Global loss adjuster Crawford & Company’s first-quarter results have reflected difficult market conditions, with net income unchanged from last year at $US3.1 million ($3.4 million).

Consolidated revenues before reimbursement improved very slightly to $US236.3 million ($262.1 million), up from last year’s $US236.1 million ($261.9 million).

The company’s international operations recorded a 15.2% increase in revenues before reimbursements to $US104.5 million ($115.9 million), while its legal settlement administration segment also recorded an increase in revenues from $US15.6 million ($17.3 million) last year to $US20.7 million ($23 million) this year.

US property and casualty revenue before reimbursements was $US49.2 million ($54.6 million), down 11% from last year, mainly due to a reduction in weather-related claims volumes.

The company says its projected consolidated operating earning will be between $US54.3 million ($60.2 million) and $US60.3 million ($66.9 million) for this year.