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Verisk Wildfire Model is the First Catastrophe Model Under Review for Insurance Ratemaking in the State of California
GlobeNewswire· 2025-01-02 18:16
Newly-Announced Regulation from the California Department of Insurance Will Address Property Insurance Availability by Allowing Forward-Looking Catastrophe ModelsJersey City, Jan. 02, 2025 (GLOBE NEWSWIRE) -- In a groundbreaking step toward a more resilient and sustainable property insurance market in California, Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, announced today that it is the first modeler to request a review of its wildfire catastrophe model by the California ...
Verisk Stock Rises 21% Year to Date: What You Should Know
ZACKS· 2024-12-04 19:20
Verisk Analytics, Inc. (VRSK) has had an impressive run year to date. The stock has gained 21%, outperforming the 17% rally of the industry it belongs to.What’s Behind VRSK’s RallyVerisk posted better-than-expected earnings performance in the past three quarters, driven by strong growth in underwriting & rating and claims.Verisk’s decision to transition its business model from transactions to subscriptions favors its recurring revenues.Since the market trends give a higher valuation to SaaS companies, there ...
Lockton Re Selects Verisk U.S. Agricultural Risk Models to Develop New (Re)Insurance Solutions
GlobeNewswire News Room· 2024-11-20 08:15
BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Lockton Re, a leading global reinsurance broker, has announced a strategic collaboration with Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, to bring new (re)insurance products to the market. Lockton Re will use Verisk’s agricultural risk modeling solutions – including Verisk's Multiple Peril Crop Insurance (MPCI) and Crop Hail Model for the U.S. – to understand how climate change and meteorological factors are impacting crop product ...
Verisk Analytics' Profitability Gains From Direct Premium Growth
ZACKS· 2024-11-18 15:21
Verisk Analytics, Inc. (VRSK) has had a decent run in the year-to-date period. The company’s shares have gained 18.1% compared with the 14.3% rally of its industry.YTD Price PerformanceImage Source: Zacks Investment ResearchVRSK has reported impressive third-quarter 2024 results. Adjusted earnings (excluding 13 cents from non-recurring items) were $1.7 per share, surpassing the Zacks Consensus Estimate by 4.4% and growing 9.9% from the year-ago quarter. Total revenues of $725.3 million beat the consensus es ...
Verisk Analytics: Positive On Near-Term Growth, But Valuation Is Not Cheap
Seeking Alpha· 2024-11-05 18:00
My recommendation for Verisk Analytics (NASDAQ: VRSK ) is a hold rating. I have a positive view for VRSK near-term growth, where I expect growth to accelerate in FY24 and FY25, which is supported by multiple I focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, ...
Verisk Analytics Earnings & Revenues Surpass Estimates in Q3
ZACKS· 2024-10-30 17:26
Verisk Analytics Inc. (VRSK) has reported impressive third-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. See Zacks Earnings Calendar to stay ahead of market-making news. VRSK's adjusted earnings (excluding 13 cents from non-recurring items) were $1.7 per share, surpassing the Zacks Consensus Estimate by 4.4% and growing 9.9% from the year-ago quarter. Total revenues of $725.3 million beat the consensus estimate marginally and increased 7% on a year-over-year bas ...
Verisk(VRSK) - 2024 Q3 - Earnings Call Presentation
2024-10-30 17:19
3Q 2024 Earnings Presentation October 30, 2024 ©Verisk Analytics, Inc. All rights reserved. 1 3Q 2024 Earnings Presentation Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures Forward-Looking Statements This release contains forward-looking statements about Verisk's future performance, including those related to our financial guidance. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that ma ...
Verisk(VRSK) - 2024 Q3 - Earnings Call Transcript
2024-10-30 17:15
Verisk Analytics, Inc. (NASDAQ:VRSK) Q3 2024 Results Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants | --- | --- | |----------------------------|-------------------------------------------------------| | | | | | Stacey Brodbar - Head of Investor Relations and FP&A | | | Lee Shavel - President and Chief Executive Officer | | | Elizabeth Mann - Chief Financial Officer | | | Saurabh Khemka - Co-President, Underwriting Solutions | | | Rob Newbold - President, Extreme Event Solutions | ...
Verisk Analytics (VRSK) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-30 13:25
Verisk Analytics (VRSK) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.37%. A quarter ago, it was expected that this insurance data provider would post earnings of $1.63 per share when it actually produced earnings of $1.74, delivering a surprise of 6.75%. Over the last four quart ...
Verisk(VRSK) - 2024 Q3 - Quarterly Report
2024-10-30 11:18
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34480 VERISK ANALYTICS, INC. (Exact name of registrant as specified in its charter) Delaware 26-2994223 (State or ot ...