Crawford & Co Q2 revenue dips on lower US property claims

Crawford & Co

03/08/2026 21:31

Overview
US claims management firm's Q2 revenue dipped slightly yr/yr, driven by lower US property claims
Q2 non-GAAP adjusted EPS rose 73% yr/yr, reflecting strong international and Broadspire performance
Company raised quarterly dividend to $0.08 per share and repurchased shares in Q2

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
INTERNATIONAL WEATHER CLAIMS - Higher weather-related claims in Australia and Asia drove international segment revenue growth
BROADSPIRE DISABILITY & MEDICAL - Broadspire revenue rose on increased disability claims and medical management revenues, with operating earnings aided by reduced centralized indirect support expenses
US PROPERTY & CASUALTY DECLINE - U.S. Property & Casualty segment revenue fell due to fewer weather-related claims, lower staff augmentation in Catastrophe Services, and decreased referrals in Contractor Connection

Company press release: ID:nBw65zck8a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.27
 
Q2 Net Income
 
$13.4 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline insurance & brokers peer group is "buy."
Wall Street's median 12-month price target for Crawford & Co is $13.50, about 34.1% above its July 31 closing price of $10.07
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)