Crawford & Co. (CRD.A)

Crawford & Co. engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Claims Solutions, Crawford TPA Solutions, and Crawford Specialty Solutions. The Crawford Claims Solutions segment includes claims management services globally to insurance carriers and self-insured entities related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real property, certain types of personal property, and marine losses. The Crawford TPA Solutions comprises of global casualty, disability, and self-insurance marketplace. The Crawford Specialty Solutions segment focuses on global property and casualty insurance company markets through service lines known as Global Technical Services and Contractor Connection. The company was founded by Jim Crawford in 1941 and is headquartered in Peachtree Corners, GA.

Company profile

Ticker

CRD.A, CRD.B

Exchange

NYSE

Website

www.crawco.com/

CEO

Jeffrey Bowman

Incorporated

Georgia

Location

Georgia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Insurance Agencies and Brokerages

Industry (SIC)

Insurance Agents, Brokers & Service

Equitable • Aon • Willis Towers Watson Public Limited • Marsh & McLennan Cos. • Erie Indemnity • Enact • Ryan Specialty • Arthur J. Gallagher & Co. • Brown & Brown • GoHealth ...

SEC CIK

0000025475

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Crawford & Company International, Inc. • Broadspire Services, Inc. • WeGoLook, LLC • Risk Sciences Group, Inc. • Crawford & Company Adjusters Limited ...

IRS number

580506554

CRD.A stock data

1M 1Y 5Y

Calendar

9 May 22

2 Jul 22

31 Dec 22

Financial summary

Financial statements Chart CRD.A financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	49.87M	49.87M	49.87M	49.87M	49.87M	49.87M
Cash burn (monthly)	1.27M	(no burn)	(no burn)	(no burn)	5.08M	(no burn)
Cash used (since last report)	3.91M	n/a	n/a	n/a	15.59M	n/a
Cash remaining	45.96M	n/a	n/a	n/a	34.28M	n/a
Runway (months of cash)	36.1	n/a	n/a	n/a	6.7	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

CRD.A insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 May 22	Michael J Hoberman	Class A Common Stock	Sell	Dispose S	No	No	8.1593	2,100	17.13K	9,376
18 May 22	Verma Rohit	Class B Common Stock	Buy	Acquire P	No	No	7.1365	1,000	7.14K	5,000
14 Feb 22	Inga K Beale	Class A Common	Grant	Acquire A	No	No	0	11,764	0	30,813
14 Feb 22	Lisa G Hannusch	Class A Common Stock	Grant	Acquire A	No	No	0	11,764	0	40,824
14 Feb 22	Jarrard Michelle	Class A Common Stock	Grant	Acquire A	No	No	0	11,764	0	57,316.646

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CRD.A institutional ownership history Ownership history

34.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	67	79	-15.2%
Opened positions	7	18	-61.1%
Closed positions	19	7	+171.4%
Increased positions	13	35	-62.9%
Reduced positions	36	17	+111.8%

13F shares	Current	Prev Q	Change
Total value	75.18M	211.26M	-64.4%
Total shares	9.95M	18.71M	-46.9%
Total puts	0	500	EXIT
Total calls	0	100	EXIT
Total put/call ratio	–	5.0	–

Largest owners	Shares	Value	Change
TFC Truist Financial	1.73M	$13.04M	-37.3%
BLK Blackrock	1.68M	$12.7M	-18.1%
Dimensional Fund Advisors	1.01M	$7.61M	-41.4%
First Wilshire Securities Management	772.03K	$5.84M	-26.0%
AMP Ameriprise Financial	649.54K	$4.91M	+5.8%
Renaissance Technologies	629.12K	$4.76M	-56.4%
WFC Wells Fargo & Co.	580.89K	$4.39M	-8.1%
Geode Capital Management	263.78K	$1.99M	-24.0%
STT State Street	263.47K	$1.99M	-17.2%
Vanguard	232.6K	$1.76M	-81.9%

Largest transactions	Shares	Bought/sold	Change
Paradice Investment Management	0	-3.57M	EXIT
Vanguard	232.6K	-1.05M	-81.9%
TFC Truist Financial	1.73M	-1.03M	-37.3%
Renaissance Technologies	629.12K	-812.62K	-56.4%
Dimensional Fund Advisors	1.01M	-709.6K	-41.4%
BLK Blackrock	1.68M	-370.52K	-18.1%
First Wilshire Securities Management	772.03K	-271.01K	-26.0%
LSV Asset Management	0	-179.16K	EXIT
Arrowstreet Capital, Limited Partnership	22.96K	-132.2K	-85.2%
NFC Investments	0	-104.31K	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Interest income. Total interest income increased by $65.0 million, or 51.1%, from $127.2 million for the three months ended March 31, 2021 to $192.2 million for the three months ended March 31, 2022. The increase is primarily attributable to growth in our Average Daily Principal Balance from $1.6 billion for the three months ended March 31, 2021 to $2.4 billion for the three months ended March 31, 2022, an increase of 48.5%. The increase is due to growth in our portfolio as a result of higher application volume due to increased demand and due to first quarter 2021 originations being depressed as a result of the COVID-19 pandemic. Interest income was also favorably impacted by an increase in portfolio yield of 55 basis points in the three months ended March 31, 2022 compared to the three months ended March 31, 2021 due to growth in originations to new members who generally receive higher APRs than returning members.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Good

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From filing 10-Q 2022 Q1

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