Verisk Analytics (VRSK) Stock Drops 3.9%

Verisk Analytics, Inc. is a data analytics provider serving clients in the insurance markets, offering predictive analytics and decision support solutions for rating, underwriting, claims, catastrophe and weather risk, and global risk analytics. The company's revenue growth is a key performance metric, and it uses year-over-year EBITDA growth to measure its ability to balance revenue growth with cost management and investing for future growth.

In 2023, Verisk Analytics, Inc. reported that approximately 80% of its revenues in the Insurance segment were derived from hosted subscriptions for its solutions, while approximately 20% were derived from providing transactional and advisory/consulting solutions. Personnel expenses represented about 57% of the company's total operating expenses, including salaries, benefits, incentive compensation, and sales commissions.

The company also highlighted trends affecting its business, such as changes in P&C insurers' profitability, catastrophic losses incurred by insurers, and the impact of rising inflation on carriers' pricing strategies. Verisk Analytics, Inc. noted that trends in catastrophe and non-catastrophe losses, as well as changes in the reinsurance and related brokerage industry, could affect the demand for its products.

Furthermore, the company described its acquisitions, including the acquisition of Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider, and Mavera Holding AB, both of which are aimed at expanding its claims and casualty offerings across Europe.

Overall, Verisk Analytics, Inc. continues to focus on providing innovative data analytics solutions to help its clients make better decisions about risk and opportunities, with a strong emphasis on revenue growth and cost management. Today the company's shares have moved -3.9% to a price of $238.92. For more information, read the company's full 10-K submission here.

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