Verisk Analytics, Inc. (OQ:VRSK)
Business Focus: Technology Consulting & Outsourcing Services
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 545 Washington Blvd JERSEY CITY NJ 07310-1607 |
| Tel: | N/A |
| Website: | https://www.verisk.com |
| IR: | See website |
| Key People | ||
| Lee M. Shavel President, Chief Executive Officer, Director | Elizabeth Mann Executive Vice President, Chief Financial Officer | Carrie Barr President - Casualty Solutions |
| Aaron Brunko President - Property Estimating Solutions | Sunita Holzer Chief Human Resource Officer | Nick Daffan Executive Vice President, Chief Information Officer | Kathy Card Beckles Executive Vice President, Chief Legal Officer |
| Business Overview |
| Verisk Analytics, Inc. is a data, analytics, and technology provider serving clients in the insurance ecosystem. The Company offers predictive analytics and decision support solutions to clients in rating, underwriting, claims, catastrophe, weather risk, and many other fields. Its Insurance segment primarily serves its property and casualty insurance customers across personal and commercial lines of business, focusing on insurance programs, the prediction of loss, the selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate. It also develops and utilize machine learned and artificially intelligent models to forecast scenarios and produce both standard and customized analytics that help its customers better manage their businesses, including detecting fraud before and after a loss event and quantifying losses. It also helps businesses and governments anticipate and manage climate and weather-related risks. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Verisk Analytics, Inc. revenues increased 7% to $2.68B. Net income before extraordinary items decreased 26% to $768.6M. Revenues reflect Insurance segment increase of 10% to $2.68B, United States (Country) segment increase of 6% to $2.24B, Other Countries segment increase of 22% to $253M. Net income was offset by Depreciation and amortization of fixed increase of 27% to $192.4M (expense). |
| Employees: | 7,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $34,288M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,681M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,416M as of Dec 31, 2023 |
| Net annual income (TTM): | $768.60M as of Dec 31, 2023 |
| Free cash flow (TTM): | $633.90M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,564M as of Dec 31, 2023 |
| Shares outstanding: | 142,741,754 as of Mar 18, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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