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Crawford & Company 2Q Revenues Spike from Weather, Gulf Coast Claims Facility

Weather-related claims activity and a doubling of revenue in its legal settlement division led Crawford & Company to a 22-percent increase in second-quarter consolidated revenues.

By Eric Gilkey | Updated on August 09, 2011

Weather-related claims activity and a doubling of revenue in its legal settlement division led Crawford and Company to a 22-percent increase in second-quarter consolidated revenues.

The independent provider of claims management solutions to the risk management and insurance industry said consolidated revenues before reimbursements totaled $291.7 million in the second quarter, up from $238.2 million in the 2010 second quarter. Second quarter 2011 net income attributable to Crawford & Company was $13.5 million, compared with a net loss of $2.5 million recorded in the 2010 second quarter. Second quarter 2011 diluted earnings per share were $0.25 compared with the loss per share of $(0.05) reported in the prior-year quarter.

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