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 Maroun Mourad - President, Claims Solutions Conference Call Participants Toni Kaplan - Morgan Stanley Ashish Sabadra - RBC Capital Market ...

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 ...

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 ...

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 ...

Financial Performance - Consolidated revenues for Q3 2024 were $725 million, up 7.0% YoY, with organic constant currency (OCC) growth of 6.8% [1] - Income from continuing operations increased by 17.4% to $220 million in Q3 2024 [1] - Adjusted EBITDA rose by 9.4% to $401 million, with OCC growth of 7.2% [1] - Diluted GAAP EPS from continuing operations grew 19.4% to $1.54, while diluted adjusted EPS increased 9.9% to $1.67 [1] - Net cash provided by operating activities increased by 18.4% to $296 million, and free cash flow grew 22.9% to $241 million [1] Revenue Breakdown - Insurance revenues grew 7.0% in Q3 2024, driven by underwriting (6.7% growth) and claims (7.9% growth) [6][7][10] - Underwriting growth was primarily due to forms, rules, loss cost services, and extreme event solutions, while claims growth was driven by anti-fraud and property estimating solutions [10] - For the nine months ended September 30, 2024, insurance revenues increased 7.1% to $2.146 billion [9] Profitability and Margins - Adjusted EBITDA margin for the trailing twelve months was 54.6%, reflecting strong margin expansion [3] - Insurance segment EBITDA margin improved to 54.3% in Q3 2024, up from 51.2% in Q3 2023 [13] - The increase in income from continuing operations was driven by strong revenue growth, cost discipline, and a lower effective tax rate [11] Shareholder Returns - The company paid a cash dividend of 39 cents per share on September 30, 2024, and announced a 15% increase in the dividend for December 31, 2024 [1][16] - $400 million of common shares were repurchased in Q3 2024, with an additional $892 million remaining under the share repurchase authorization [17] Industry and Strategic Focus - The company continues to innovate and invest at scale to enhance efficiency, effectiveness, and profitability in the insurance industry [3] - The subscription-based business model has demonstrated strong performance, with sequential improvements in underwriting and claims [3][6] Financial Guidance - The company reaffirmed its 2024 financial guidance, with revenue expected between $2.84 billion and $2.90 billion, and adjusted EBITDA between $1.54 billion and $1.60 billion [18] - Diluted adjusted EPS is projected to be in the range of $6.30 to $6.60 for 2024 [18]

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) 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 ...

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 ...

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 ...

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 ...