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.
Insurance segment revenue reached $716.8 million, a 6.2% increase YoY, with underwriting revenue up 6.2% and claims revenue up 6.3%. This indicates balanced growth across the company's core offerings.
Net income margin increased to 42.9% from 29.2% YoY, driven by a $106 million increase in investment gains related to settlement of retained interests, indicating a significant impact from non-core operations.
EBITDA margin increased to 69.7% from 54.1% YoY, reflecting strong operational performance and cost management. This indicates the company's ability to scale its business effectively.