Sector: Industrials|Industry: Consulting Services|Market Cap: $38.91B|Employees: 7.5K
Verisk is a leading data, analytics, and technology provider serving clients in the insurance ecosystem. They use advanced technologies to collect and analyze billions of records, drawing on unique data assets, insurance industry knowledge, and technological expertise to provide valuable solutions integrated into client workflows. Verisk offers predictive analytics and decision support solutions to clients in rating, underwriting, claims, catastrophe, weather risk, and many other fields in the U.S. and around the world.
Total revenues increased by 7.4% year-over-year, reaching $2,681.4 million, with the Insurance segment showing a 10% increase. This growth was partially offset by the sale of the Energy and Financial Services segments.
EBITDA margin decreased from 65.7% to 53.1%, primarily due to the net gain from dispositions in the prior year and a litigation reserve expense in the current year.
Net income margin decreased from 38.2% to 22.9% primarily due to the net gain from dispositions in the prior year, as well as the current year litigation reserve expense.