Core Insights - LexisNexis Risk Solutions has launched Medical Insights from LexisNexis Health Intelligence, a digital health solution aimed at transforming the utilization of medical data in life underwriting [1][2] - The new functionality standardizes and extracts critical insights from electronic health records (EHRs), enabling life insurance carriers to enhance risk assessment and accelerate underwriting decisions [1][2] Key Features - Medical Insights provides structured data from EHRs, including vital signs, lab results, and material conditions, allowing for quicker identification of critical risk data [1][6] - The platform supports triage acceleration, helping underwriting organizations maintain more applicants in accelerated programs and reducing cycle time [6] - It includes features like Clinical Screener and Impairment Identifier, which help assess medical conditions without the need to analyze entire medical records [6] Benefits - The solution mitigates risks associated with misrepresentation and mortality slippage by ensuring critical details are not overlooked [6] - It allows life insurers to automate the underwriting process flexibly, improving decision-making at any stage of digital transformation [6] - By combining medical and non-medical data, Medical Insights enhances segmentation of mortality risk, leading to more precise pricing and accurate mortality predictions [6][5]

Core Insights - The LexisNexis U.S. Home Trends Report highlights the increasing severity and costs associated with climate-driven catastrophes and inflation, leading to higher premiums for consumers [2][5][6] All Peril Trends - All Peril severity increased by 9% from 2023 to 2024, marking the highest increase in seven years, with 2024 witnessing 27 climate disasters causing damages of $1 billion or more, which is 21% above the long-term average [5][6] - Catastrophe claims accounted for 42% of all claims in 2024, with catastrophe losses rising to 64%, indicating a significant trend towards more catastrophic events [5][6] Hail Perils - Hail loss costs were 19% above the seven-year average in 2024, with nearly two-thirds of claims categorized as catastrophic [5][11] - The U.S. experienced 5,373 hail events in 2024, although this was a decrease from 2023, yet loss costs continued to rise [6][11] Wind, Water, Fire and Lightning Perils - Wind claims saw a 30.7% increase in loss costs and a 23.5% rise in severity from 2023 to 2024, driven by Hurricanes Helene and Milton [5][11] - Weather-Related Water loss costs increased by 25.4% from 2023 to 2024, with claims severity up by 29.6% [11] Non-Weather-Related Perils - Non-Weather-Related Water perils experienced a decrease in loss costs by 4.3% and frequency by 9.9%, while severity increased by 6.2% in 2024 [11] - Theft loss costs and frequency decreased by 20% and 20.9%, respectively, while severity rose by 1.1% [11] Geographic Patterns - Colorado had the highest loss cost from catastrophic claims, while Nebraska recorded the highest loss cost for All Peril claims in 2024, primarily due to hail losses [6][11] - States with the highest combined catastrophe and non-catastrophe loss costs included Colorado, Minnesota, Nebraska, Louisiana, and South Dakota [6]

Group 1 - The company reported a strong underlying revenue growth of 7% in the first nine months of the year, indicating positive momentum across the group [1] - The full year outlook remains unchanged at both the group level and for each of the four business areas [2] - In the Risk segment, underlying revenue growth was 8%, while Business Services, which accounts for over 40% of divisional revenue, experienced strong growth driven by financial crime compliance and fraud solutions [2] Group 2 - The Insurance segment, representing around 40% of divisional revenue, also saw strong growth due to the expansion of its solution set and positive market factors [2] - The STM segment achieved an underlying revenue growth of 5%, supported by new product introductions and renewals [2] - Databases, tools, and electronic reference, which represent around 40% of divisional revenue, delivered strong growth [3]

Financial Data and Key Metrics Changes - The company reported a strong underlying revenue growth of 7% for the first nine months of the year, with an unchanged full-year outlook at both the group level and for each of the four business areas [2][4] - In the risk segment, underlying revenue growth was 8%, while business services, which accounts for over 40% of divisional revenue, also showed strong growth driven by Financial Crime Compliance and Fraud and Identity solutions [2][3] - The STM segment experienced a 5% underlying revenue growth, supported by new product introductions and strong article submission growth of over 20% [3][4] - The legal segment reported a 9% underlying revenue growth, with double-digit growth in law firms and corporate legal driven by the success of Lexis+AI [4][5] Business Line Data and Key Metrics Changes - Risk: Underlying revenue growth of 8%, with strong performance in Financial Crime Compliance and Fraud and Identity solutions [2][3] - Business Services: Continued strong growth, particularly in Financial Crime Compliance [2] - STM: Underlying revenue growth of 5%, with significant growth in databases and electronic reference tools [3] - Legal: Underlying revenue growth of 9%, with strong renewals and new sales across all key segments [4] Market Data and Key Metrics Changes - The legal industry is currently in relatively good shape, with law firms showing interest in leveraging new tools for competitive advantage [74] - The company maintains a strong position in the auto insurance market, continuously innovating and adding value without raising prices on existing tools [72] Company Strategy and Development Direction - The company is focused on a higher quality growth profile, driven by a shift towards higher growth analytics and decision tools [2][4] - The strategy includes integrating AI solutions across all relevant touchpoints in the legal ecosystem, enhancing customer accessibility and value [10][51] - The company aims to leverage AI-driven digital tools to add value in both academic and applied research, with a gradual increase in STM growth potential [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term structural growth of the Financial Crime Compliance market, driven by innovation and technology [8][9] - The company anticipates gradual growth in the STM segment, acknowledging the complexity and regulatory nature of the industry [36][37] - Management noted that the legal industry is receptive to new product launches, indicating a positive sales cycle [75] Other Important Information - The company has established partnerships with around 25 legal technology vendors to enhance the accessibility of its AI solutions [10] - The company continues to focus on organic development while remaining open to acquisitions that align with its growth strategy [77] Q&A Session Summary Question: Growth in Financial Crime and Compliance - Management highlighted strong growth in Financial Crime Compliance driven by innovation and a long-term structural growth market [8][9] Question: Legal Product Sales - Management clarified that Protégé is designed to complement existing tools like Harvey, allowing law firms to utilize multiple solutions [10][13] Question: STM Solution Launch - The STM solution is positioned as a next-generation upgrade to ScienceDirect AI, with separate pricing and capabilities [19][20] Question: Legal Industry Financial State - Management indicated that the legal industry is in good shape, with law firms interested in leveraging new tools for competitive advantage [74][75] Question: Capital Allocation Strategy - Management confirmed a focus on organic growth, with buybacks and potential acquisitions considered to enhance development [77]

Financial Data and Key Metrics Changes - The company reported a strong underlying revenue growth of 7% for the first nine months of the year, with an unchanged full-year outlook at both the group level and for each of the four business areas [2][4] - In the risk segment, underlying revenue growth was 8%, while business services, which accounts for over 40% of divisional revenue, also showed strong growth driven by financial crime compliance and fraud solutions [2][3] - The STM segment experienced a 5% underlying revenue growth, supported by new product introductions and strong article submission growth of over 20% [3][4] Business Line Data and Key Metrics Changes - In the insurance sector, which represents around 40% of divisional revenue, strong growth was attributed to the expansion of solution sets and positive market factors [3] - The legal division saw an underlying revenue growth of 9%, with double-digit growth in law firms and corporate legal driven by the success of Lexis+ AI and the Protégé product [4][25] - The exhibitions segment also reported an 8% underlying revenue growth, reflecting improved event portfolio performance and digital initiatives [4] Market Data and Key Metrics Changes - The company continues to see positive momentum across all segments, indicating a healthy market environment for its offerings [2][4] - The legal industry is described as being in relatively good shape, with law firms interested in leveraging new tools for competitive advantage [75] Company Strategy and Development Direction - The company is focused on a long-term growth trajectory with a higher quality growth profile, driven by a shift towards higher growth analytics and decision tools [2][4] - There is an emphasis on integrating AI solutions across all business lines to enhance customer value and improve operational efficiency [10][39] - The company aims to maintain a competitive edge by continuously innovating and introducing new products that add value to customers [72][77] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term structural growth of the financial crime compliance market, indicating that this growth is expected to continue [8][9] - The company is optimistic about the potential of AI-driven tools to enhance value for customers in both academic and applied research sectors, although growth in the STM segment may take longer to materialize [36][37] - Management noted that the legal industry is receptive to new product launches, which bodes well for future sales [75] Other Important Information - The company maintains a strong position in the auto insurance market, focusing on adding value through innovation rather than raising prices [72] - The company has a diverse portfolio of journals and continues to adapt to changes in open access and copyright regulations [40][49] Q&A Session Summary Question: Growth in financial crime and compliance - Management highlighted strong growth in financial crime compliance driven by innovation and a long-term structural growth market [8][9] Question: Legal product differentiation - Management clarified that Lexis+ AI and Protégé can coexist in law firms, enhancing their legal research capabilities [10][13] Question: STM solution launch timing - Management confirmed that the new STM solution is expected to be available for purchase early next year, with a focus on integrating it with existing products [19][20] Question: Legal industry financial state - Management indicated that the legal industry is in good shape, with law firms interested in leveraging new tools for competitive advantage [75] Question: Capital allocation strategy - Management stated that the focus remains on organic development, with buybacks used to balance capital structure while considering M&A opportunities that align with growth strategies [77]

Financial Data and Key Metrics Changes - The company reported a strong underlying revenue growth of 7% in the first nine months of the year, with an unchanged full-year outlook at both the group level and for each of the four business areas [1][3] - In the risk segment, underlying revenue growth was 8%, while business services, which accounts for over 40% of divisional revenue, also showed strong growth driven by financial crime compliance and fraud solutions [1][2] - The legal division experienced a 9% underlying revenue growth, with double-digit growth in law firms and corporate legal segments [2][3] Business Line Data and Key Metrics Changes - In business services, strong growth was attributed to financial crime compliance and fraud and identity solutions, with robust new sales [1][2] - The insurance segment, representing around 40% of divisional revenue, also saw strong growth due to the expansion of solution sets and positive market factors [2] - The STM segment had an underlying revenue growth of 5%, supported by new product introductions and renewals, with databases and electronic reference tools showing strong performance [2][3] Market Data and Key Metrics Changes - The legal segment's growth was driven by the success of Lexis+ AI and the rapid adoption of Protégé, the next-generation AI legal assistant [3] - The exhibitions segment reported an 8% underlying revenue growth, reflecting improved growth profiles and progress on digital initiatives [3] Company Strategy and Development Direction - The company is focusing on a higher quality growth profile, driven by a shift towards higher growth analytics and decision tools [1][3] - There is an emphasis on integrating AI solutions across various platforms to enhance customer accessibility and value [9][10] - The company aims to leverage AI-driven tools to add value in academic and applied research, with a gradual approach to growth in the STM segment [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term structural growth of the financial crime compliance market, driven by innovation and technology [7][8] - The legal industry is currently in good shape, with customers interested in leveraging new tools for competitive advantage [67] - The company does not foresee any material impact from economic cycles on the growth trajectory of its STM division due to its global and diverse nature [26][27] Other Important Information - The company maintains a focus on organic development while being open to acquisitions that can enhance growth [71] - The legal division's renewal discussions are ongoing, with a significant portion of renewals now involving generative AI solutions [55][56] Q&A Session Summary Question: Growth in financial crime and compliance - Management noted strong growth in financial crime compliance due to ongoing innovation and a long-term structural growth market [6][7] Question: Differences between Protégé and Harvey - Management clarified that Protégé is designed to integrate with various legal tech tools, including Harvey, and aims to enhance customer accessibility [9][10] Question: New STM solution launch timing - The STM solution is expected to be available for purchase early next year, with a focus on being an upgrade to existing products [14][16] Question: Legal industry financial state and budget capacity - The legal industry is in relatively good shape, with customers actively seeking new tools to enhance their competitive edge [67] Question: Capital allocation strategy - The company plans to balance capital structure through buybacks while focusing on organic growth opportunities [71]

Financial Data and Key Metrics Changes - The company reported a strong underlying revenue growth of 7% in the first nine months of 2025, with an unchanged full-year outlook at both the group level and for each of the four business areas [1][5] - In the risk segment, underlying revenue growth was 8%, while business services, which accounts for over 40% of divisional revenues, also showed strong growth driven by Financial Crime Compliance and Fraud and Identity Solutions [2][4] - The STM segment experienced a 5% underlying revenue growth, supported by new product introductions and renewals [2][3] Business Line Data and Key Metrics Changes - In the risk division, Financial Crime Compliance and Fraud and Identity Solutions were highlighted as key growth drivers [2][11] - The Legal division saw an underlying revenue growth of 9%, with strong renewals and new sales across all key segments, particularly in law firms and corporate legal [3][32] - Exhibitions reported an 8% underlying revenue growth, reflecting improvements in the event portfolio and digital initiatives [4][5] Market Data and Key Metrics Changes - The company noted strong growth in the Financial Crime and Compliance market, which is expected to continue due to structural growth factors [11][12] - The legal tech ecosystem is described as significantly larger than the traditional legal research ecosystem, with many law firms utilizing multiple legal technology tools [12][13] Company Strategy and Development Direction - The company is focusing on enhancing its product offerings through AI-driven solutions, aiming to integrate these tools into various customer touchpoints [12][60] - The strategy includes leveraging generative AI to improve internal processes and product offerings, thereby increasing efficiency and reducing costs [48][49] - The company aims to maintain a competitive edge by continuously innovating and providing high-value solutions to its customers [84][88] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth trajectory, emphasizing the importance of innovation and customer value [1][5] - The legal industry is currently in good shape, with positive indicators supporting the sales cycle and budget capacity for new solutions [87][88] - The company anticipates gradual growth in the STM segment, driven by the introduction of new AI tools and the evolving research landscape [45][76] Other Important Information - The company maintains a strong position in the auto insurance market, focusing on value creation through continuous innovation [83][84] - The legal division's renewal discussions are ongoing, with a significant portion of revenue coming from generative AI-inclusive platforms [70][71] Q&A Session Summary Question: Growth in Financial Crime and Compliance - Management highlighted strong growth in Financial Crime and Compliance due to product innovation and long-term market trends [11][12] Question: Legal and Protege Product Sales - Management clarified that Protege is designed to complement existing tools like Harvey, aiming for integration across various legal tech platforms [12][13] Question: Next Generation AI Powered Research Solution - The new AI-powered research solution is expected to transform researcher workflows, similar to advancements made in the legal sector [14][15] Question: Legal Division Growth Expectations - Management indicated that the legal division is on a positive growth trajectory, with expectations for continued improvement in revenue [32][33] Question: AI's Impact on Internal Processes - The company sees generative AI as a significant opportunity for enhancing internal processes and product offerings, leading to cost reductions and efficiency gains [48][49] Question: Open Access and Copyright Regime - Management explained that there are various arrangements for open access articles, allowing flexibility based on customer needs and funding body requirements [49][50] Question: Capital Allocation Strategy - The company plans to balance capital structure through buybacks while focusing on organic growth and potential acquisitions that align with its strategy [90][91]

Core Insights - LexisNexis Risk Solutions Data Services CEO Dean Curtis has been recognized as 1 on INvolve's Heroes Advocates Role Model List for his leadership in promoting gender equity and inclusive workplace practices [1][2][3] - The Heroes Advocate Role Model List is an annual recognition that highlights leaders who advocate for gender diversity and the success of women in business [2][4] - Dean Curtis has been a five-year veteran of the Heroes Role Model list and has implemented programs to foster community, mentoring, and inclusivity, particularly for women in the industry [3] Company Overview - LexisNexis Risk Solutions utilizes data, analytics, and technology to provide insights that help businesses and governmental entities reduce risk and improve decision-making [4] - The company is headquartered in metro Atlanta, Georgia, and is part of RELX, a global provider of information-based analytics and decision tools [4]

Core Insights - A new dashboard has been introduced to assist U.S. property insurers in navigating market shifts and benchmarking claims performance [1] - The tool aims to accelerate decision-making processes and address the increasing severity of claims with enhanced confidence [1] Group 1 - The dashboard provides insights that help insurers adapt to changing market conditions [1] - It enables insurers to benchmark their claims performance against industry standards [1] - The tool is designed to improve the speed and confidence of decision-making in response to rising claim severities [1]

Core Insights - The volume of fraudulent cases in the Supplemental Nutrition Assistance Program (SNAP) has doubled since 2024, driven by increased digital access and complex eligibility systems [1][4] - For every $1 lost to fraud in SNAP, agencies now incur $4.14 in total costs, an increase from $3.93 the previous year [1] Fraud Trends - Digital channels account for nearly half of all fraud costs, with high volumes of online and mobile applications leading to disproportionately higher fraud losses [5] - Fraud costs rise to $4.18 per $1 lost in multi-program systems, and can reach as high as $4.55 when five or more programs are integrated [5] Operational Challenges - Agencies are facing delays and errors due to overwhelming application volumes, staffing shortages, and outdated systems, with 74% reporting increased errors [5] - Nearly half of the agencies report lower productivity, undermining confidence in eligibility decisions [5] Human Impact - Delayed approvals can lead to hunger, malnutrition, and financial stress for households in need, while also affecting staff morale and increasing turnover [5] Recommendations - Agencies that invest in advanced fraud detection and integrate systems report lower fraud costs of $3.98 per $1 lost and fewer errors [5] - Leveraging real-time data and identity verification can help agencies combat fraud while ensuring timely benefits for those in need [2][4]