Industrials
Consulting Services
$38.91B
7.5K
Key insights and themes extracted from this filing
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.