earnings
confidence high
sentiment positive
materiality 0.65
Verisk Q2 revenue down 0.2% but OCC up 5.3%; diluted EPS $1.24, up 31.9%
Verisk Analytics, Inc.
2022-Q2 EPS reported
$4.39
revenue$1,521,800,000
- Consolidated revenue $746.3M (-0.2%); OCC growth +5.3%, or +5.9% excluding Russian suspension impact.
- Net income $197.7M (+28.4%); adjusted EBITDA $380.8M (+2.7%); diluted adjusted EPS $1.53 (+30.8%).
- Insurance segment OCC revenue +6.4%; Underwriting & rating +7.1% OCC; Claims +4.7% OCC.
- Quarterly dividend maintained at $0.31/share; next payable Sep 30, 2022, record Sep 15, 2022.
- Repurchased $325M of shares in Q2 (1.6M shares at avg $208.18); $707.5M remaining under authorization.