CRAWFORD & COMPANY (NYSE:CRD.A) Files An 8-K Results of Operations and Financial Condition

CRAWFORD & COMPANY (NYSE:CRD.A) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02. Results of Operations and Financial Condition

Story continues below

ITEM 7.01. RegulationFD Disclosure

ITEM 9.01. Financial Statements and Exhibits

EXHIBIT INDEX

EX-99.1

EX-99.2

EX-99.3

ITEM 2.02. Results of Operations and Financial Condition

On August9, 2017, Crawford & Company (the "Company") issued a press release containing information about the Company's financial results for the second quarter 2017. A copy of the press release is attached hereto as Exhibit99.1 and is incorporated herein by this reference.

ITEM 7.01. RegulationFD Disclosure

The Company has made available on the Company's website at www.crawfordandcompany.com a presentation designed to enhance the information presented at its quarterly earnings conference call on Wednesday, August9, 2017 at 4:30 p.m. Eastern Time. A copy of the presentation is attached hereto as Exhibit99.2 and is incorporated herein by this reference.

Subsequent to March 31, 2017 the Company realigned operating segment manager responsibilities. As a result of the departure of the Company's then Chief Operating Officer in the second quarter of 2017, the realignment of operating segment manager responsibilities was adjusted from those originally expected. Responsibilities for certain class action operations within Canada (which have been managed and reported within the International segment) have been transferred to the Garden City Group segment and responsibilities for certain operations in the Caribbean (which have been managed and reported within the Europe and Rest of World service line of the International segment) have been transferred to the U.S. Services segment. Previously reported amounts have been reclassified to reflect these changes. These changes did not have any impact on previously reported consolidated financial results. The Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2017, included the revision of prior period results to conform to the current presentation of the Company's reportable segments. Attached hereto as Exhibit 99.3 and incorporated herein by this reference are the historical results of operations for each quarter of 2016 revised to conform to the current presentation of the Company's reportable segments.

ITEM 9.01. Financial Statements and Exhibits

(c)

Exhibits

Exhibit No.

Description

99.1

Press Release dated August 9, 2017

99.2

Slide Presentation

99.3

Schedule of Revised Reportable Segment Data

The information contained in this current report on Form 8-K and in the accompanying exhibits shall not be incorporated by reference into any filing of the Company with the SEC, whether made before or after the date hereof, regardless of any general incorporation by reference language in such filing, unless expressly incorporated by specific reference to such filing. The information, including the exhibits hereto, shall not be deemed to be "filed" for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections11 and 12(a)(2) of the Securities Act of 1933, as amended.


CRAWFORD & CO Exhibit
EX-99.1 2 exhibit99108092017q2pressr.htm EXHIBIT 99.1 Exhibit                             Crawford & Company®1001 Summit BlvdAtlanta,…
To view the full exhibit click here

About CRAWFORD & COMPANY (NYSE:CRD.A)

Crawford & Company (Crawford) is an independent provider of claims management solutions to the risk management and insurance industry, as well as to self-insured entities. The Company’s Crawford Solution offers claims services, business process outsourcing and consulting services for various product lines, including property and casualty claims management; workers’ compensation claims and medical management, and legal settlement administration. Crawford conducts its operations through four segments: U.S. Services, which primarily serves the property and casualty insurance company markets in the United States; International, which serves the property and casualty insurance company, and self-insurance markets outside the United States; Broadspire, which serves the self-insurance marketplace, primarily in the United States, and Garden City Group, which serves the class action, regulatory, mass tort, bankruptcy and other legal settlement markets, primarily in the United States.

An ad to help with our costs