EXHIBIT 99.1
(CRDB LOGO)
(CRDB LOGO)
Press Release
CRAWFORD & COMPANY 1001 SUMMIT BOULEVARD P.O. BOX 5047 ATLANTA, GEORGIA 30302 (404) 300-1000
     
FOR IMMEDIATE RELEASE
  Date: February 8, 2010
 
  From: Jeffrey T. Bowman
 
  Chief Executive Officer
Crawford Reports 2009 Fourth Quarter and Annual Results
Net Income Improves in 2009 Fourth Quarter
Provides Guidance for 2010
Crawford & Company (www.crawfordandcompany.com) (NYSE: CRDA and CRDB), the world’s largest independent provider of claims management solutions to insurance companies and self-insured entities, today announced its financial results for the year and fourth quarter ended December 31, 2009.
Consolidated Results
Fourth quarter 2009 consolidated revenues before reimbursements were $238.4 million compared to $262.9 million in the 2008 fourth quarter due primarily to lower revenues in the U.S. Property & Casualty, Broadspire, and International Operations segments and the negative effect of foreign currency changes. Fourth quarter 2009 net income attributable to Crawford & Company was $8.9 million, increasing 6% over $8.3 million in the 2008 fourth quarter. Fourth quarter 2009 diluted earnings per share were $0.17 compared to diluted earnings per share of $0.16 in the prior-year quarter.
Full year 2009 consolidated revenues before reimbursements totaled $969.9 million, compared to $1.05 billion in 2008. Net loss attributable to Crawford & Company in 2009 was ($115.7) million, compared to 2008 net income of $32.3 million. Full year 2009 loss per share was ($2.23) compared to diluted earnings per share of $0.62 in the prior year. The 2009 net loss attributable to Crawford & Company includes non-cash impairment charges of $140.9 million, primarily related to goodwill in the Company’s Broadspire segment. Excluding the non-cash impairment charges, 2009 net income attributable to Crawford & Company would have been $25.2 million and diluted earnings per share would have been $0.48.
Revenues, net income attributable to Crawford & Company, and earnings per share in the 2009 fourth quarter and for the full year were impacted by increased defined benefit pension expense, the impact of foreign currency changes, restructuring charges, and (solely with respect to the full-year period) the non-cash charge associated with the write-off of a portion of the Company’s goodwill, offset by certain tax benefits during 2009 as outlined below:

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The following information was filed by Crawford Co (CRDA) on Monday, February 8, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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