Financial Performance - Verisk reported revenue of $773 million, a 7.8% year-over-year increase[12] - Adjusted EBITDA reached $445 million, up 11.9% year-over-year[12] - Adjusted EBITDA margin expanded by 220 basis points to 57.6%[9, 12] - Diluted Adjusted EPS increased by 8.0% to $1.88[9, 12] - Free cash flow grew by 22.6% to $189 million[9, 12] Revenue Breakdown - Underwriting revenue increased by 7.7% organically[9] - Claims revenue increased by 8.3% organically[9] - Subscription revenue grew by 9.3% organically, accounting for 81% of total revenue[9, 18] - Transactional revenue grew by 1.8% organically, accounting for 17% of total revenue[9, 18] Capital Allocation - Verisk returned $163 million to shareholders through dividends and share repurchases[8] - The company repurchased $100 million of shares in 2Q25[28] - A dividend of $0.45 per share was paid in 2Q25, totaling $63 million[28] Acquisitions and Outlook - Verisk closed the acquisition of SuranceBay for $163 million[8, 28] - Verisk signed an agreement to acquire AccuLynx for $2.35 billion[8, 28] - The company increased its revenue outlook for 2025 to $3.09 billion - $3.13 billion[8, 24]

PART I — FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2025, covering balance sheets, operations, cash flows, and notes on significant accounting policies and subsequent events [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) | Balance Sheet Item | June 30, 2025 (in millions) | Dec 31, 2024 (in millions) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $628.7 | $291.2 | | Total current assets | $1,377.4 | $911.6 | | Goodwill | $1,809.4 | $1,726.6 | | Total assets | $4,794.9 | $4,264.7 | | **Liabilities & Equity** | | | | Long-term debt | $3,233.2 | $2,546.9 | | Total liabilities | $4,482.3 | $4,159.7 | | Total stockholders' equity | $312.6 | $105.0 | - Total assets increased to approximately **$4.8 billion** as of June 30, 2025, from **$4.3 billion** at year-end 2024, primarily driven by a significant increase in cash and cash equivalents and goodwill[10](index=10&type=chunk) - Total liabilities rose to nearly **$4.5 billion**, largely due to an increase in long-term debt, which grew from **$2.5 billion** to **$3.2 billion**[10](index=10&type=chunk) [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) | Metric | Q2 2025 (in millions) | Q2 2024 (in millions) | YoY Change | H1 2025 (in millions) | H1 2024 (in millions) | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Revenues | $772.6 | $716.8 | +7.8% | $1,525.6 | $1,420.8 | +7.4% | | Operating income | $354.3 | $318.7 | +11.2% | $684.4 | $626.1 | +9.3% | | Net income attributable to Verisk | $253.3 | $308.1 | -17.8% | $485.6 | $527.7 | -8.0% | | Diluted EPS attributable to Verisk | $1.81 | $2.15 | -15.8% | $3.45 | $3.67 | -6.0% | - Revenues and operating income grew year-over-year for both the three and six-month periods, however, net income and EPS declined significantly due to a large investment gain of **$99.8 million** in Q2 2024 that was not repeated in 2025[11](index=11&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) | Cash Flow Activity (Six Months Ended June 30) | 2025 (in millions) | 2024 (in millions) | | :--- | :--- | :--- | | Net cash provided by operating activities | $689.2 | $592.4 | | Net cash (used in) provided by investing activities | $(138.4) | $(23.8) | | Net cash (used in) provided by financing activities | $(225.7) | $(236.9) | | Net increase in cash and cash equivalents | $337.5 | $329.4 | - Cash from operations increased by **$96.8 million** for the first six months of 2025 compared to the prior year, driven by higher operating profit and a federal tax refund[19](index=19&type=chunk)[146](index=146&type=chunk) - Financing activities for the first half of 2025 included proceeds from new debt (**$698.3 million**), repayment of debt (**$500.0 million**), stock repurchases (**$300.1 million**), and dividend payments (**$126.0 million**)[19](index=19&type=chunk)[150](index=150&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) - On April 2, 2025, the company acquired Simplitium Limited for a cash purchase price of **$19.7 million**, which resulted in **$11.9 million** of goodwill[38](index=38&type=chunk)[39](index=39&type=chunk) - In March 2025, the company issued **$700.0 million** of 5.250% senior notes due 2035, with a portion of the proceeds used in April 2025 to repay **$500.0 million** of 4.000% senior notes due 2025[49](index=49&type=chunk) - The company is involved in several legal proceedings, including class actions related to telematics data, for which it is not possible to reasonably estimate liability at this stage[83](index=83&type=chunk)[84](index=84&type=chunk) - Subsequent to the quarter's end, the company completed the acquisition of SuranceBay for **$162.5 million** and entered into a definitive agreement to acquire AccuLynx for **$2.35 billion** in cash[89](index=89&type=chunk)[90](index=90&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial results, highlighting revenue growth driven by Underwriting and Claims, while explaining the decline in net income and EBITDA margin due to a non-recurring investment gain in the prior year, alongside strong liquidity and capital structure modifications [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Revenue by Category (Q2 2025 vs Q2 2024) | Category | Q2 2025 (in millions) | Q2 2024 (in millions) | YoY Change | | :--- | :--- | :--- | :--- | | Underwriting | $549.6 | $507.5 | +8.3% | | Claims | $223.0 | $209.3 | +6.6% | | **Total Insurance** | **$772.6** | **$716.8** | **+7.8%** | Revenue by Category (H1 2025 vs H1 2024) | Category | H1 2025 (in millions) | H1 2024 (in millions) | YoY Change | | :--- | :--- | :--- | :--- | | Underwriting | $1,081.6 | $1,005.9 | +7.5% | | Claims | $444.0 | $414.9 | +7.0% | | **Total Insurance** | **$1,525.6** | **$1,420.8** | **+7.4%** | - The decrease in Net Income and EBITDA margin for both the three and six-month periods was primarily driven by net gains realized in the prior year from the settlement of retained interests related to past business divestitures, which did not recur in 2025[122](index=122&type=chunk)[123](index=123&type=chunk)[135](index=135&type=chunk) - Operating expenses increased at a slower rate than revenues for Q2 2025 (**5.1%** vs **7.8%**), leading to an **11.2%** increase in operating income[108](index=108&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) - The company generated significant cash flow from operations, totaling **$689.2 million** for the first six months of 2025, an increase of **16.3%** from the prior year[144](index=144&type=chunk)[146](index=146&type=chunk) - During the first six months of 2025, the company used cash for **$300.1 million** in share repurchases and **$126.0 million** in dividend payments[141](index=141&type=chunk) - Total debt increased to **$3.25 billion** at June 30, 2025, from **$3.05 billion** at year-end 2024, with **$995.4 million** available under its **$1 billion** syndicated revolving credit facility[142](index=142&type=chunk)[143](index=143&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company reports no material changes to its market risks since the disclosures made in its Annual Report on Form 10-K for the year ended December 31, 2024 - Market risks as of June 30, 2025, have not materially changed from those discussed in the company's 2024 Form 10-K filed on February 26, 2025[154](index=154&type=chunk) [Item 4. Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the period - The CEO and CFO concluded that as of June 30, 2025, the company's disclosure controls and procedures were effective at a reasonable assurance level[156](index=156&type=chunk) - There were no changes in the company's internal control over financial reporting during the six months ended June 30, 2025, that have materially affected or are likely to materially affect it[157](index=157&type=chunk) PART II — OTHER INFORMATION [Item 1. Legal Proceedings](index=48&type=section&id=Item%201.%20Legal%20Proceedings) This section cross-references Note 15 of the financial statements, detailing the company's involvement in various legal proceedings in the ordinary course of business - The company is party to various legal proceedings in the ordinary course of business, with further details provided in Note 15 of the condensed consolidated financial statements[159](index=159&type=chunk) [Item 1A. Risk Factors](index=48&type=section&id=Item%201A.%20Risk%20Factors) The company reports no material changes to the risk factors disclosed in its Annual Report on Form 10-K for the year ended December 31, 2024 - There has been no material change in the risk factors from those disclosed in the Annual Report on Form 10-K filed on February 26, 2025[160](index=160&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=48&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company confirms no unregistered sales of equity securities during the quarter, detailing share repurchase activities including an additional **$1.0 billion** authorization and **$1,291.5 million** remaining available - The company did not have any unregistered sales of equity securities during the reported period[161](index=161&type=chunk) - In February 2025, the Board of Directors approved an additional **$1.0 billion** for share repurchases, with **$1,291.5 million** remaining available for future repurchases as of June 30, 2025[162](index=162&type=chunk) - During the quarter, the company repurchased **446,779** shares through the settlement of two Accelerated Share Repurchase (ASR) agreements[162](index=162&type=chunk) [Item 3. Defaults Upon Senior Securities](index=49&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon its senior securities during the period - None[163](index=163&type=chunk) [Item 4. Mine Safety Disclosures](index=49&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) The company indicates no mine safety disclosures to report - None[164](index=164&type=chunk) [Item 5. Other Information](index=49&type=section&id=Item%205.%20Other%20Information) The company states that no Section 16 officers or directors adopted, modified, or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the second quarter of 2025 - During the quarter ended June 30, 2025, no Section 16 officers or directors adopted, modified, or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement[165](index=165&type=chunk) [Item 6. Exhibits](index=49&type=section&id=Item%206.%20Exhibits) This section directs the reader to the Exhibit Index for a comprehensive list of all documents filed as part of the Form 10-Q - Refers to the Exhibit Index for a list of filed documents, including certifications and XBRL data[166](index=166&type=chunk)[168](index=168&type=chunk)

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Verisk reported strong Q2 2025 results with revenue at **$773 million** and adjusted EBITDA at **$445 million**, raising full-year guidance and advancing strategic acquisitions Q2 2025 Financial Highlights (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Revenues | $773M | $717M | +7.8% | | Net Income | $253M | $308M | -17.7% | | Adjusted EBITDA | $445M | $397M | +11.9% | | Diluted EPS | $1.81 | $2.15 | -15.8% | | Diluted Adjusted EPS | $1.88 | $1.74 | +8.0% | - CEO Lee Shavel highlighted the company's evolution from a data analytics specialist to an integrated technology network, reinforced by the strategic acquisitions of SuranceBay and AccuLynx[3](index=3&type=chunk) - CFO Elizabeth Mann emphasized strong operating momentum, with **7.9% OCC revenue growth** and **9.7% OCC adjusted EBITDA growth**, driven by solid operating leverage. The company continues to invest in core operations and strategic acquisitions while returning capital to shareholders[4](index=4&type=chunk) - Verisk announced the acquisition of SuranceBay for **$163 million** and a definitive agreement to acquire AccuLynx for **$2.35 billion**, significantly expanding its capabilities in the insurance ecosystem[7](index=7&type=chunk) [Detailed Financial Performance](index=3&type=section&id=Detailed%20Financial%20Performance) This section details Verisk's Q2 2025 financial performance, analyzing revenue, profitability, earnings per share, and cash flow [Revenue Analysis](index=3&type=section&id=Revenue) Total revenue increased **7.8%** to **$773 million** in Q2 2025, driven by growth in both Underwriting and Claims segments of the Insurance business Revenue by Segment (in millions) | Segment | Q2 2025 Revenue | Q2 2024 Revenue | Reported Change | OCC Change | | :--- | :--- | :--- | :--- | :--- | | Underwriting | $550 | $508 | 8.3% | 7.7% | | Claims | $223 | $209 | 6.6% | 8.3% | | **Total Insurance** | **$773** | **$717** | **7.8%** | **7.9%** | - Growth in Underwriting revenue was primarily driven by forms, rules, loss cost services, and extreme event solutions[13](index=13&type=chunk) - Claims revenue growth was mainly attributed to strong performance in property estimating solutions and anti-fraud solutions[13](index=13&type=chunk) [Profitability Analysis](index=3&type=section&id=Net%20Income%2C%20Adjusted%20EBITDA%20and%20Adjusted%20EBITDA%20Margin) Net income decreased to **$253 million** due to prior-year gains, while Adjusted EBITDA grew **11.9%** to **$445 million**, expanding the margin to **57.6%** - The **17.7% decrease** in quarterly net income was primarily the result of net gains recognized in the prior year period from the sales of healthcare and specialized market businesses and the early extinguishment of debt[11](index=11&type=chunk) Adjusted EBITDA Performance (in millions) | Metric | Q2 2025 | Q2 2024 | Reported Change | OCC Change | | :--- | :--- | :--- | :--- | :--- | | Adjusted EBITDA | $445 | $397 | 11.9% | 9.7% | | Adjusted EBITDA Margin | 57.6% | 55.4% | +220 bps | N/A | - The **9.7% OCC growth** in Adjusted EBITDA was driven by operating leverage on solid revenue growth and effective cost discipline[14](index=14&type=chunk) [Earnings Per Share (EPS)](index=5&type=section&id=Diluted%20Earnings%20Per%20Share) Diluted GAAP EPS decreased to **$1.81** due to prior-year gains, while Diluted Adjusted EPS increased **8.0%** to **$1.88** from strong operational performance Diluted EPS Comparison | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Diluted GAAP EPS | $1.81 | $2.15 | -15.8% | | Diluted Adjusted EPS | $1.88 | $1.74 | +8.0% | - The decrease in diluted GAAP EPS was primarily due to net gains in the prior-year period from business sales and early debt extinguishment[19](index=19&type=chunk) - Diluted adjusted EPS increased **8.0%**, reflecting strong operational performance and a lower average share count, partially offset by higher interest and depreciation expenses[19](index=19&type=chunk) [Cash Flow and Capital Return](index=5&type=section&id=Cash%20Flow%20and%20Capital%20Return) Net cash from operating activities grew **15.5%** to **$245 million** and free cash flow increased **22.6%** to **$189 million**, alongside continued capital returns Q2 2025 Cash Flow (in millions) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Net cash provided by operating activities | $244.5 | $211.7 | +15.5% | | Capital expenditures | ($55.8) | ($57.8) | -3.5% | | Free cash flow | $188.7 | $153.9 | +22.6% | - During Q2, the company completed a **$100 million** Accelerated Share Repurchase program, buying back **0.3 million shares**. **$1.3 billion** remains authorized for future repurchases[20](index=20&type=chunk) - A cash dividend of **$0.45 per share** was paid on June 30, 2025. The Board approved another **$0.45 per share** dividend payable on September 30, 2025[20](index=20&type=chunk) [Business Outlook and Strategic Developments](index=6&type=section&id=Business%20Outlook%20and%20Strategic%20Developments) This section outlines Verisk's updated full-year 2025 guidance and details recent strategic acquisitions that expand its market capabilities [Full Year 2025 Outlook](index=6&type=section&id=Full%20Year%202025%20Outlook) Verisk raised its full-year 2025 guidance for total revenue to **$3.09B - $3.13B** and adjusted EBITDA to **$1.70B - $1.74B**, while narrowing adjusted EPS Updated Full Year 2025 Guidance (in millions, except per share amounts) | Metric | Original Guidance | Updated Guidance | | :--- | :--- | :--- | | Total revenue | $3,030 - $3,080M | **$3,090 – $3,130M** | | Adjusted EBITDA | $1,670 - $1,720M | **$1,700 – $1,740M** | | Diluted adjusted EPS | $6.80 – $7.10 | **$6.80 – $7.00** | | Interest expense | $145 - $165M | **$190 – $210M** | [Subsequent Events (Acquisitions)](index=6&type=section&id=Subsequent%20Events) Verisk completed the acquisition of SuranceBay for **$162.5 million** and agreed to acquire AccuLynx for **$2.35 billion**, expanding its insurance ecosystem capabilities - On July 17, 2025, Verisk acquired SuranceBay, a provider of producer licensing and compliance solutions for the life and annuity industry, for **$162.5 million** in cash[22](index=22&type=chunk) - On July 29, 2025, Verisk agreed to acquire AccuLynx, a leading SaaS business management platform for residential property contractors, for **$2.35 billion** in cash[23](index=23&type=chunk) [Appendix](index=8&type=section&id=Appendix) This appendix provides supplementary information, including non-GAAP financial measure explanations, unaudited financial statements, and GAAP to non-GAAP reconciliations [Non-GAAP Financial Measures Explanation](index=8&type=section&id=Notes%20Regarding%20the%20Use%20of%20Non-GAAP%20Financial%20Measures) Verisk utilizes non-GAAP measures like Adjusted EBITDA, Adjusted EPS, and OCC growth to provide supplemental operating insights by excluding specific non-recurring and non-cash items - Adjusted EBITDA is used to measure operating performance and is calculated by adjusting GAAP net income for items like depreciation, amortization, interest, taxes, and certain nonrecurring gains or losses[33](index=33&type=chunk) - Diluted Adjusted EPS excludes the after-tax effect of acquisition-related costs and nonrecurring items to better represent the after-tax profitability of core results[34](index=34&type=chunk) - Organic Constant Currency (OCC) growth rates are presented to assess performance excluding the impacts of foreign currency fluctuations, recent acquisitions, and dispositions[39](index=39&type=chunk) [Financial Statements (Unaudited)](index=11&type=section&id=Attached%20Financial%20Statements) This section presents unaudited Condensed Consolidated Financial Statements, including Balance Sheets, Statements of Operations, and Statements of Cash Flows - The Condensed Consolidated Balance Sheet shows total assets grew to **$4,794.9 million** as of June 30, 2025, from **$4,264.7 million** at December 31, 2024[43](index=43&type=chunk) - The Condensed Consolidated Statement of Operations for the six months ended June 30, 2025, reports revenues of **$1,525.6 million** and net income attributable to Verisk of **$485.6 million**[44](index=44&type=chunk) - The Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2025, shows net cash provided by operating activities of **$689.2 million**[45](index=45&type=chunk) [Non-GAAP Reconciliations](index=15&type=section&id=Non-GAAP%20Reconciliations) This section provides detailed tabular reconciliations of GAAP to non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow Q2 2025 Net Income to Adjusted EBITDA Reconciliation (in millions) | Line Item | Amount | | :--- | :--- | | Net income | $253.3 | | D&A, Interest, Taxes | +$192.4 | | EBITDA | $445.7 | | Adjustments (e.g., earn-outs) | -$0.9 | | **Adjusted EBITDA** | **$444.8** | Q2 2025 Net Income to Adjusted Net Income Reconciliation (in millions) | Line Item | Amount | | :--- | :--- | | Net income | $253.3 | | Adjustments (e.g., Amortization of intangibles, net of tax) | +$11.1 | | **Adjusted net income** | **$264.4** | - The company states it is not able to provide a reconciliation of projected non-GAAP guidance to the comparable GAAP results due to the high unpredictability of certain excluded items[41](index=41&type=chunk)

Core Viewpoint - Verisk reported strong financial results for Q2 2025, with revenue growth prompting an increase in full-year revenue and adjusted EBITDA guidance [2][3][17]. Financial Performance - Q2 2025 revenues reached $773 million, a 7.8% increase from $717 million in Q2 2024, and a 7.9% increase on an organic constant currency (OCC) basis [5][7]. - Net income for Q2 2025 was $253 million, down 17.7% from $308 million in Q2 2024, primarily due to prior year gains [7][9]. - Adjusted EBITDA for Q2 2025 was $445 million, up 11.9% from $397 million in Q2 2024, with a 9.7% increase on an OCC basis [7][10]. - Diluted GAAP EPS was $1.81, down 15.8%, while diluted adjusted EPS increased by 8.0% to $1.88 [7][14]. Revenue Breakdown - Underwriting revenues increased by 8.3% to $550 million in Q2 2025, while claims revenues grew by 6.6% to $223 million [8][13]. - For the first half of 2025, total revenues were $1,526 million, a 7.4% increase from $1,421 million in the same period of 2024 [5][8]. Cash Flow and Capital Return - Net cash provided by operating activities increased by 15.5% to $245 million in Q2 2025, with free cash flow rising by 22.6% to $189 million [20][15]. - The company paid a cash dividend of $0.45 per share in Q2 2025, reflecting a 15.4% increase from the previous year [20][15]. Strategic Acquisitions - Verisk completed the acquisition of SuranceBay for $163 million on July 17, 2025, enhancing its capabilities in the life and annuity sector [21]. - A definitive agreement was signed to acquire AccuLynx for $2.35 billion, aimed at strengthening its position in the insurance claims and restoration ecosystem [22]. Updated Guidance - The updated full-year 2025 guidance includes total revenue expectations of $3,090 to $3,130 million and adjusted EBITDA of $1,700 to $1,740 million [17].

Core Insights - Verisk has entered into a definitive agreement to acquire AccuLynx for $2.35 billion in cash, aimed at enhancing its network capabilities within the insurance claims and restoration ecosystem [1][8] - The acquisition is projected to positively impact Verisk's revenue growth, adjusted EBITDA margin, and adjusted EPS by the end of 2026 [2] Strategic Rationale - AccuLynx is seen as a natural extension of Verisk's existing solutions for insurance carriers, adjustors, and contractors, enhancing the network effect and creating significant value across the insurance claims and restoration ecosystem [4][7] - The acquisition will streamline operations for residential property contractors, addressing critical workflow stages such as lead generation, sales, and job management [4][5] Market Position and Benefits - AccuLynx's platform is utilized by 80% of the top property insurance carriers, indicating strong market trust and integration potential with Verisk's Property Estimating Solutions [5] - The integration is expected to reduce manual work, improve information flow, and deliver cost and time savings for both insurance carriers and contractors, ultimately benefiting policyholders through quicker repairs [5][6] Transaction Details - The transaction will be financed through fully committed debt financing and cash on hand, with an expected closing by the end of Q3 2025, pending regulatory approval [8] - Goldman Sachs & Co. LLC and PJT Partners are serving as financial advisors to Verisk, with Goldman Sachs Bank USA acting as the lead arranger for bridge financing [9] Company Overview - Verisk is a leading data analytics and technology partner for the global insurance industry, focusing on improving operational efficiency, underwriting, claims outcomes, and risk management [11]

Core Insights - Verisk (VRSK) is set to release its second-quarter fiscal 2025 results on July 30, with expectations of surpassing earnings estimates based on historical performance [1] Revenue Expectations - The Zacks Consensus Estimate for Verisk's revenues is $768.5 million, indicating a 7.2% growth compared to the same quarter last year, driven by strong growth in subscription-based solutions and effective pricing strategies [2][10] - Estimated revenues from the United States are projected at $635.1 million, reflecting a 7% year-over-year increase, while revenues from the U.K. are expected to reach $58.2 million, suggesting a 14.1% rise [3][10] - Revenues from other countries are anticipated to grow by 2.1% year-over-year to $73.7 million [3] Earnings Projections - The consensus estimate for earnings per share is $1.77, indicating a 1.7% growth from the previous year's reported figure, attributed to strong operational performance [4] - Verisk currently has an Earnings ESP of 0.00% and a Zacks Rank of 3, suggesting that the model does not predict a definitive earnings beat this time [5]

Core Insights - The California Department of Insurance (CDI) has approved the Verisk Wildfire Model for assessing wildfire risk and property insurance ratemaking, marking a significant milestone in California's insurance landscape [1][3]. - This model is the first catastrophe model to successfully complete the CDI's evaluation under the new regulatory framework, promoting data-driven risk assessment in California [1][2]. Company Overview - Verisk, a leading global analytics and data provider, developed the Wildfire Model leveraging decades of wildfire science, engineering expertise, and climate data [2][6]. - The model aims to stabilize California's insurance market as part of Commissioner Ricardo Lara's Sustainable Insurance Strategy [2][4]. Industry Impact - The approval allows California insurance carriers to utilize a robust wildfire model for the first time, enhancing the accuracy of wildfire risk assessments and encouraging greater insurer participation [3][4]. - The model incorporates advanced science and data, accounting for both property-level and community-level mitigation efforts, addressing concerns over insurance availability in fire-prone regions [4][5]. Collaboration and Transparency - The approval process involved years of collaboration, transparency, and rigorous review between Verisk and the CDI, highlighting the commitment to informed, data-driven decisions that benefit the insurance industry and communities [5][6].

Core Insights - Verisk has signed a definitive agreement to acquire SuranceBay for $162.5 million in cash, aiming to enhance efficiency in the life and annuity insurance ecosystem [1][2] - The acquisition will integrate SuranceBay's agency management software, SureLC™, into Verisk's FAST platform, covering all aspects of the insurance life cycle [2][3] - Verisk's commitment to investing in the life and annuity space is emphasized, with a focus on improving the connection between carriers and distribution partners [4][5] Company Overview - Verisk is a leading global data analytics and technology provider for the insurance industry, focusing on operational efficiency, underwriting, claims outcomes, and risk management [6] - SuranceBay specializes in software solutions that automate and simplify the insurance buying and selling process, providing an integrated experience for various stakeholders [3][4] Strategic Goals - The integration of SuranceBay is expected to enhance efficiency, agility, and scalability in the insurance market, reducing friction between carriers and distribution partners [2][4] - Both companies share a focus on technology that streamlines operations, aiming to deliver necessary efficiencies in the life and annuity market [5]

Core Viewpoint - Verisk is set to report its financial results for the fiscal second quarter ended June 30, 2025, on July 30, 2025, before the market opens [1] Group 1: Financial Reporting - The financial results will be discussed in a live audio webcast on July 30 at 8:30 a.m. ET, accessible via the Verisk investor website [2] - A replay of the webcast will be available for 30 days on the Verisk investor website and through a dedicated conference call number [3] Group 2: Company Overview - Verisk is a leading strategic data analytics and technology partner to the global insurance industry, focusing on improving operational efficiency, underwriting, claims outcomes, and combating fraud [4] - The company employs advanced data analytics, software, and scientific research to address global risks, including climate change and political issues, while fostering an inclusive culture across its teams in over 20 countries [4]

Core Insights - OneClick Data, Inc. has integrated its building code data with Verisk's Xactware platform, enhancing claims professionals' access to crucial local code information for faster and more accurate claims resolution [1][2][6] - The collaboration aims to eliminate guesswork in property restoration claims, improving efficiency and transparency in the claims ecosystem [4][6] - OneClick Code's database covers over 32,000 municipalities and more than 99% of street addresses in the U.S., significantly outperforming other solutions that may return no results up to 40% of the time [4] Company Overview - OneClick Data, Inc. specializes in automated building code and permit data, providing address-specific reports that enhance transparency and accuracy in the construction and insurance industries [7] - The company has generated over 500,000 building code reports in the past year, showcasing its extensive reach and capability in the market [4] Industry Impact - The integration with Verisk's Xactware suite supports professionals in property insurance, remodeling, and restoration, driving accuracy and efficiency in claims resolution [5] - The upcoming expansion of OneClick Code's offerings will include exterior building code data, further aiding claims professionals in reducing research time and minimizing loss adjustment expenses [3]