Crawford & Company reported its financial results for the second quarter of 2026, revealing a slight decline in total revenues. For the three months ended June 30, 2026, the company generated total revenues of $330.0 million, down from $334.6 million in the same period of 2025, marking a decrease of 1.4%. The company's net income attributable to shareholders increased significantly to $13.4 million, or $0.28 per share, compared to $7.8 million, or $0.16 per share, in the prior year. For the first half of 2026, total revenues were $650.2 million, a decrease from $657.9 million in 2025, while net income rose to $18.4 million from $14.5 million.
The decrease in revenues was primarily attributed to lower volumes in the U.S. Property & Casualty segment, which saw revenues drop to $74.1 million from $82.5 million year-over-year. This decline was driven by reduced activity in the Catastrophe Services and Contractor Connection businesses, as well as the impact of the disposal of the Crawford Legal Services businesses. Conversely, the Broadspire segment reported a modest revenue increase to $109.4 million, while the International Operations segment also saw growth, with revenues rising to $138.0 million.
Operationally, Crawford & Company experienced a 16.5% decrease in cases received within the U.S. Property & Casualty segment for the second quarter, reflecting a continued decline in weather-driven services. However, the Broadspire segment reported stable case volumes, and the International Operations segment saw an 11.6% increase in cases received, particularly in Europe and Canada. The company’s total employee headcount averaged 1,631 in the U.S. Property & Casualty segment for the first half of 2026, down from 1,817 in the same period of 2025.
In terms of strategic developments, Crawford & Company has realigned its reportable segments as of January 1, 2026, which included the reallocation of goodwill among segments. The company also reported a significant increase in cash and cash equivalents, totaling $69.4 million as of June 30, 2026, compared to $64.1 million at the end of 2025. Looking ahead, Crawford & Company anticipates continued challenges in the market, particularly related to weather-driven claims and economic conditions, but remains focused on leveraging its operational efficiencies and strategic initiatives to drive future growth.
About CRAWFORD & CO
Crawford & Company is a global provider of claims management and outsourcing solutions for property and casualty insurance markets. Its services include claims adjusting, legal services, third-party administration, and contractor management across North America, Europe, Asia, and Latin America. The company leverages a broad network, technological platforms, and industry expertise to deliver high-quality, cost-effective risk and claims solutions to insurers, self-insured entities, and corporations worldwide.
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