Crawford reports strong start to 2011
Crawford & Company has reported its financial results for the quarter ended 31 March 2011, including net income of $12.1m.
This is a huge 298% increase on the corresponding period in the previous year when the firm made net income of $3.1m.
Consolidated revenues, prior to reimbursements, were recorded at $285m, a 21% year-on-year rise from the $236.3m generated in Q1 2010.
Chief Executive Officer Jeffrey T. Bowman stated that the results showed a strong performance from the Legal Settlement Administration segment and improving EMEA/AP results.
Bowman went on to conclude that the firm’s quarterly results exceeded expectations and that the firm was upgrading its forecast for the rest of the year.
He added that, whilst the firm is performing well, economic conditions are likely to remain challenging into the future.
Category: Financials, Insurance News
Visited 1220 times, 1 so far today

Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.