Crawford & Company has announced financial results for the fourth quarter and year ended December 31, 2000, showing revenues declined 11 percent, from $191.2 million reported in 1999 to $170.2 million in 2000.
Operating income in the quarter totaled $10.2 million, off 50 percent from $20.2 million in the 1999 fourth quarter. Net income per share declined from $0.21 per share in 1999 to a net loss of ($0.11) per share in 2000, primarily as a result of the $0.21 per share write- down of previously capitalized internal use software.
Revenues for the year were up 1 percent as compared with 1999 revenues, from $701.9 million in 1999 to $712.2 million in 2000. Operating income for the year totaled $65.6 million, decreasing 12 percent from $74.5 million in 1999. For the year ended December 31, 2000 net income per share totaled $0.52, a 33 percent decline from the $0.78 per share reported for 1999.
Crawford & Company is the world’s largest independent provider of diversified services to insurance companies, self-insured corporations and governmental entities.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Older, Wealthier Renters Drive Changes in Insurance Needs 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
