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U.S. Insurance Industry Begins to See Surplus Recovery, Boosted by First Quarter Capital Gains and Signs of U.S. Property and Casualty Firms Inching Towards Stabilization
GlobeNewswire News Room· 2024-08-28 16:03
JERSEY CITY, N.J., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers, today reported that half-year 2024 gains for the insurance industry are estimated to be $95 billion. Adjusting for over $50 billion in capital gains realized by one insurer, first half 2024 gains are estimated to be approximately $45 bi ...
Verisk Chief Human Relations Officer Sunita Holzer Joins Liberty Science Center's Board of Trustees
GlobeNewswire News Room· 2024-08-01 12:15
JERSEY CITY, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that its Chief Human Relations Officer, Sunita Holzer, has been elected to Liberty Science Center's Board of Trustees. Liberty Science Center is a nonprofit learning center with a mission to excite learners of all ages about the power, promise and pure fun of science, technology, engineering and math. The Center's mission aligns with Verisk's longstanding commi ...
Verisk Chief Human Relations Officer Sunita Holzer Joins Liberty Science Center's Board of Trustees
Newsfilter· 2024-08-01 12:15
JERSEY CITY, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Verisk (NASDAQ:VRSK), a leading global data analytics and technology provider, today announced that its Chief Human Relations Officer, Sunita Holzer, has been elected to Liberty Science Center's Board of Trustees. Liberty Science Center is a nonprofit learning center with a mission to excite learners of all ages about the power, promise and pure fun of science, technology, engineering and math. The Center's mission aligns with Verisk's longstanding commit ...
Verisk(VRSK) - 2024 Q2 - Earnings Call Transcript
2024-07-31 19:05
Verisk Analytics, Inc. (NASDAQ:VRSK) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Stacey Brodbar - Head, IR Lee Shavel - President and CEO Elizabeth Mann - CFO Saurabh Khemka - President, Core Lines Conference Call Participants Manav Patnaik - Barclays Surinder Thind - Jefferies Toni Kaplan - Morgan Stanley Ashish Sabadra - RBC Capital Markets Andrew Steinerman - JPMorgan Gregory Peters - Raymond James Alex Kramm - UBS Financial Jeff Meuler - Baird Kelsey Zhu - Autonomous R ...
Verisk (VRSK) Earnings Surpass Estimates in Q2, Revenues Miss
ZACKS· 2024-07-31 17:46
Verisk Analytics Inc. (VRSK) has reported mixed second-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, while revenues missed the same. VRSK's adjusted earnings (excluding 41 cents from non-recurring items) were $1.7 per share, surpassing the Zacks Consensus Estimate by 6.8% and rising 15.2.% from the year-ago quarter. Total revenues of $716.8 million missed the consensus estimate marginally while increasing 6.2% on a year-over-year basis. VRSK shares have gained 19.7% over the ...
Verisk Analytics (VRSK) Q2 Earnings Beat Estimates
ZACKS· 2024-07-31 13:26
Verisk Analytics (VRSK) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary ...
Verisk(VRSK) - 2024 Q2 - Quarterly Report
2024-07-31 11:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Delaware 26-2994223 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 545 Washington Boulevard Jersey City NJ 07310-1686 (Address of principal executive offices) (Zip Code) For the quarterly period ended June 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 Washington, D.C ...
Verisk(VRSK) - 2024 Q2 - Quarterly Results
2024-07-31 11:16
3 About Verisk Contact: This release contains forward-looking statements, including those related to our financial guidance. 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 materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements ...
Verisk Reports Second-Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-07-31 11:15
Consolidated revenues were $717 million, up 6.2%, and up 6.0% on an organic constant currency (OCC) basis for the second quarter of 2024. Income from continuing operations was $308 million, up 50.7% for the second quarter of 2024. Adjusted EBITDA, a non-GAAP measure, was $397 million, up 8.8%, and up 8.5% on an OCC basis. Diluted GAAP earnings per share from continuing operations (diluted EPS) were $2.15 for the second quarter of 2024, up 52.5%. Diluted adjusted earnings per share (diluted adjusted EPS), a ...
Verisk (VRSK) to Report Q2 Earnings: What's in the Offing?
ZACKS· 2024-07-26 18:12
Verisk Analytics (VRSK) is scheduled to release its second-quarter fiscal 2024 results on Jul 31, before market open. VRSK surpassed the Zacks Consensus Estimate in three of the four trailing quarters and missed in one, delivering an earnings surprise of 4.5%, on average. Q2 Expectations The Zacks Consensus Estimate for revenues is pegged at $722.5 million, indicating a 7% increase from the year-ago quarter's actual. Solid growth in underwriting and modest improvement in claims are anticipated to have benef ...