CCC Intelligent Solutions (US:CCCS)2023-08-10 08:26Company Overview - CCC's platform facilitates over $100 billion in annual transactions within the P&C insurance economy[12] - The company boasts a high gross dollar retention rate of 99% and a net dollar retention of 107%[19] - CCC has demonstrated durable, long-term organic growth with an 11% revenue CAGR from 2015 to 2022[19] Financial Performance - The company has a strong adjusted EBITDA margin of 39% in 2022[19] - CCC targets long-term revenue growth of 7-10% annually[59] - As of June 30, 2023, the adjusted gross profit margin was calculated to be 77%[105] Market and Solutions - Nearly half (42%) of the entire P&C insurance market is auto insurance, with claims of approximately $225 billion[28] - CCC connects over 35,000 companies within the insurance economy, facilitating over $100 billion in annual transactions[30, 31] - The US auto market presents a $9 billion market opportunity for CCC[72] - CCC's cloud platform processes 49 billion database transactions daily[87]