AI-extracted from the 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Crawford & Co. Q2 revenue declined 1.4% YoY to $330.0M, but net income surged 72% to $13.4M on cost discipline and operating leverage gains.
Biggest Revenue Drivers
Broadspire$109.4M+1.2% YoY
Growth in Claims Management and Medical Management revenues, partially offset by reduced Subrogation revenues.
U.S. Property & Casualty$74.1M-10.2% YoY
Continued decline in weather-driven services within Catastrophe Services and Contractor Connection businesses.
Biggest Revenue Drivers
Total revenue: $330.0M-1.4% YoY
Broadspire$109.4M+1.2% YoY
Growth in Claims Management and Medical Management revenues, partially offset by reduced Subrogation revenues.
U.S. Property & Casualty$74.1M-10.2% YoY
Continued decline in weather-driven services within Catastrophe Services and Contractor Connection businesses.
Largest Expense Items
Costs of services provided, before reimbursements$226.4M+0.8% YoY
Increased in line with revenue mix, though lower as percentage of revenues before reimbursements.
Selling, general, and administrative expenses$69.7M-11.1% YoY
Lower compensation costs and absence of $3.1M foreign tax expense incurred in 2025 Q2, partially offset by $2.3M software impairment charge.
Non-service pension costs$1.5M-38% YoY
Lower defined benefit pension plan non-operating costs for frozen U.S. and closed U.K. plans.
Margins: Operating segment gross profit margins improved in Broadspire (32.1% vs 31.6% YoY) and International Operations (22.4% vs 20.4% YoY), but declined in U.S. Property & Casualty (25.9% vs 25.8% YoY). Overall operating leverage benefited from reduced centralized indirect support costs and SG&A efficiency.
Watch Items from the Filing
U.S. Property & Casualty segment revenue declined 10.2% YoY driven by weather-related service declines; segment cases received fell 16.5%, including 4,150 low-value inspection services cases.
International Operations revenues benefited 5.8% from favorable foreign exchange rates; absent FX, revenues declined 1.6% YoY, indicating underlying demand pressure in U.K., Europe, and Latin America.
Broadspire segment benefited from new disability clients adding 6,300 high-frequency claims and medical management revenue growth, but subrogation revenues declined 7.3% and Subrogation cases fell 19.5%.
Company incurred $1.3M loss on disposition of U.K. and Chile Crawford Legal Services businesses, contributing to $2.3M software impairment charge in Q2 2026.
Liquidity stood at $356.6M at June 30, 2026 (cash plus available credit); company repurchased $9.0M of shares and paid $7.3M in dividends during H1 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Shore Amy TaylorDirectorGrant or award · Feb 9, 2026
About CRAWFORD & CO (CRD-A): stock profile, AI score and financials
CRAWFORD & CO (CRD-A) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores CRD-A at 44.3/100 on a composite quality score built from its SEC filings, placing it at rank #1,933 of 2,925 stocks — the bottom half of the AI-ranked universe. CRD-A scores in the top quartile across earnings quality (93.5). Areas of concern include revenue growth (26.5) and profitability (38.2), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), CRAWFORD & CO reports quarterly revenue of $330.0M, net income of $13.4M, an operating margin of 6.0%. Top institutional holders of CRD-A by reported 13-F value include TRUIST FINANCIAL, BlackRock, CAPITAL MANAGEMENT, based on the most recent SEC filings. CRD-A trades on the NYSE exchange and files with the SEC under CIK 25475. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CRD-A daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CRAWFORD & CO directly from SEC EDGAR.