Claims Management Firm Crawford & Co. Posts 4Q Loss for 2022

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.