Verisk is a leading data analytics and technology provider primarily serving the insurance industry, offering solutions that include predictive analytics and decision support for rating, underwriting, claims, catastrophe, and weather risk, among other fields . These solutions are integrated into client workflows to help them make better decisions about risk and improve operating efficiency . Verisk's business is structured around providing statistical, actuarial, and underwriting data, with a focus on the U.S. property and casualty (P&C) insurance industry, and also offers solutions for fraud detection, catastrophe modeling, and loss quantification . The company's revenue model is predominantly subscription-based, accounting for approximately 80% of its revenues, with the remaining 20% being transactional .
- Underwriting Solutions - Provides forms, rules, and loss costs to help insurers define coverages, issue policies, and ensure compliance with regulatory requirements across various lines of insurance .
- Predictive Analytics and Decision Support - Offers tools for rating, underwriting, claims, catastrophe, and weather risk to enhance decision-making and operational efficiency .
- Property Estimating Solutions - Delivers comprehensive tools for property assessment and valuation, aiding in accurate and efficient property claims processing .
- Extreme Events Modeling - Specializes in catastrophe modeling and loss quantification to help clients assess and manage risks associated with extreme events .
- Fraud Detection Solutions - Provides advanced analytics to identify and mitigate fraudulent activities within the insurance sector .
- International and New Market Solutions - Expands capabilities into international markets and new areas such as life insurance and annuities .
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Elizabeth D. Mann Executive | Executive Vice President and CFO | President of the Board of Trustees of the Winston Churchill Scholarship Foundation of the United States | Elizabeth D. Mann has been the CFO since September 2022, focusing on financial strategy and capital management. She previously held roles at S&P Global and Goldman Sachs. | |
Kathy Card Beckles Executive | Executive Vice President and Chief Legal Officer | Board Member of Nasdaq’s U.S. exchange subsidiaries | Kathy Card Beckles has been the CLO since April 2021, leading legal, governance, compliance, and audit functions. She previously held roles at JPMorgan Chase. | |
Lee M. Shavel Executive | Chief Executive Officer and President | Board Member at FactSet Research Systems, Inc. (NYSE: FDS) | Lee M. Shavel joined Verisk in November 2017 as CFO, became CEO in May 2022, and President in January 2023. He has played a significant role in shaping Verisk's financial strategy and operations. | View Report → |
Nick Daffan Executive | Executive Vice President and CIO | None | Nick Daffan has been with Verisk since 2000, serving as CIO since July 2015 and EVP since December 2018. He oversees technology strategy and operations. | |
Sunita Holzer Executive | Chief Human Relations Officer | Board Member and Chair of the Compensation Committee for South Jersey Industries (NYSE: SJI) | Sunita Holzer has been CHRO since August 2021, with extensive HR leadership experience across various industries. | |
Bruce Hansen Board | Independent Board Chair | Director at LivePerson, Inc. (NASDAQ: LPSN) and Mitek Systems, Inc. (NASDAQ: MITK) | Bruce Hansen has been a director since 2015 and Independent Board Chair since May 2022. He has extensive experience in big data, AI/analytics, and fintech. | |
Gregory Hendrick Board | Independent Director | CEO of Vantage Group, Board of Governors at St. John’s University | Gregory Hendrick has been a director since April 2024, with a distinguished career in the insurance and reinsurance industry. | |
Jeffrey Dailey Board | Director | Board Member of The Institutes and Advisory Board Member at Team Rubicon | Jeffrey Dailey has been a director since 2022, with extensive experience in the insurance industry. | |
Kathleen A. Hogenson Board | Independent Director | Director at First Quantum Minerals Ltd. (XTSE: FM) and Tamarack Valley Energy (XTSE: TVE) | Kathleen A. Hogenson has been a director since 2016, with over 30 years of experience in the energy sector. | |
Kimberly S. Stevenson Board | Director | Director at Mitek Systems (NASDAQ: MITK) and Board Member at Ambiq Micro | Kimberly S. Stevenson has been a director since May 2022, with deep expertise in technology and digital innovation. | |
Olumide Soroye Board | Independent Director | President and CEO of Intelligent Operating Solutions at Fortive Corporation | Olumide Soroye has been a director since August 2022, with a strong background in technology and data-driven solutions. | |
Samuel G. Liss Board | Independent Director | Principal of WhiteGate Partners LLC, Director at Argo Group International Holdings, Ltd. (NYSE: ARGO) | Samuel G. Liss has been a director since 2009, with extensive management and operational experience in the insurance business. | |
Therese M. Vaughan Board | Director | Director at West Bancorporation (NASDAQ: WTBA) and American International Group (AIG) | Therese M. Vaughan has been a director since 2013, with extensive knowledge of the insurance industry. | |
Vincent K. Brooks Board | Director | Director at Jacobs Solutions Inc. (NYSE: J) and Diamondback Energy (NASDAQ: FANG) | Vincent K. Brooks has been a director since 2020, bringing leadership and risk management experience. | |
Wendy Lane Board | Independent Director | Director at Envestnet (NYSE: ENV) | Wendy Lane has been a director since 2022, with over 30 years of board experience and 15 years in investment banking. |
- Given the decline in transactional revenues this quarter and the ongoing transition from transactional to subscription models, can you provide more clarity on how this shift is impacting overall revenue growth and what measures you're taking to mitigate any negative effects on future quarters?
- With indications that insurance pricing may peak in 2025 and considering that 20-25% of your revenue comes from contracts tied to net written premiums with a two-year lag, how do you plan to sustain revenue growth if the market enters a softer cycle?
- You mentioned being at the bottom of your target leverage range and actively pursuing M&A opportunities; can you elaborate on specific areas or businesses you're targeting for acquisitions, especially in niches like life insurance where you've seen double-digit growth, and how you assess integration risks?
- While you highlighted an 8% growth on a two-year stack exceeding historical rates, can you break down the specific contributions from pricing increases versus organic demand, and discuss the sustainability of this growth amid competitive pressures and potential market saturation in your core lines?
- With significant investments in new products like the Experience Index and the Core Lines Reimagine initiative, how are you measuring the return on these investments, and what confidence can you provide that these innovations will drive meaningful revenue growth given evolving client needs and technological advancements in the industry?
Research analysts who have asked questions during Verisk Analytics earnings calls.
Alex Kramm
UBS Group AG
6 questions for VRSK
Andrew Steinerman
JPMorgan Chase & Co.
6 questions for VRSK
Ashish Sabadra
RBC Capital Markets
6 questions for VRSK
Faiza Alwy
Deutsche Bank
6 questions for VRSK
Jason Haas
Wells Fargo
6 questions for VRSK
Manav Patnaik
Barclays
6 questions for VRSK
Russell Quelch
Redburn Atlantic
6 questions for VRSK
Toni Kaplan
Morgan Stanley
6 questions for VRSK
David Motemaden
Evercore ISI
5 questions for VRSK
Andrew Nicholas
William Blair & Company
4 questions for VRSK
George Tong
Goldman Sachs
4 questions for VRSK
Jeffrey Meuler
Robert W. Baird & Co. Incorporated
4 questions for VRSK
Kelsey Zhu
Autonomous Research
4 questions for VRSK
Jeffrey Silber
BMO Capital Markets
3 questions for VRSK
Gregory Peters
Raymond James
2 questions for VRSK
Jeff Silber
BMO Capital Markets
2 questions for VRSK
Keen Fai Tong
Goldman Sachs Group Inc.
2 questions for VRSK
Scott Wurtzel
Wolfe Research
2 questions for VRSK
Surinder Thind
Jefferies Financial Group
2 questions for VRSK
C. Gregory Peters
Raymond James
1 question for VRSK
Charles Peters
Raymond James
1 question for VRSK
Kelsy Zuid
Autonomous Research
1 question for VRSK
Peter [Last Name Inaudible]
Evercore ISI
1 question for VRSK
| Customer | Relationship | Segment | Details |
|---|---|---|---|
American International Group (AIG) | Data and analytics solutions | All | Contributes approximately 1% of consolidated revenue in 2024 |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Rocket Enterprise Solutions GmbH | 2024 | Acquired on January 8, 2024, for a net cash purchase price of $10.1 million (including $2.2 million deferred and $0.3 million holdback); the deal was aimed at enhancing Verisk’s property claims and underwriting technology in Germany and Austria and was integrated into its claims category with minimal impact on overall operations. |
Krug Sachverständigen GmbH | 2023 | Completed on April 20, 2023 with a net cash purchase price of approximately $43.3 million (including $3.8 million in indemnity escrows); the acquisition expanded Verisk’s motor claims solutions in Germany, adding key cash, receivables and significant goodwill to its European claims and casualty offerings. |
Mavera Holding AB | 2023 | Finalized on February 1, 2023 for $28.3 million (with $4.2 million in indemnity escrows); this acquisition of a Sweden-based InsurTech firm was aimed at expanding Verisk’s tech and analytics capabilities in personal injury claims management across Europe, although it was immaterial to the quarterly earnings disclosures. |
Whitespace Software Limited | 2022 | In 2022, Verisk acquired an additional 16% stake for $8.2 million, bringing its total to 67%, with plans to acquire the remaining 33% in equal proportions over the next two years based on a fixed revenue multiple and free cash flow adjustments; the investment strengthens strategic ownership in the software provider. |
Opta Information Intelligence Corp. | 2022 | Acquired on March 1, 2022 for a net cash purchase price of $217.5 million (including $0.8 million in indemnity escrows); the acquisition bolstered Verisk’s Canadian market presence by integrating property intelligence and technology solutions into its underwriting & rating category, with significant allocations to intangible assets and goodwill. |
Infutor Data Solutions, LLC | 2022 | Completed on February 11, 2022 with a net cash purchase price of $220.7 million (excluding working capital adjustments and including a contingent earn‐out of up to $25.0 million); this deal enhanced Verisk’s identity resolution and consumer intelligence capabilities for its underwriting & rating category, with detailed allocations for intangibles, goodwill, and other assets. |
Recent press releases and 8-K filings for VRSK.
- The Extreme Event Solutions group at Verisk forecasts industry insured losses of USD 2.2 billion to USD 4.2 billion to onshore property in Jamaica from Hurricane Melissa.
- Melissa made landfall as a Category 5 hurricane with 185 mph maximum sustained winds and a minimum central pressure of 892 mb near New Hope, Jamaica on October 28.
- Residential building inventory in Jamaica is ~70% masonry and ~30% wood framed with informal construction practices; significant damage occurred where winds exceeded local design codes (130 mph in Black River, 125 mph in Montego Bay).
- Insurance take-up rates are under 20% for residential properties, with many underinsured and a significant portion of commercial and auto lines uninsured; Verisk’s estimates exclude uninsured properties, storm surge, infrastructure, and other categories.
- Consolidated GAAP revenue in Q3 was $768 million (+5.9% YoY); net income $226 million (+2.5%) and EPS $1.61 (+5%).
- On an OCC basis, revenues grew 5.5%, driven by subscription growth of 8.7% (84% of revenues), while transactional revenues declined 8.8% due to low weather activity.
- OCC adjusted EBITDA increased 8.8%, expanding margins to 55.8%, and free cash flow rose 40% to $336 million aided by improved collections and tax benefits.
- FTC issued a second request delaying the AccuLynx acquisition; Verisk removed any deal benefits from its 2025 guidance.
- Revised 2025 guidance forecasts revenue of $3.05–3.08 billion, adjusted EBITDA of $1.69–1.72 billion, and adjusted EPS of $6.80–7.00.
- GAAP revenue was $768 million (+5.9% YoY) and net income was $226 million (+2.5%), driving diluted EPS of $1.61 (+5%) in Q3 2025.
- Organic constant-currency revenue grew 5.5%, led by subscription revenue up 8.7%, while OCC adjusted EBITDA rose 8.8% with margins expanding to 55.8%.
- Transactional revenue declined 8.8% due to exceptionally low weather activity (~1% drag on OCC revenue); NOAA-tracked events were down 18% YoY and 31% below the five-year average.
- Updated 2025 guidance excludes AccuLynx benefits, now forecasting revenue of $3.05–3.08 billion, adjusted EBITDA of $1.69–1.72 billion, margins of 55–55.8%, and adj EPS of $6.80–7.00.
- Verisk reported 3Q25 revenue of $768 M, up 5.9% YoY (OCC +5.5%), and adjusted EBITDA of $429 M, up 7.2% YoY (OCC +8.8%).
- Achieved diluted adjusted EPS of $1.72, up 3.0% YoY, and generated $336 M of free cash flow (39.6% YoY), with YTD FCF of $916 M.
- Returned $163 M to shareholders in 3Q25, including $100 M share repurchases and $63 M dividends ($0.45/share).
- Reaffirmed 2025 guidance: revenue of $3.05–3.08 B, adjusted EBITDA of $1.69–1.72 B, and diluted adj. EPS of $6.80–7.00.
- Verisk delivered Q3 revenue of $768 million, up 5.9%, with net income of $226 million and diluted EPS of $1.61, a 5% increase versus prior year.
- On an organic constant currency basis, revenues rose 5.5%, driven by 8.7% subscription growth (84% of total revenue), while adjusted EBITDA grew 8.8% and expanded to a 55.8% margin.
- Issued $1.5 billion of senior notes to fund the AccuLynx acquisition; Q3 net interest expense was $42 million. Returned capital via a 15% dividend increase to $0.45 per share and $100 million of share repurchases.
- Updated 2025 guidance (ex-AccuLynx contribution): revenue of $3.05–3.08 billion, adjusted EBITDA of $1.69–1.72 billion, margin of 55–55.8%, and adjusted EPS of $6.80–7.00.
- Verisk reports Q3 revenue of $768 million, up 5.9% (organic constant currency growth 5.5%) year-over-year.
- Net income of $226 million, up 2.5%, and adjusted EBITDA of $429 million, up 7.2% (8.8% OCC).
- Diluted GAAP EPS of $1.61, up 4.5%, and diluted adjusted EPS of $1.72, up 3.0%.
- Net cash from operations of $403.5 million, up 36.2%, and free cash flow of $336.1 million, up 39.6%.
- The proposed AccuLynx acquisition is under FTC review after a Second Request.
- Verisk will integrate its GenAI-powered analytics with Jopari’s medical claims delivery network of 2.9 million healthcare participants to enhance claim review workflows.
- The partnership delivers pre-validated structured data at intake and actionable analytics at adjudication to speed up decisions and flag high-risk claims earlier.
- Verisk’s AI-driven medical record review can cut processing times by up to 90% versus manual processes, reducing delays and errors.
- Additional details will be shared at the National Workers’ Compensation and Disability Conference in Nashville on Nov. 11–12, 2025.
- On August 15, 2025, Verisk entered into a Term Credit Agreement providing a $750 million three-year senior unsecured delayed-draw term loan to finance the acquisition of ExactLogix (AccuLynx) and related fees (Term Facility).
- The Company’s Third Amended and Restated Credit Agreement established a $1.25 billion, five-year senior unsecured Revolving Credit Facility maturing August 15, 2030, replacing its prior revolving line for working capital, acquisitions and general corporate purposes.
- On August 7, 2025, Verisk and underwriters agreed on an Underwriting Agreement to issue $750 million 4.500% Senior Notes due 2030 and $750 million 5.125% Senior Notes due 2036, with net proceeds to fund the AccuLynx acquisition and pay related expenses.
- On August 21, 2025, Verisk and Computershare Trust Company executed a Sixth Supplemental Indenture to the Base Indenture, authorizing the issuance of the $1.5 billion aggregate principal amount of senior notes.
- Verisk Analytics has priced an offering of $750 million of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036, with closing expected on August 21, 2025.
- The net proceeds, together with borrowings under a three-year delayed draw term loan and cash on hand, will finance the approximately $2.35 billion purchase price for its acquisition of AccuLynx.
- The sale of the Notes is not conditioned on the consummation of the AccuLynx acquisition, which will close subsequent to the note sale.
- Goldman Sachs, BofA Securities and Wells Fargo Securities are acting as joint book-running managers for the offering.
- Verisk (Nasdaq: VRSK) signed a definitive agreement to acquire AccuLynx for $2.35 billion in cash to enhance its insurance claims and restoration network capabilities.
- The acquisition is expected to be additive to Verisk’s revenue growth and adjusted EBITDA margin, and accretive to adjusted EPS by year-end 2026.
- AccuLynx’s leading SaaS platform for residential property contractors complements Verisk’s Property Estimating Solutions, offering end-to-end workflow management and rich roofing datasets.
- The transaction, financed through fully committed debt and cash on hand, is expected to close by the end of Q3 2025, pending customary closing conditions and regulatory approvals.