Financial Performance Overview: Crawford & Company reported third-quarter 2024 revenues of $329.4 million, slightly down from $330.1 million in the previous year, with net income attributable to shareholders decreasing to $9.5 million from $12.3 million in Q3 2023. The company experienced growth in its International Operations and Broadspire segments, while North America Loss Adjusting revenues remained stable.
Operational Insights: The company's diversified business model helped mitigate challenges from lower weather-related activity, particularly affecting the North America Loss Adjusting and Platform Solutions segments. Despite a decrease in overall cash flow from operations compared to the previous year, Crawford & Company remains focused on sustainable growth and strategic partnerships.
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Crawford & Company® Announces Change in Leadership; W. Bruce Swain, Jr. Appointed as Interim President & CEO
Leadership Transition: Rohit Verma will step down as CEO of Crawford & Company effective December 31, 2025, to pursue a new opportunity, with W. Bruce Swain, Jr. appointed as interim president and CEO starting January 1, 2026.
Experience and Confidence: Swain, currently the chief financial officer, brings over 30 years of experience at Crawford and is expected to guide the company through its next phase, supported by the board's confidence in his leadership.
Successor for CFO Role: Holly Boudreau will succeed Swain as chief financial officer on January 1, 2026, bringing her expertise as a CPA and her experience in finance transformation at Crawford.
Company's Strength: Crawford is entering this leadership change from a position of strength, with a solid financial foundation and a clear strategic vision, ensuring continued exceptional service to clients worldwide.
Crawford & Company Board Approves Quarterly Dividends and Greenlights Further Share Buyback
Share Repurchase Program Update: Crawford & Company authorized an increase of two million shares to its share repurchase program, extending the termination date to December 31, 2027, with only 634,920 shares remaining as of October 30, 2025.
Management's Perspective: CEO Rohit Verma expressed satisfaction with the Board's decision, citing solid revenue growth and a belief that the current share price is below its intrinsic value.
Quarterly Dividend Declaration: The Board declared a quarterly dividend of $0.075 per share on Class A and Class B Common Stock, payable on December 5, 2025, to shareholders of record by November 19, 2025.
Company Overview: Crawford & Company is a global provider of claims management and outsourcing solutions, serving clients in over 70 countries, with two classes of stock differing mainly in voting rights.
Barrington Research Reaffirms Outperform Rating for Crawford, Keeps $14 Price Target Intact
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, sharing strategies and intelligence.
Market Winning Tool: Traders utilize Benzinga Pro's resources to enhance their trading success in the stock market.
Analysts Anticipate FNCL To Hit $82
ETF Performance Analysis: The Fidelity MSCI Financials Index ETF (FNCL) has an implied analyst target price of $82.13, indicating an 11.47% upside from its current trading price of $73.68.
Individual Holdings Upside Potential: Notable underlying holdings such as Crawford & Co., South Plains Financial Inc, and Five Star Bancorp show significant potential for price increases based on analysts' target prices, with expected upsides ranging from 17.04% to 51.19%.
Crawford & Company® to Participate in the William Blair Insurance, Banking & Wealth Technology Conference
Crawford & Company Conference Participation: Crawford & Company will participate in the 2025 William Blair Insurance, Banking & Wealth Technology Virtual Conference on August 12, 2025, with President Pat Van Bakel speaking at the Future of Claims Panel.
Company Overview: Based in Atlanta, Crawford & Company is a global leader in claims management and outsourcing solutions, serving clients in over 70 countries.
Crawford & Company Board Declares Increased Quarterly Dividends
Dividend Increase Announcement: Crawford & Company has approved a quarterly dividend increase to $0.075 per share for both Class A and Class B Common Stock, effective August 29, 2025, for shareholders of record as of August 15, 2025.
Company Overview: Crawford & Company is a global leader in claims management and outsourcing solutions, serving clients in over 70 countries, with two classes of stock differing primarily in voting rights and protections.
Crawford & Company® Announces Change in Leadership; W. Bruce Swain, Jr. Appointed as Interim President & CEO
Leadership Transition: Rohit Verma will step down as CEO of Crawford & Company effective December 31, 2025, to pursue a new opportunity, with W. Bruce Swain, Jr. appointed as interim president and CEO starting January 1, 2026.
Experience and Confidence: Swain, currently the chief financial officer, brings over 30 years of experience at Crawford and is expected to guide the company through its next phase, supported by the board's confidence in his leadership.
Successor for CFO Role: Holly Boudreau will succeed Swain as chief financial officer on January 1, 2026, bringing her expertise as a CPA and her experience in finance transformation at Crawford.
Company's Strength: Crawford is entering this leadership change from a position of strength, with a solid financial foundation and a clear strategic vision, ensuring continued exceptional service to clients worldwide.
Crawford & Company Board Approves Quarterly Dividends and Greenlights Further Share Buyback
Share Repurchase Program Update: Crawford & Company authorized an increase of two million shares to its share repurchase program, extending the termination date to December 31, 2027, with only 634,920 shares remaining as of October 30, 2025.
Management's Perspective: CEO Rohit Verma expressed satisfaction with the Board's decision, citing solid revenue growth and a belief that the current share price is below its intrinsic value.
Quarterly Dividend Declaration: The Board declared a quarterly dividend of $0.075 per share on Class A and Class B Common Stock, payable on December 5, 2025, to shareholders of record by November 19, 2025.
Company Overview: Crawford & Company is a global provider of claims management and outsourcing solutions, serving clients in over 70 countries, with two classes of stock differing mainly in voting rights.
Barrington Research Reaffirms Outperform Rating for Crawford, Keeps $14 Price Target Intact
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: The platform provides exclusive stories and insights generated by Benzinga reporters.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, sharing strategies and intelligence.
Market Winning Tool: Traders utilize Benzinga Pro's resources to enhance their trading success in the stock market.
Analysts Anticipate FNCL To Hit $82
ETF Performance Analysis: The Fidelity MSCI Financials Index ETF (FNCL) has an implied analyst target price of $82.13, indicating an 11.47% upside from its current trading price of $73.68.
Individual Holdings Upside Potential: Notable underlying holdings such as Crawford & Co., South Plains Financial Inc, and Five Star Bancorp show significant potential for price increases based on analysts' target prices, with expected upsides ranging from 17.04% to 51.19%.
Crawford & Company® to Participate in the William Blair Insurance, Banking & Wealth Technology Conference
Crawford & Company Conference Participation: Crawford & Company will participate in the 2025 William Blair Insurance, Banking & Wealth Technology Virtual Conference on August 12, 2025, with President Pat Van Bakel speaking at the Future of Claims Panel.
Company Overview: Based in Atlanta, Crawford & Company is a global leader in claims management and outsourcing solutions, serving clients in over 70 countries.
Crawford & Company Board Declares Increased Quarterly Dividends
Dividend Increase Announcement: Crawford & Company has approved a quarterly dividend increase to $0.075 per share for both Class A and Class B Common Stock, effective August 29, 2025, for shareholders of record as of August 15, 2025.
Company Overview: Crawford & Company is a global leader in claims management and outsourcing solutions, serving clients in over 70 countries, with two classes of stock differing primarily in voting rights and protections.
