Crawford & Co. (CRD. A), a claims management and adjusting firm for insurers, reported a fourth-quarter loss of $14.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had a loss of 29 cents. Earnings, adjusted for pretax expenses and non-recurring costs, came to 23 cents per share.The company posted revenue of $333.4 million in the period. Its adjusted revenue was $322.2 million.
For the year, the company reported a loss of $18.3 million, or 37 cents per share, swinging to a loss in the period. Revenue was reported as $1.19 billion.
Topics Claims Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Florida Agency Owner and Unlicensed Agent Charged in Fake Certificates Scheme 
PHP Security Flaws Highlight Potential Systemic Risk Aggregation for Cyber Insurers 
More Florida Insurers Announce Rate Cuts for Auto, Homeowners, Condo Units 
How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
