Crawford & Co. Reports $12M Profit in Q3, Announces Promotions

Crawford & Co. has reported third-quarter net income of $11.8 million, an 8% increase from $10.9 million in the third quarter of 2016. For the first nine months of the year, net income was $29.7 million, up from $28.2 million in the prior-year period. For Crawford & Co. segment Broadspire, a workers’ compensation third-party claims administrator, revenues before reimbursements were $76.7 million in the third quarter, holding steady with the prior-year quarter. Broadspire’s operating earnings of $8.2 million in the third quarter were down slightly from $8.3 million in ...