Verisk Analytics Inc

VRSK

Equity

ISIN US92345Y1064 / Valor 10595048

NASDAQ (2024-11-21)

USD 287.56+1.18%

Verisk Analytics Inc
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About company

Verisk Analytics Inc is a leading global data analytics and technology provider specializing in fraud detection and analysis in the insurance claims process, with a focus on property and casualty claims. The company's ClaimSearch® platform houses the world's largest P&C claims database, while its collaboration with insurance technology companies enhances fraud detection capabilities. Verisk also offers climate- and weather-related risk management solutions through its AER division, providing businesses and governments with research, development reports, databases, and software solutions. Additionally, Verisk is known for its industry-leading catastrophe risk modeling software that incorporates global loss indexes and advanced analytics.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Verisk Analytics Inc. reported consolidated revenues of $717 million for the second quarter of 2024, reflecting a 6.2% increase from the same period in the previous year. On an organic constant currency (OCC) basis, revenues also grew by 6.0%. This growth was driven by contributions from both underwriting and claims within the Insurance segment.

Income and Adjusted EBITDA

For the second quarter of 2024, Verisk Analytics Inc. reported income from continuing operations of $308 million, marking a significant increase of 50.7%. Adjusted EBITDA, a non-GAAP measure, was $397 million, up 8.8% from the previous year, and up 8.5% on an OCC basis. This growth was primarily due to strong revenue performance and cost discipline.

Earnings Per Share

Verisk Analytics Inc.'s diluted GAAP earnings per share (EPS) from continuing operations for the second quarter of 2024 were $2.15, an increase of 52.5%. Diluted adjusted EPS, a non-GAAP measure, was $1.74, up 15.2% from the same period in the previous year. This reflects revenue and profit growth, a lower effective tax rate, and a reduced average share count due to the company's accelerated share repurchase program.

Cash Flow and Free Cash Flow

Net cash provided by operating activities for Verisk Analytics Inc. was $212 million in the second quarter of 2024, up 9.7% from the previous year. Free cash flow, a non-GAAP measure, was $154 million, representing a 14.3% increase. This strong cash flow performance supports the company's ongoing investments and shareholder returns.

Dividends and Share Repurchases

Verisk Analytics Inc. paid a cash dividend of 39 cents per share on June 28, 2024, and repurchased $150 million of its common shares during the second quarter of 2024. The Board of Directors has approved a cash dividend of 39 cents per share payable on September 30, 2024, an increase of 15% from 2023. The company also completed an Accelerated Share Repurchase program, repurchasing 552,406 shares at an average price of $271.54.

Summarized from source with an LLMView Source

Key figures

19.9%1Y

25.0%3Y

99.1%5Y

Performance

19.5%1Y

22.9%3Y

26.6%5Y

Volatility