The company completed the acquisition of Rocket Enterprise Solutions, enhancing its claims solutions in Europe. This acquisition strategy expands Verisk's capabilities and geographic reach.

The sale of Atmospheric and Environmental Research (AER) for $7.1 million resulted in a $12.1 million loss. While streamlining operations, this impacts year-over-year revenue comparisons.

The company closed its Somerset, New Jersey data center in 2024, continuing its migration to cloud computing. This shift aims to improve efficiency and reduce operational costs.

Verisk's employee engagement score remains high, indicating a positive workplace culture. This is supported by continued recognition as a great place to work.

Participation in leadership development programs has increased, indicating a focus on employee growth. This includes a 185% increase in participation for the 'Accelerate Your Leadership' program.

Career Framework education sessions were attended by 3,306 colleagues, providing them insights into how to navigate their careers at Verisk. This demonstrates management's commitment to employee development.

The company acknowledges that some markets are highly competitive and are expected to remain so. This competition is based on quality, customer service, product selection, and pricing.

The company depends on data from external sources, and the loss of access to this data could prevent them from providing solutions. Agreements with data suppliers are short-term and suppliers could be competitors.

The company acknowledges that security breaches in facilities, computer networks, and data repositories may cause harm to the business and reputation. The company's systems are regularly subject to cyber-attacks.

The company maintains a leading position in the U.S. P&C insurance industry, serving the top 100 P&C insurance providers. This demonstrates a strong market presence and established relationships.

The company continues to expand its footprint in international markets, including acquisitions and serving clients in various countries. This demonstrates a growing global presence.

The company faces competition from insurers that develop internal technology and actuarial methods. This highlights the need for continuous innovation and differentiation.

The company closed its Somerset, New Jersey facility in 2024 as it migrates applications to the public cloud. This is expected to improve operating efficiency.

Personnel expenses represent a significant portion of operating expenses. The company aims to grow personnel expenses at a lower rate than revenues through economies of scale.

The Reimagine program is designed to deliver increased value to customers and reduce operating complexity. This includes enhancements to existing solutions and new digital workflow tools.

The company emphasizes that its information technology systems and cloud computing are fundamental to its success. They are used for the storage, processing, access, and delivery of data.

The company supports and implements a mix of technologies and focuses on implementing the most efficient technology for any given business requirement or task.

The company acknowledges that its own use of AI, including but not limited to generative AI, to enhance its products could lead to unanticipated consequences such as ethical, compliance, privacy-observing, bias-reducing, and/or intellectual property issues.

The company has a publicly announced share repurchase plan and repurchased shares during the year. As of December 31, 2024, $591.5 million remained available to repurchase shares.

The Board approved cash dividends of $0.39 per share on multiple occasions, resulting in total cash dividends of $221.3 million. This demonstrates a commitment to returning capital to shareholders.

Capital expenditures were primarily related to internal-use software. This indicates a focus on improving internal systems and capabilities.

The Risk Committee of the Board was established in February 2024 to oversee risk assessment and risk management of the Company in coordination with other relevant Board Committees as appropriate, including but not limited to the policies, procedures and strategic approach to cyber, technology and information security risks.

Over 1,000 Verisk employees across 23 locations and 7 countries registered volunteer hours during Verisk Volunteer Week. Efforts included a Rise Against Hunger event with over 85,000 meals packed, donation drives, and local community cleanup activities.

The health and safety of our people working around the globe is a top priority, and our facilities worldwide follow rigorous, internally and externally audited, occupational health and safety policies. We also recognize that protecting the health, safety and wellbeing of our employees is crucial.

Direct premium growth accelerated to 9.5% in 2021, 9.7% in 2022, and further increased to 10.4% in 2023, indicating a continued recovery from the pandemic. Based on the most recent results available, written premiums continued to grow in 2024 at a comparable level.

With inflation remaining above pre-pandemic levels throughout 2024 and the CPI consistently exceeding the 2% target, reaching 2.9% in December, the Federal Reserve took timely action to adjust its monetary policy and reduce interest rates.

The trend of high catastrophe losses for insurers that began in 2020 continued through 2024. Insurance losses in these five latest years were more than 1.75 times the losses in the prior five years (2015-2019).