Crawford & Company (CRD.A) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Was that just an incremental flow through from weather claims? Was there a GTS impact there as well? International, as you know, has been an important push for us from both growth as well as profitability perspective, the main focus being on profitability. There was definitely weather. In Q3, we saw weather in Australia, we saw weather in UK, and then we had seen weather in Europe in the earlier part of the year. That is still sort of flowing through the system. Again, our target is to get international to a 10% margin in the medium to long term, and that is the journey we're on. As we've shared with you before, we will see probably quarterly fluctuations. because of weather and other cyclicality reasons in our business, but our trend is to keep moving international up. Yeah. And then any more you can say about the business pipeline and Broad Spire? Is this your sales initiative? Is there just a little more movement in the market? What is contributing to that? You know, we had actually seen a slowdown in the RFP activity in the Q2. We've kind of seen that pick back up in Q3. As you know, the sales cycles on this business are long, but we've been growing at a nice clip. I think this quarter we reported almost 4% growth. I think for the full year we're still looking at, or I should say year-to-date, the nine months we're looking at, you know, somewhere around that 3% to 4% as well. That's the kind of growth that we expect to continue seeing on an organic basis. But margins are healthy. margins improved this quarter, I think you'll recall that last quarter we had a discussion about a slight drop in margins. It was about 50 or 70 basis points, I think. And we had said that, you know, that's within the realm of tolerance. So we continue to invest in that business. We beli...