Verisk Reports Fourth-Quarter 2024 and Full-Year 2024 Financial Results

Core Insights - Verisk reported strong financial results for Q4 2024, with significant growth in revenue and earnings, indicating robust operational performance and strategic client engagement [2][5][6]. Financial Performance - Q4 2024 revenues reached $736 million, reflecting an 8.6% increase compared to Q4 2023, while full-year revenues for 2024 totaled$ 2,882 million, up 7.5% [4][5]. - Income from continuing operations for Q4 2024 was $204 million, an increase of 11.6%, and for the full year, it was$ 951 million, up 23.7% [9][15]. - Adjusted EBITDA for Q4 2024 was $398 million, a 9.9% increase, with full-year adjusted EBITDA at$ 1,576 million, also up 9.9% [10][15]. - Diluted EPS for Q4 2024 was $1.44, up 15.2%, and for the full year, it was$ 6.66, reflecting a 27.6% increase [15][16]. Revenue Breakdown - Underwriting revenues for Q4 2024 were $512 million, up 6.8%, while claims revenues were$ 224 million, up 13.0% [8][13]. - For the full year, underwriting revenues totaled $2,025 million, a 7.0% increase, and claims revenues were$ 857 million, up 8.7% [8][13]. Cash Flow and Dividends - Net cash provided by operating activities for Q4 2024 was $255 million, a 1.2% increase, and free cash flow was$ 200 million, up 2.0% [16]. - The company announced a 15% increase in its dividend, raising it to $0.45 per share, reflecting confidence in its economic model [17]. Share Repurchase and Authorizations - Verisk executed an accelerated share repurchase program of$ 300 million in Q4 2024, receiving an initial delivery of 0.9 million shares [18]. - As of December 31, 2024, there was $592 million remaining under the share repurchase authorization, with an additional$ 1.0 billion approved by the Board of Directors [19]. 2025 Financial Guidance - The company provided guidance for 2025, projecting revenues between $3,030 million and$ 3,080 million, and adjusted EBITDA between $1,670 million and$ 1,720 million [23].