CRD-A
Crawford & Company11.38
+0.16+1.43%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
560.01MP/E (TTM)
17.51Basic EPS (TTM)
0.65Dividend Yield
0.03%Recent Filings
8-K
Swain named permanent CEO
Crawford & Company appointed W. Bruce Swain, Jr., its interim President and CEO since January 1, 2026, to the permanent role effective March 23, 2026. A 30-year veteran and former CFO, Swain joins the board. Jesse C. Crawford, Sr., board member since 1986, will not seek reelection at the May 14, 2026, meeting but becomes honorary director. Leadership stabilized.
10-K
FY2025 results
Crawford & Company posted FY2025 revenues before reimbursements of $1.266B, down 2.1% y/y from $1.293B, as Platform Solutions cratered 30.5% on lighter catastrophe claims while International Operations (+4.7%) and Broadspire (+3.6%) grew on higher-value TPA work. Q4 momentum faltered with Networks revenues plunging 66.8% y/y amid absent weather events, yet segment operating margins held firm—Broadspire at 13.6%, North America Loss Adjusting up to 6.9% on better utilization. Net income slipped to $19.6M from $26.6M, hit by $14M restructuring costs, but cash from operations surged to $102M. Debt stood at $189M under the new $500M facility (6.0% rate), with $291M availability. Claim volumes unpredictable.
8-K
Q4 loss, FY adjusted gains
Crawford reported Q4 2025 revenues before reimbursements down 11% to $308.5M, swinging to a $7.2M net loss from $5.7M profit, hit by absent hurricane claims and $14M restructuring costs. Full-year revenue dipped 2% to $1.27B yet adjusted operating earnings rose 10% to $82.3M, powered by record Broadspire and International revenues. New U.S./International structure effective Jan 1, 2026. Cash flow doubled to $102M.
8-K
New divisional structure launched
Crawford & Company launched a new global structure on January 1, 2026, splitting into U.S. Operations and International Operations to boost client focus and speed. Mike Hoberman was promoted CEO of U.S. Operations, reporting to interim CEO Bruce Swain, with Canada shifting to International under Andrew Bart. Leadership sharpened. This simplifies accountability while targeting U.S. growth.
8-K
Hoberman named CEO US Ops
Crawford & Company promoted Michael J. Hoberman to CEO – US Operations effective January 1, 2026, via a new employment agreement signed January 14. He gets $475,000 base salary, 57.5% target STIP bonus, $550,000 LTIP target, and 0.5% of quarterly billed US service fees for new sales' first 24 months. Leadership stabilized. Restrictive covenants bind him tightly post-term.
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