Verisk Analytics

Verisk Analytics, Inc. is an American data analytics and risk assessment firm based in Jersey City, New Jersey, United States, serving customers worldwide in insurance, natural resources, financial services, government, and risk management. The company uses proprietary data sets and industry expertise to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and other fields.

Verisk Analytics Inc

Wood Mackenzie is a global energy, chemicals, renewables, metals and mining research and consultancy group with an international reputation for supplying comprehensive data, written analysis and consultancy advice. In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion.

Wood Mackenzie

Verisk Analytics, Inc. engages in the provision of data, analytics, and technology services. The firm also offers predictive analytics and decision support solutions to clients in rating, underwriting, claims, catastrophe, and weather risk fields. The company was founded in 1971 and is headquartered in Jersey City, NJ.

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Verisk Analytics reports robust Q4 performance and eyes growth opportunities

Verisk Analytics showcased strong financial performance and strategic changes in Q4 2022, with a focus on margin improvement.
Despite challenges, the company's strengths in insurance, capital efficiency, and client engagement position it well for growth.
Opportunities in new areas, international expansion, and pricing strategies offer avenues for sustained growth and profitability.

Verisk Analytics reports robust Q1 results amidst industry challenges

Verisk Analytics showcased strong financial performance and strategic resilience in Q1 2023, driven by revenue growth and client engagement initiatives.
The company navigated industry challenges while capitalizing on opportunities in the insurance and analytics sectors, maintaining guidance and pursuing innovation.
Transitioning to cloud solutions and subscription models, alongside strategic acquisitions, position Verisk Analytics for sustained growth and market leadership.
Strategic pricing, client outreach, and technological advancements underscore the company's ability to adapt to industry dynamics and drive value for stakeholders.

Verisk Analytics reports robust Q2 earnings and eyes global growth

Verisk Analytics delivered a strong Q2 performance with revenue and adjusted EBITDA growth, driven by subscription and transactional revenue increases.
The company's strengths lie in innovation, client engagement, and efficiency improvements, while facing challenges in marketing solutions and revenue factors.
Opportunities for growth include strategic partnerships, international expansion, and addressing client technology challenges, positioning Verisk for continued success.
Guidance increase for 2023 reflects confidence in future prospects, supported by a focus on ethical AI, data governance, and compliance enhancements.

Verisk Analytics excels in Q3 2023, poised for innovation-driven growth

Verisk Analytics demonstrated robust performance in Q3 2023, driven by organic revenue growth and successful client partnerships.
The company's strategic focus on data insights, innovation, and cost efficiency positions them well for future growth and value creation.
Investments in generative AI, modernization projects, and international expansion underscore Verisk's commitment to driving innovation and client satisfaction.
While challenges persist in the insurance industry landscape, Verisk's proactive approach to addressing industry concerns bodes well for long-term success.

Verisk Analytics reports exceptional 2023 performance and strategic growth plans

Verisk Analytics excelled in 2023, focusing on client needs, innovation, and efficiency.
Challenges in insurance industry addressed with strategic solutions and disciplined capital management.
Guidance for 2024 emphasizes operational efficiency, growth investments, and pricing opportunities.
Company's strong performance, leadership changes, and growth strategies position it well for the future.

Verisk Analytics excels in Q1 2024, focusing on innovation

Verisk Analytics demonstrated strong financial performance and operational efficiency in Q1 2024.
Innovation through Next Generation Models and AI technology positions the company for future growth.
Challenges in transactional revenue and M&A valuations require strategic adaptation for sustained success.

Verisk Analytics reports robust Q2 results and advances innovation

Verisk Analytics showcased strong financial performance, driven by subscription growth and cost discipline.
The company's focus on innovation and strategic engagement positions it well for future growth.
While facing challenges in transactional business, Verisk's outlook remains positive with a maintained guidance.

Verisk Analytics reports strong Q3 results, eyes industry growth opportunities

Verisk Analytics demonstrated robust financial results and strategic initiatives in Q3 2024, underpinned by subscription revenue growth and client-centric approaches.
While challenges like international business dynamics and market competition persist, Verisk's focus on innovation and client engagement positions it well for future growth.
With a strong performance in Q3 and a positive outlook for the full year, Verisk is poised to leverage industry trends and drive continued success.

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Verisk Analytics, Inc. (NASDAQ:VRSK ) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Stacey Brodbar - Head, IR Lee Shavel - President & CEO Elizabeth Mann - CFO Neil Spector - President, ISO Maroun Mourad - President, Global Underwriting Conference Call Participants George Tong - Goldman Sachs Manav Patnaik - Barclays Capital Alex Kramm - UBS Greg Peters - Raymond James Andrew Jeffrey - Truist Securities Jeff Meuler - Baird Toni Kaplan - Morgan Stanley Andrew Steinerman - J.P. Morgan Jeff Silber - BMO Capital Markets Andrew Nicholas - William Blair Heather Balsky - Bank of America Seth Weber - Wells Fargo Securities Surinder Thind - Jefferies Ashish Sabadra - RBC Russell Quelch - Redburn Operator Good day, everyone, and welcome to the Verisk Third Quarter 2023 Earnings Results Conference Call.

Verisk Analytics, Inc. (VRSK) Q3 2023 Earnings Call Transcript

Otis becomes strongest landfalling hurricane on record in this region and the fourth most intense in the nation's history Otis becomes strongest landfalling hurricane on record in this region and the fourth most intense in the nation's history

Verisk Estimates Industry Insured Losses from Hurricane Otis to Range from MXN 50 Billion to MXN 110 Billion (~USD 3 Billion to 6 Billion)

JERSEY CITY, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced results for the third quarter ended September 30, 2023.

Verisk Reports Third-Quarter 2023 Financial Results

Verisk's (VRSK) revenues are likely to decline after disposing the Energy and Specialized Markets and Financial Services segments.

Verisk (VRSK) to Report its Q3 Earnings: What's in the Offing?

Innovative billing and data management tools developed to improve the commercial property claims process Innovative billing and data management tools developed to improve the commercial property claims process

Verisk Introduces Xactimate Time & Materials Tool for Streamlined Job Cost Tracking

Verisk (VRSK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Verisk Analytics (VRSK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Moving data forward in its independent agent ecosystem by leveraging a robust package of data and analytics from Verisk Moving data forward in its independent agent ecosystem by leveraging a robust package of data and analytics from Verisk

Pearl Holding Group Selects Verisk's Data and Analytics to Streamline Independent Agent Auto Insurance Delivery

LONDON, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has added a new Climate Risk Dataset to its growing suite of sustainability and resilience analytics to provide powerful, geospatial insight into one of the most pressing issues facing global business today. The Dataset, launched by its risk intelligence business Verisk Maplecroft, has been developed as an end-to-end solution for insurers, corporates, banks, and investors to identify exposures to current and future climate risks across global operations, supply chains and portfolios.

Verisk expands its resilience and sustainability analytics with new Climate Risk Dataset

MARLBOROUGH, Mass. , Oct. 17, 2023 /PRNewswire/ -- OneShield, a leading provider of innovative insurance software solutions, is pleased to announce its integration with the next generation ISO Electronic Rating Content™ (ISO ERC™) from Verisk, a leading global data analytics and technology provider.

OneShield Announces Integration with Verisk's ISO Electronic Rating Content™

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JERSEY CITY, N.J., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal third quarter ended September 30, 2023, on Wednesday, November 1, 2023, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at  http://investor.verisk.com .

Verisk to Announce Fiscal Third-Quarter 2023 Results on November 1, 2023

JERSEY CITY, N.J, Sept. 27, 2023 (GLOBE NEWSWIRE) -- To help insurers keep pace with the changing nature of today's business exposures, as well as increase profitability and expand into new markets, Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has announced the launch of its latest update to the ISO Businessowners (BOP) program. With more than 300,000 new small businesses created annually over four of the past five years,i this update is essential to the industry and marks one of the most significant enhancements to the ISO BOP program.

Verisk's ISO Businessowners Program Adds Nearly 160 New Classifications to Help Insurers Keep Pace with Evolving Risks

Verisk Analytics has divested its troubled Financial Services Business, focusing on its core insurance markets. The company has also sold its Wood Mackenzie business, which faced challenges in the energy sector. Verisk's dedicated focus on the insurance industry and strong financial performance make it a high-quality growth company, but the stock is currently overvalued.

Verisk Analytics: Industry-Leading Data Analytics For Insurance And Claims, Stock Overvalued

LONDON, Sept. 14, 2023 (GLOBE NEWSWIRE) -- For the third consecutive year, leading global data analytics and technology provider Verisk (Nasdaq: VRSK) has been named one of the UK's Best Workplaces in Tech™. The Best Workplaces in Tech™️ list celebrates companies adept at developing dynamic, collaborative cultures that serve as a catalyst for innovation and personal growth for all.

Verisk Recognised as One of the UK's Best Workplaces in Tech™ for Third Consecutive Year

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The pandemic-induced demand spike for risk mitigation, cost reduction and productivity improvement solutions is likely to help the Zacks Business - Information Services industry prosper. VRSK, FDS and TRU are well-poised to benefit from this surge.

3 Business Information Stocks to Watch From a Prospering Industry

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The services sector is expanding at a steady pace which is helping stocks like Verisk Analytics, Inc. (VRSK), Huron Consulting Group Inc. (HURN), APi Group Corporation (APG) and MSCI Inc. (MSCI).

4 Stocks to Buy on Continued Expansion in Services Activity

BOSTON, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in the latest analysis using Verisk's extreme event solutions models.

Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B, A New High According to Verisk Report

LONDON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- A new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge, has been released by Verisk's (Nasdaq: VRSK) risk intelligence business, Verisk Maplecroft.

Verisk Releases First-of-Kind Predictive SRCC Data Model for Political Violence Insurers

BOSTON, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from USD 2.5 billion to USD 4 billion.

Verisk Estimates Industry Insured Losses from Hurricane Idalia Will Range from USD 2.5 Billion to USD 4 Billion

Verisk (VRSK) benefits from a strong acquisition strategy, while having a robust liquidity position. However, being confined to one segment may hurt revenues.

Verisk (VRSK) Benefits From Shareholder-Friendly Policies

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Digitization of insurance has led to rising consumer expectations for a simpler and faster claims experience Digitization of insurance has led to rising consumer expectations for a simpler and faster claims experience

Verisk Modernizes System to Combat Insurance Fraud in Israel

WATERLOO, Ontario & JERSEY CITY, N.J.--(BUSINESS WIRE)--Planitar Inc., the creators of iGUIDE, and Verisk announce a strategic integration aimed at accelerating the insurance industry's claims process.

Planitar Inc. and Verisk Join Forces to Revolutionize Insurance Adjusters' Workflow with iGUIDE Instant Sketch

AXA selects Verisk's Health Risk Rating Tool and Ratings Engine to assess substandard risks posed by pre-existing medical conditions AXA selects Verisk's Health Risk Rating Tool and Ratings Engine to assess substandard risks posed by pre-existing medical conditions

Verisk Enters Egypt Health Insurance Market Through AXA Deal

Verisk Analytics is a market-leading company underpinned by a strong moat. The company's recent shift to only focus on insurance will strengthen its data set, which in turn will help them provide customers with superior products. I believe the company has very little risk considering the high retention rates (+95%) and 81% of revenue comes from subscription/long-term contracts.

News for Verisk Analytics Stock (VRSK)