Core Insights - The average annual loss (AAL) from global natural catastrophes has reached a record high of $151 billion, with non-crop losses accounting for $119 billion [1][2] - The average exposure growth is projected at 7.2%, driven by property replacement values from new construction and inflation over the past five years [1][2] Group 1: Industry Trends - The insurance industry should prepare for total annual insured losses from natural catastrophes averaging $151 billion, with potential for higher losses in large loss years [3] - Factors driving the rise in global insured natural catastrophe losses include rapid urban expansion, climate change impacts, and increasing frequency of events alongside economic and social inflation [3][4] - More than half of the global population now resides in urban areas, contributing to rising exposure levels in both developing and developed countries [3] Group 2: Climate Change Impact - Climate change is expected to increase the frequency and intensity of extreme weather events, although its current contribution to annual loss increases is approximately 1% [5][6] - Understanding the climate's role in variability of global insured AAL is crucial for accurate risk modeling and management [6] Group 3: Recent Losses and Events - In 2023, insured losses were primarily driven by severe thunderstorms, with the U.S. experiencing a record-setting season that contributed over $57 billion to total insured losses [7] - The adjusted AAL for U.S. severe thunderstorms over the past five years has risen to approximately $39 billion, up from around $23 billion in the previous five-year period [7] Group 4: Verisk's Role - Verisk provides advanced catastrophe models that help the insurance industry understand and manage risks associated with natural catastrophes [8][9] - The models are designed to instill confidence in the management of insured risks and assist companies in stress-testing their portfolios against long-term climate change impacts [9]

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 ...

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 ...

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 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) 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 ...

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 ...

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 ...

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 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 ...