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Verisk(VRSK) - 2024 Q3 - Quarterly Results
2024-10-30 11:17
Exhibit 99.1 Verisk Reports Third-Quarter 2024 Financial Results • Consolidated revenues were $725 million, up 7.0%, and up 6.8% on an organic constant currency (OCC) basis for the third quarter of 2024. • Income from continuing operations was $220 million, up 17.4% for the third quarter of 2024. Adjusted EBITDA, a nonGAAP measure, was $401 million, up 9.4%, and up 7.2% on an OCC basis. • Diluted GAAP earnings per share from continuing operations (diluted EPS) were $1.54 for the third quarter of 2024, up 19 ...
Verisk Reports Third-Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-10-30 11:15
Consolidated revenues were $725 million, up 7.0%, and up 6.8% on an organic constant currency (OCC) basis for the third quarter of 2024. Income from continuing operations was $220 million, up 17.4% for the third quarter of 2024. Adjusted EBITDA, a nonGAAP measure, was $401 million, up 9.4%, and up 7.2% on an OCC basis. Diluted GAAP earnings per share from continuing operations (diluted EPS) were $1.54 for the third quarter of 2024, up 19.4%. Diluted adjusted earnings per share (diluted adjusted EPS), a non- ...
Verisk Analytics to Report Q3 Earnings: What's in the Offing?
ZACKS· 2024-10-28 16:51
Verisk Analytics (VRSK) is scheduled to release its third-quarter fiscal 2024 results on Oct. 30, before market open. See Zacks Earnings Calendar to stay ahead of market-making news. VRSK surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed in one, delivering an earnings surprise of 4.2%, on average. Verisk Analytics' Q3 Expectations The Zacks Consensus Estimate for revenues is pegged at $723.1 million, suggesting a 6.7% increase from the year-ago quarter's actual. The to ...
Verisk Analytics (VRSK) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-10-23 15:07
Verisk Analytics (VRSK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are bett ...
Verisk Debuts New Statistical Reporting Technology on Guidewire Marketplace
GlobeNewswire News Room· 2024-10-22 12:15
JERSEY CITY, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced its latest advancement in statistical reporting technology with the launch of its Statistical Services accelerator integration with Guidewire. This innovative solution automates complex processes that extract highly granular policy and claims data, making it easier for insurers to satisfy statistical reporting and regulatory compliance requirements. This latest ...
Scope Technologies Joins Verisk's Xactimate Partner Ecosystem
Prnewswire· 2024-10-16 16:01
Xactimate integration of its RoofScope aerial measurement reports streamlines claims processing for insurers and contractors DENVER, Oct. 16, 2024 /PRNewswire/ -- Scope Technologies, a leading provider of exterior building measurements, and Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, recently announced the integration of its RoofScope reports with Verisk's Xactimate system. Property and casualty insurers, adjusters and contractors can now access RoofScope reports directly ...
Verisk CEO Lee Shavel Appointed to Federal Advisory Committee on Insurance
GlobeNewswire News Room· 2024-10-16 12:00
JERSEY CITY, N.J., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that its president and CEO, Lee Shavel, has been appointed to the Federal Advisory Committee on Insurance (FACI). FACI provides advice and recommendations to assist the Federal Insurance Office (FIO) within the U.S. Department of the Treasury in carrying out its duties and authorities in monitoring the insurance industry. The committee is limited to 25 members ...
Verisk Estimates Industry Insured Losses for Hurricane Milton Will Range Between USD 30 Billion to USD 50 Billion
GlobeNewswire News Room· 2024-10-16 10:05
BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses to onshore property for Hurricane Milton will fall between USD 30 billion and USD 50 billion. This estimate includes losses due to wind, privately insured estimates of storm surge, and privately insured precipitation induced flood losses resulting from Milton's landfall in Florida. The majority of the insured los ...
Verisk to Announce Fiscal Third-Quarter 2024 Results on October 30, 2024
GlobeNewswire News Room· 2024-10-09 12:30
JERSEY CITY, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal third quarter ended September 30, 2024, on Wednesday, October 30, 2024, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com. Verisk's management team will host a live audio webcast to discuss the financial results and busi ...
Verisk Estimates Industry Insured Losses in U.S. for Hurricane Helene Will Range Between USD 6 Billion to USD 11 Billion
GlobeNewswire News Room· 2024-10-08 20:23
BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses due to wind, storm surge and hurricane precipitation induced flood in the U.S. for Hurricane Helene will range between USD 6 billion to USD 11 billion. Please note that this figure does not include NFIP losses. Meteorological History of Helene On September 23, the National Hurricane Center (NHC) identified and designa ...