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 to $704.0 million, up from $651.6 million in the same quarter last year, with underwriting revenues growing by 8.2% and claims revenues by 7.6%. This growth indicates a healthy demand for Verisk's services across its core segments.
Net income attributable to Verisk was $219.6 million, compared to $56.3 million in the same quarter last year. This substantial increase is due to higher revenues and a decrease in the effective tax rate.
EBITDA was $380.0 million, resulting in an EBITDA margin of 54.0%, slightly down from 54.5% in the same quarter last year. This indicates that while profit remains strong, there is a slight decrease in profitability relative to revenue.