Verisk Q2 revenue up 10.1% to $675M; raises FY2023 guidance

Verisk Analytics, Inc.

2023-Q2 EPS reported $1.70 revenue$1,326,600,000

Revenue $675M (+10.1%), adjusted EBITDA $365.2M (+13.5%), diluted adjusted EPS $1.51 (+18.9%).
Insurance segment revenue +10.6% (OCC +9.8%); underwriting +9.2%, claims +14.4%.
2023 guidance raised: revenue $2.63-2.66B, adj EBITDA $1.39-1.43B, adj EPS $5.50-5.70.
Net cash from ops $192.9M (+48.2%), free cash flow $134.7M (+120.8%); dividend $0.34/share.
$2.5B ASR program ongoing; $941.3M remaining under share repurchase authorization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Verisk Analytics, Inc. reported the quarter ended June 30, 2023 results: revenue $675.0 million, net income $204.3 million, EPS $1.35. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $675.0 million
Net income: $204.3 million
EPS: $1.35
Guidance: raised
Result: reported results

Exact text from the filing

EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_521059.htm EXHIBIT 99.1 ex_521059.htm Exhibit 99.1 Verisk Reports Second -Quarter 2023 Financial Results • Consolidated revenu es were $675.0 million, up 10.1% , and up 9.8% on an organic constant currency (OCC) basis for the second quarter of 2023 reflecting strong growth in underwriting and claims. • Income from continuing

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Source: SEC EDGAR

accession 0001437749-23-021528

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