Verisk Q3 revenue up 11.1% to $677.6M; diluted adjusted EPS $1.52 (+26.7%)

Verisk Analytics, Inc.

2023-Q3 EPS reported $2.98 revenue$2,004,200,000

Revenue $677.6M (+11.1% reported, +9.4% OCC); Underwriting +8.9%, Claims +16.4% drove Insurance segment growth.
Diluted GAAP EPS $1.29 (+22.9%); adjusted EBITDA $366.0M (+12.5%); diluted adjusted EPS $1.52 (+26.7%).
Recorded $19.2M litigation reserve expense related to indemnification for former Financial Services segment sold in April 2022.
FY 2023 guidance unchanged: revenue $2.63-$2.66B, adjusted EBITDA $1.39-$1.43B, adjusted EPS $5.50-$5.70.
Declared $0.34/share dividend payable Dec 29, 2023; repurchased $49.8M in Q3 at avg $239.20/share.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Verisk Analytics, Inc. reported the quarter ended September 30, 2023 results: revenue $677.6 million, net income $187.4 million, EPS $1.29.

Period: the quarter ended September 30, 2023
Revenue: $677.6 million
Net income: $187.4 million
EPS: $1.29
Result: reported results

Exact text from the filing

EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_559192.htm EXHIBIT 99.1 ex_559192.htm Exhibit 99.1 Verisk Reports Third -Quarter 2023 Financial Results • Consolidated revenu es were $677.6 million, up 11.1% , and up 9.4% on an organic constant currency (OCC) basis for the third quarter of 2023 reflecting strong growth in underwriting and claims. • Income from continuing

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Source: SEC EDGAR

accession 0001437749-23-029652

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