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 June 30, 2023 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 Delaware 26-2994223 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification ...

Verisk Analytics, Inc. (NASDAQ:VRSK) Q1 2023 Results Conference Call May 3, 2023 8:30 AM ET Company Participants Stacey Brodbar - Head, IR Lee Shavel - President, CEO Elizabeth Mann - CFO Neil Spector - President, Underwriting Solutions Maroun Mourad - President, Claims Solutions Conference Call Participants Alex Kramm - UBS Andrew Steinerman - JP Morgan Andrew Nicholas - William Blair Ashish Sabadra - RBC Greg Peters - Raymond James Faiza Alwy - Deutsche Bank Heather Balsky - Bank of America Jeff Silber - ...

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 March 31, 2023 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 other ...

Verisk Analytics, Inc. (NASDAQ:VRSK) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET Company Participants Stacey Brodbar - Head, Investor Relations Lee Shavel - President and Chief Executive Officer Elizabeth Mann - Chief Financial Officer Maroun Mourad - President, Claims Solutions Neil Spector - President, Underwriting Solutions Conference Call Participants Toni Kaplan - Morgan Stanley George Tong - Goldman Sachs Heather Balsky - Bank of America Ashish Sabadra - RBC Capital Markets Hans Hoffman ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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) (State or other jurisdiction of incorporat ...

Verisk Analytics, Inc. (NASDAQ:VRSK) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Stacey Brodbar – Head-Investor Relations Lee Shavel – Chief Executive Officer Mark Anquillare – President and Chief Operating Officer Elizabeth Mann – Chief Financial Officer Conference Call Participants Ashish Sabadra – RBC Capital Markets Jeff Meuler – Baird Alex Kramm – UBS Financial Toni Kaplan – Morgan Stanley Manav Patnaik – Barclays Andrew Steinerman – JPMorgan Greg Peters – Raymond ...

3Q2022 Earnings Presentation November 1, 2022 ©Verisk Analytics, Inc. All rights reserved1 . 3Q2022 Earnings Presentation Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures Forward-Looking Statements This release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be mate ...

[PART I — FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) This section presents the unaudited financial information for the company [Item 1. Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) This section presents Verisk Analytics, Inc.'s unaudited condensed consolidated financial statements for the periods ending September 30, 2022 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to **$6,974.6 million** as of September 30, 2022, primarily due to reduced goodwill and intangible assets, while stockholders' equity declined due to share repurchases Condensed Consolidated Balance Sheet Highlights (in millions) | | Sep 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$6,974.6** | **$7,808.1** | | Cash and cash equivalents | $276.8 | $280.3 | | Goodwill | $3,655.6 | $4,331.2 | | Intangible assets, net | $1,090.5 | $1,225.9 | | **Total Liabilities** | **$4,968.6** | **$4,965.6** | | Long-term debt | $2,343.7 | $2,342.8 | | **Total Stockholders' Equity** | **$2,006.0** | **$2,842.5** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q3 2022 revenues slightly decreased to **$745.3 million**, while nine-month revenues increased to **$2,267.1 million**, with net income significantly boosted by disposition gains Q3 and Nine Months 2022 vs 2021 Performance (in millions, except per share data) | Metric | Q3 2022 | Q3 2021 | Nine Months 2022 | Nine Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Revenues | $745.3 | $759.0 | $2,267.1 | $2,232.6 | | Operating Income | $276.6 | $288.9 | $1,188.3 | $806.7 | | Net Income Attributable to Verisk | $189.4 | $201.7 | $892.8 | $524.3 | | Diluted EPS | $1.20 | $1.24 | $5.59 | $3.21 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities decreased to **$810.0 million** for the nine months ended September 30, 2022, while investing activities saw a net inflow from asset sales, and financing outflows increased due to share repurchases Nine Months Ended September 30, Cash Flow Summary (in millions) | Cash Flow Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $810.0 | $967.1 | | Net cash (used in) provided by investing activities | $383.2 | $(261.2) | | Net cash used in financing activities | $(1,160.8) | $(617.1) | | Net (decrease) increase in cash | $(3.5) | $83.3 | [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, significant dispositions and acquisitions, segment reporting, share repurchases, debt structure, legal contingencies, and the subsequent agreement to sell the Energy business - In 2022, the company sold its environmental health and safety business for **$575.0 million** (net) and its Financial Services segment for **$498.3 million** (net) These transactions did not qualify as discontinued operations[47](index=47&type=chunk)[48](index=48&type=chunk) - Key acquisitions in 2022 included Opta Information Intelligence Corp. for **$217.5 million** and Infutor Data Solutions, LLC for **$220.7 million**, both integrated into the Insurance segment[40](index=40&type=chunk)[41](index=41&type=chunk) - On October 28, 2022, the company entered into an agreement to sell its Energy business to Veritas Capital for up to **$3.3 billion**, with the transaction expected to close in Q1 2023[107](index=107&type=chunk) - The company is involved in several legal proceedings, including ERISA litigation regarding 401(k) plan fees, a DOJ inquiry related to the former Financial Services segment, and data privacy class action lawsuits The company cannot reasonably estimate potential liability for these matters[100](index=100&type=chunk)[101](index=101&type=chunk)[103](index=103&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, strategic dispositions, and segment results, noting a Q3 2022 revenue decrease to **$745.3 million** and a nine-month revenue increase, with significant share repurchases and debt management - The company has strategically shifted its focus by selling its environmental health and safety business and its Financial Services segment in 2022[111](index=111&type=chunk) Consolidated Revenue and EBITDA Performance (in millions) | Metric | Q3 2022 | Q3 2021 | % Change | Nine Months 2022 | Nine Months 2021 | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Revenues | $745.3 | $759.0 | (1.8)% | $2,267.1 | $2,232.6 | 1.5% | | EBITDA | $368.0 | $378.7 | (2.8)% | $1,467.8 | $1,095.0 | 34.0% | - Excluding the net impact of acquisitions and dispositions, consolidated revenue grew **3.2%** in Q3 2022 and **4.1%** in the first nine months of 2022[130](index=130&type=chunk)[144](index=144&type=chunk) - During the nine months ended September 30, 2022, the company repurchased **$1,196.3 million** of its common stock and paid dividends of **$147.2 million**[182](index=182&type=chunk) [Results of Operations by Segment](index=44&type=section&id=Results%20of%20Operations%20by%20Segment) The Insurance segment achieved **9.4%** revenue growth in Q3 2022, while the Energy and Specialized Markets segment declined **18.5%** due to dispositions and Russian operations suspension Insurance Segment Revenue - Q3 2022 vs Q3 2021 (in millions) | Category | Q3 2022 | Q3 2021 | % Change | % Change (ex-acquisitions) | | :--- | :--- | :--- | :--- | :--- | | Underwriting & rating | $436.2 | $390.5 | 11.7% | 5.5% | | Claims | $173.9 | $167.4 | 3.9% | 1.7% | | **Total Insurance** | **$610.1** | **$557.9** | **9.4%** | **4.4%** | - Energy and Specialized Markets revenue decreased by **$30.7 million** (**18.5%**) in Q3 2022, with dispositions accounting for a net decrease of **$28.8 million** The remaining decrease was due to the suspension of Russian operations and lower consulting revenue[169](index=169&type=chunk) [Liquidity and Capital Resources](index=49&type=section&id=Liquidity%20and%20Capital%20Resources) The company held **$280.6 million** in cash with **$3.42 billion** total debt as of September 30, 2022, maintaining a **$1.0 billion** credit facility, while operating cash flow decreased to **$810.0 million** - The company had total debt of **$3.42 billion** as of September 30, 2022[183](index=183&type=chunk) - As of September 30, 2022, available capacity under the **$1.0 billion** Credit Facility was **$55.2 million** Subsequently, capacity was increased to **$420.2 million** through repayments and securing additional capacity[185](index=185&type=chunk) - Net cash from operating activities decreased **16.2%** to **$810.0 million** for the nine months ended Sep 30, 2022, primarily due to a **$119.7 million** increase in tax payments and the impact of business dispositions[190](index=190&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=51&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Market risks as of September 30, 2022, have not materially changed from those disclosed in the 2021 Annual Report on Form 10-K - There have been no material changes in market risks since the company's 2021 Annual Report on Form 10-K[198](index=198&type=chunk) [Item 4. Controls and Procedures](index=51&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2022, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that as of September 30, 2022, the company's disclosure controls and procedures were effective at a reasonable assurance level[200](index=200&type=chunk) - No material changes to internal control over financial reporting occurred during the third quarter of 2022[201](index=201&type=chunk) [PART II — OTHER INFORMATION](index=52&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) This section provides other information not included in the financial statements [Item 1. Legal Proceedings](index=52&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 16 of the condensed consolidated financial statements for a detailed description of significant legal proceedings - For a description of significant legal proceedings, the report refers to Note 16 in Part I, Item 1 of the financial statements[203](index=203&type=chunk) [Item 1A. Risk Factors](index=52&type=section&id=Item%201A.%20Risk%20Factors) This section refers to the Risk Factors section of the 2021 Annual Report on Form 10-K for a discussion of risks - The report refers to the Risk Factors section of the previously filed 2021 Annual Report on Form 10-K for a discussion of risks[204](index=204&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=52&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities, repurchasing **1,603,586** shares for **$300.0 million** in Q3 2022, with **$407.5 million** remaining for future repurchases Issuer Purchases of Equity Securities (Q3 2022) | Period | Total Shares Purchased | Average Price Paid per Share | Total Value (millions) | | :--- | :--- | :--- | :--- | | Jul 1 - Jul 31, 2022 | 1,386,562 | $173.09 | - | | Aug 1 - Aug 31, 2022 | — | — | - | | Sep 1 - Sep 30, 2022 | 217,024 | $187.08 | - | | **Total** | **1,603,586** | **$187.08** | **$300.0** | - As of September 30, 2022, **$407.5 million** was available for share repurchases under the authorized program[206](index=206&type=chunk) [Item 5. Other Information](index=53&type=section&id=Item%205.%20Other%20Information) No other material information required to be disclosed under this item for the period - None[209](index=209&type=chunk)

Verisk Analytics, Inc. (NASDAQ:VRSK) Q2 2022 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Stacey Brodbar - Head of IR Lee Shavel - CEO Mark Anquillare - President and COO David Grover - Controller, CAO and Interim CFO Conference Call Participants Heather Balsky - Bank of America Alex Kramm - UBS Toni Kaplan - Morgan Stanley Manav Patnaik - Barclays Jeff Silber - BMO Capital Markets Faiza Alwy - Deutsche Bank Andrew Jeffrey - Truist Securities Jeff Meuler - Baird Andrew Nicholas - ...

2Q2022 Earnings Presentation August 2, 2022 ©Verisk Analytics, Inc. All rights reserved1 . 2Q2022 Earnings Presentation Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures Forward-Looking Statements This release contains forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materi ...