Verisk report reveals challenges and trends in roof repair and replacement costs based on peril exposure, shape and building materialsJERSEY CITY, N.J., April 08, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today released its U.S. Roofing Realities Trend Report, which identifies trends and challenges in roof conditions. These are supported by insights from Verisk’s personal property solutions, which are used by many of the top P&C insurance carrie ...

CONSHOHOCKEN, Pa., April 03, 2025 (GLOBE NEWSWIRE) -- Cygnus Marketing Communications, a leader in performance marketing and enterprise technology solutions serving the higher education vertical, today announced its strategic alliance with Verisk Marketing Solutions (VMS), a business of the leading global data analytics and technology provider Verisk. This collaboration seamlessly integrates Verisk Marketing Solutions' robust, privacy-forward data offerings, including TCPA insights, identity, and attribute ...

Verisk Analytics, Inc. (VRSK) has had an impressive run over the past year. The company's shares have surged 28.3% against the 13.1% decline of its industry and the 7.7% fall of the Zacks S&P 500 Composite. VRSK reported impressive fourth-quarter 2024 results. Both earnings and revenues surpassed the Zacks Consensus Estimate. Adjusted earnings (excluding 12 cents from non-recurring items) were $1.61 per share, surpassing the Zacks Consensus Estimate by 0.6% and growing 15% from the year-ago quarter. Total r ...

It has been about a month since the last earnings report for Verisk Analytics (VRSK) . Shares have added about 2.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Verisk due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It tur ...

Group 1 - The previous investment stance on Verisk Analytics (NASDAQ: VRSK) was a hold rating due to a lack of confidence in justifying the premium multiple at which the company was trading [1] - The renewed view on VRSK emphasizes a focus on long-term investments while also incorporating short-term shorts to uncover alpha opportunities [1] - The investment approach is centered around bottom-up analysis, examining the fundamental strengths and weaknesses of individual companies [1] Group 2 - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]

Jersey City, N.J., March 21, 2025 (GLOBE NEWSWIRE) -- Verisk, a leading global data analytics and technology provider, today announced that its Board of Directors has nominated to stand for election as directors Christopher J. Perry and Sabra R. Purtill. Perry is president of Broadridge Financial Solutions, Inc. Purtill is an experienced executive of insurance and financial services companies, and she currently serves as an advisor at American International Group, Inc.  Perry and Purtill will stand for elec ...

Jersey City, N.J., March 21, 2025 (GLOBE NEWSWIRE) -- Verisk, a leading global data analytics and technology provider, today announced that its Board of Directors has nominated to stand for election as directors Christopher J. Perry and Sabra R. Purtill. Perry is president of Broadridge Financial Solutions, Inc. Purtill is an experienced executive of insurance and financial services companies, and she currently serves as an advisor at American International Group, Inc.  Perry and Purtill will stand for elec ...

Core Insights - The insurance industry is projected to have a net income of $170 billion for 2024, with an adjusted estimate of $100 billion after accounting for over $70 billion in capital gains from one insurer [1] - The underwriting gain for private U.S. property/casualty insurers reached $24.8 billion in 2024, a significant recovery from a loss of $21.8 billion in 2023, marking the first full-year underwriting gain in four years [2][5] Financial Performance - Premiums written by insurers increased to $926 billion in 2024 from $851 billion in 2023, while earned premiums grew by 9.8% to $895 billion [5][8] - The combined ratio improved to 96.4% in 2024 from 101.6% in 2023, indicating enhanced profitability [5][8] - The policyholders' surplus rose from $1,013 billion at the end of 2023 to $1,082 billion at the end of 2024 [5][8] Underwriting and Losses - Incurred losses and loss adjustment expenses increased by 1.9% in 2024, a notable decrease from the 10.1% increase in 2023 [5][8] - The second half of 2024 saw a net underwriting gain of $21.0 billion, a significant increase from $3.8 billion in the first half of the year [6] - Despite improvements, the industry continues to face challenges from natural catastrophes, with 2023 being the second worst year for catastrophic losses since 1950 [3][4] Market Dynamics - The personal auto insurance sector showed improvements due to necessary premium adjustments, while commercial auto premiums did not match the growth seen in 2023 [3] - Insurers increased loss and loss adjustment reserves at the end of 2024 to address escalating adverse developments from legal system abuse and social inflation [4] - The market is recalibrating in response to prolonged underwriting losses, necessitating a balance between pricing, risk selection, and claims management strategies [3]

Financial Data and Key Metrics Changes - In Q4 2024, consolidated revenue was $736 million, up 8.6% year-over-year, with income from continuing operations increasing by 12% to $204 million [29] - Diluted GAAP earnings per share (EPS) from continuing operations rose 15% to $1.44, driven by strong operating performance and a lower share count [29][39] - For the full year 2024, organic constant currency (OCC) revenue growth was 7.1%, building on 8.7% growth in 2023 [31] - Adjusted EBITDA margin for 2024 was 54.7%, up 120 basis points year-over-year, reflecting strong revenue growth and cost discipline [36] Business Line Data and Key Metrics Changes - Subscription revenues, which comprised 82% of total revenue in Q4, grew 11% on an OCC basis, driven by strength in subscription-based businesses and continued conversion from transactional contracts [32] - Underwriting revenues grew 7% and Claims revenues grew 12.7% in Q4, indicating sequential improvement across both segments [31] - Transactional revenue declined 1.1% on an OCC basis in Q4, reflecting ongoing conversion to subscription contracts [34] Market Data and Key Metrics Changes - The company experienced elevated transactional volume in property estimating solutions due to hurricanes Helene and Milton, although overall transactional revenues were down slightly [9][34] - The impact of California wildfires on the insurance industry was noted, with expectations for increased pricing and stability in the market due to heightened risk awareness [71][72] Company Strategy and Development Direction - The company is focused on three key initiatives: enhancing go-to-market strategies, deepening client engagement, and investing in innovation [10] - The Core Lines Reimagine project aims to improve product value and client satisfaction, with 13 new modules introduced in 2024 and more planned for 2025 [18][20] - The company is transitioning from a siloed organization to a more integrated one, enhancing its ability to deliver value to clients [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, emphasizing the importance of value-driven pricing and strong client relationships [54][55] - The outlook for 2025 includes expected consolidated revenue in the range of $3.03 billion to $3.08 billion, translating to OCC revenue growth of 6% to 8% [42] - Management highlighted the potential for continued strong premium growth and improved profitability in the insurance industry [28] Other Important Information - The company returned $355 million to shareholders through repurchases and dividends in Q4 2024, marking the third consecutive year of over $1 billion returned [40] - A divestiture of a non-strategic asset, Atmospheric and Environmental Research, was completed, further demonstrating active portfolio management [24] Q&A Session Summary Question: On price realization and customer pushback - Management noted success in driving value-driven price increases, with clients perceiving greater value from products, particularly in Core Lines Reimagine and Extreme Events [50][52][54] Question: Impact of subscription conversions on 2025 - Management indicated that the impact of specific contract conversions would persist through mid-2025, with ongoing success in converting transactional revenue to subscription [57][60] Question: Storm activity impact on transactional revenue - Management clarified that while storm activity had an impact, it did not reach the threshold for significant revenue growth, and normalized storm activity is expected in 2025 [62][65] Question: State of insurance in California - Management discussed the need for increased pricing in California due to heightened risks from wildfires, with expectations for stability in pricing as models are accepted [71][72] Question: Contribution of pricing to growth in 2025 - Management emphasized that while strong pricing input is expected, the ultimate outcome will depend on clients' perception of value [76][79] Question: CapEx and free cash flow expectations - Management indicated that CapEx guidance for 2025 reflects a healthy level of organic investment, with confidence in free cash flow growth supported by a dividend increase [130][132]

Verisk Analytics, Inc. (NASDAQ:VRSK) Q4 2024 Earnings Conference Call February 26, 2025 8:30 AM ET Company Participants Stacey Brodbar - Head of IR and FP&A Lee Shavel - President and CEO Elizabeth Mann - CFO Saurabh Khemka - Co-President, Underwriting Solutions Conference Call Participants Toni Kaplan - Morgan Stanley George Tong - Goldman Sachs Surinder Thind - Jefferies Kelsey Zhu - Autonomous Research Faiza Alwy - Deutsche Bank Andrew Steinerman - J.P. Morgan Alex Kramm - UBS Ashish Sabadra - RBC Capita ...