Verisk Analytics (VRSK)
Market Price (8/5/2026): $192.78 | Market Cap: $25.2 BilInvestor Relations Sector: Industrials | Industry: Research & Consulting Services
Verisk Analytics (VRSK)
Market Price (8/5/2026): $192.78Market Cap: $25.2 BilSector: IndustrialsIndustry: Research & Consulting Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 44% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% Stock buyback supportStock Buyback 3Y Total is 3.8 Bil Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include AI in Financial Services, Cloud Computing, and Sustainable Finance. Themes include AI for Fraud Detection, Show more. | Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -84% | Expensive valuation multiplesP/SPrice/Sales ratio is 8.0x Key risksVRSK key risks include [1] intense competition requiring continuous technological innovation to maintain market leadership and [2] a significant dependence on the cyclical economic health of the insurance industry. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 44% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39% |
| Stock buyback supportStock Buyback 3Y Total is 3.8 Bil |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include AI in Financial Services, Cloud Computing, and Sustainable Finance. Themes include AI for Fraud Detection, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -74%, 3Y Excs Rtn is -84% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 8.0x |
| Key risksVRSK key risks include [1] intense competition requiring continuous technological innovation to maintain market leadership and [2] a significant dependence on the cyclical economic health of the insurance industry. |
Qualitative Assessment
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Verisk Analytics (VRSK) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Verisk Analytics delivered a strong performance in fiscal Q2 2026 (ended June 30, 2026), surpassing analyst expectations for both earnings and revenue. The company reported an adjusted EPS of $1.98, exceeding the consensus estimate of $1.93 by $0.05. Additionally, quarterly revenue grew 4.3% year-over-year to $806.3 million, topping analysts' forecasts of $804.02 million. This positive earnings surprise, announced on July 29, 2026, led to a 6.27% surge in the stock price following the announcement. Furthermore, Verisk reaffirmed its full-year fiscal 2026 guidance, projecting adjusted EPS between $7.45 and $7.75, which aligns with the analyst consensus of $7.66, and revenue of approximately $3.2 billion, reinforcing investor confidence in the company's outlook.
2. The company aggressively returned capital to shareholders through significant share repurchase programs during the first half of fiscal 2026. Verisk executed a $200 million accelerated share repurchase (ASR) program in May, which was incremental to a $1.5 billion ASR completed in fiscal Q1 2026. These programs concluded in July 2026, resulting in the retirement of approximately 8.5 million shares during the first six months of fiscal 2026. This demonstrates a strong commitment to enhancing shareholder value and managing its capital effectively.
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Verisk Analytics (VRSK) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Verisk Analytics delivered a strong performance in fiscal Q2 2026 (ended June 30, 2026), surpassing analyst expectations for both earnings and revenue. The company reported an adjusted EPS of $1.98, exceeding the consensus estimate of $1.93 by $0.05. Additionally, quarterly revenue grew 4.3% year-over-year to $806.3 million, topping analysts' forecasts of $804.02 million. This positive earnings surprise, announced on July 29, 2026, led to a 6.27% surge in the stock price following the announcement. Furthermore, Verisk reaffirmed its full-year fiscal 2026 guidance, projecting adjusted EPS between $7.45 and $7.75, which aligns with the analyst consensus of $7.66, and revenue of approximately $3.2 billion, reinforcing investor confidence in the company's outlook.
2. The company aggressively returned capital to shareholders through significant share repurchase programs during the first half of fiscal 2026. Verisk executed a $200 million accelerated share repurchase (ASR) program in May, which was incremental to a $1.5 billion ASR completed in fiscal Q1 2026. These programs concluded in July 2026, resulting in the retirement of approximately 8.5 million shares during the first six months of fiscal 2026. This demonstrates a strong commitment to enhancing shareholder value and managing its capital effectively.
3. Strategic acquisitions and continued investments in advanced technologies, including AI, bolstered Verisk's competitive position. On July 29, 2026, Verisk acquired McKenzie Intelligence Services, a UK-based catastrophe analysis firm. This acquisition is aimed at enhancing Verisk's capabilities in catastrophic event preparation and response, which is a key growth area within the insurance industry. The company highlighted its ongoing investment in proprietary datasets and the deployment of advanced AI technologies to deliver innovative insights, further solidifying its role as a critical data analytics partner to the global insurance industry.
4. Positive revisions in analyst price targets contributed to the upward trend. Several analysts updated their outlook on Verisk Analytics' stock during the specified period. For example, Wells Fargo raised its price target to $260 from $240 and maintained an "overweight" rating on July 30, 2026, suggesting an approximate 30% upside from its previous close. Similarly, JPMorgan Chase & Co. increased its target price from $220.00 to $230.00 and maintained an "overweight" rating on April 30, 2026. These positive adjustments by major financial institutions signaled confidence in Verisk's future performance and valuation.
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Stock Movement Drivers
Fundamental Drivers
The 4.8% change in VRSK stock from 4/30/2026 to 8/4/2026 was primarily driven by a 4.3% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8042026 | Change |
|---|---|---|---|
| Stock Price ($) | 183.99 | 192.80 | 4.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,102 | 3,136 | 1.1% |
| Net Income Margin (%) | 29.3% | 28.2% | -3.8% |
| P/E Multiple | 27.3 | 28.5 | 4.3% |
| Shares Outstanding (Mil) | 135 | 131 | 3.3% |
| Cumulative Contribution | 4.8% |
Market Drivers
4/30/2026 to 8/4/2026| Return | Correlation | |
|---|---|---|
| VRSK | 4.8% | |
| Market (SPY) | 7.3% | -40.4% |
| Sector (XLI) | 6.8% | -34.2% |
Fundamental Drivers
The -10.9% change in VRSK stock from 1/31/2026 to 8/4/2026 was primarily driven by a -13.1% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8042026 | Change |
|---|---|---|---|
| Stock Price ($) | 216.32 | 192.80 | -10.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,030 | 3,136 | 3.5% |
| Net Income Margin (%) | 30.4% | 28.2% | -7.2% |
| P/E Multiple | 32.8 | 28.5 | -13.1% |
| Shares Outstanding (Mil) | 140 | 131 | 6.7% |
| Cumulative Contribution | -10.9% |
Market Drivers
1/31/2026 to 8/4/2026| Return | Correlation | |
|---|---|---|
| VRSK | -10.9% | |
| Market (SPY) | 11.8% | -17.5% |
| Sector (XLI) | 13.0% | -25.2% |
Fundamental Drivers
The -30.2% change in VRSK stock from 7/31/2025 to 8/4/2026 was primarily driven by a -32.5% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8042026 | Change |
|---|---|---|---|
| Stock Price ($) | 276.20 | 192.80 | -30.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,986 | 3,136 | 5.0% |
| Net Income Margin (%) | 30.7% | 28.2% | -7.9% |
| P/E Multiple | 42.2 | 28.5 | -32.5% |
| Shares Outstanding (Mil) | 140 | 131 | 6.9% |
| Cumulative Contribution | -30.2% |
Market Drivers
7/31/2025 to 8/4/2026| Return | Correlation | |
|---|---|---|
| VRSK | -30.2% | |
| Market (SPY) | 23.1% | -14.4% |
| Sector (XLI) | 23.9% | -18.5% |
Fundamental Drivers
The -14.0% change in VRSK stock from 7/31/2023 to 8/4/2026 was primarily driven by a -57.9% change in the company's P/E Multiple.| (LTM values as of) | 7312023 | 8042026 | Change |
|---|---|---|---|
| Stock Price ($) | 224.24 | 192.80 | -14.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,505 | 3,136 | 25.2% |
| Net Income Margin (%) | 20.1% | 28.2% | 40.1% |
| P/E Multiple | 67.5 | 28.5 | -57.9% |
| Shares Outstanding (Mil) | 152 | 131 | 16.3% |
| Cumulative Contribution | -14.0% |
Market Drivers
7/31/2023 to 8/4/2026| Return | Correlation | |
|---|---|---|
| VRSK | -14.0% | |
| Market (SPY) | 74.4% | 11.1% |
| Sector (XLI) | 75.8% | 9.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VRSK Return | 11% | -22% | 36% | 16% | -18% | -13% | -3% |
| Peers Return | 29% | -29% | 42% | 23% | -1% | -13% | 36% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| VRSK Win Rate | 67% | 33% | 67% | 58% | 42% | 25% | |
| Peers Win Rate | 67% | 35% | 67% | 56% | 52% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| VRSK Max Drawdown | -22% | -31% | -11% | -13% | -35% | -30% | |
| Peers Max Drawdown | -15% | -40% | -16% | -14% | -29% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MCO, SPGI, FDS, GWRE. See VRSK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/4/2026 (YTD)
How Low Can It Go
| Event | VRSK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.4% | -24.5% |
| % Gain to Breakeven | 39.6% | 32.4% |
| Time to Breakeven | 338 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -28.5% | -33.7% |
| % Gain to Breakeven | 39.8% | 50.9% |
| Time to Breakeven | 67 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -14.8% | -19.2% |
| % Gain to Breakeven | 17.4% | 23.8% |
| Time to Breakeven | 46 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -14.0% | -12.2% |
| % Gain to Breakeven | 16.3% | 13.9% |
| Time to Breakeven | 37 days | 62 days |
In The Past
Verisk Analytics's stock fell -6.2% during the 2025 US Tariff Shock. Such a loss loss requires a 6.6% gain to breakeven.
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Asset Allocation
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| Event | VRSK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.4% | -24.5% |
| % Gain to Breakeven | 39.6% | 32.4% |
| Time to Breakeven | 338 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -28.5% | -33.7% |
| % Gain to Breakeven | 39.8% | 50.9% |
| Time to Breakeven | 67 days | 140 days |
In The Past
Verisk Analytics's stock fell -6.2% during the 2025 US Tariff Shock. Such a loss loss requires a 6.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Verisk Analytics (VRSK)
Verisk Analytics (VRSK) is a global data analytics and technology company that provides predictive analytics and decision support solutions across various industries. Essentially, Verisk transforms complex data into actionable insights, helping its clients to assess and manage risk, improve operational efficiency, and make more informed strategic decisions using advanced statistical models, machine learning, and artificial intelligence.
The company operates through three main segments. Its largest segment, Insurance, offers predictive analytics, risk assessment, fraud detection, and compliance solutions primarily to property and casualty insurers. This helps insurance companies accurately price risk, detect fraudulent claims, and comply with reporting requirements. The Energy and Specialized Markets segment provides critical data analytics, research, and consulting services for the natural resources value chain, including energy, chemicals, metals, mining, power, and renewables, assisting clients with capital allocation decisions, asset valuation, and market analysis.
Lastly, the Financial Services segment delivers benchmarking tools, decisioning algorithms, and customized analytic services to financial institutions, payment networks, and lenders. Across all its offerings, Verisk serves as a crucial partner for businesses seeking to leverage data to enhance their performance, reduce losses, and navigate complex market and regulatory landscapes effectively.
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Verisk Analytics is like an IHS Markit specialized in providing predictive analytics and risk assessment for the insurance, energy, and financial services sectors.
Imagine a Bloomberg Terminal, but designed for risk management and predictive insights across the insurance, energy, and financial industries.
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- Insurance Analytics: Provides predictive analytics and decision support solutions for property and casualty customers, including fraud detection and loss quantification.
- Natural Resources Data & Analytics: Offers data analytics, research, and consulting services for the energy, chemicals, metals, mining, power, and renewables sectors.
- Financial Services Solutions: Delivers benchmarking, decisioning algorithms, business intelligence, and customized analytic services for financial institutions and related entities.
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Verisk Analytics (VRSK) primarily provides data analytics solutions and decision support services to other companies and organizations. The provided background information does not list specific names of its major customer companies. However, based on the description, its major customers fall into the following categories:
- Property and Casualty (P&C) Insurance Companies: These customers utilize Verisk's solutions for loss prediction, risk selection and pricing, compliance, fraud detection, and loss quantification.
- Companies in the Natural Resources Value Chain: This category includes businesses in the energy, chemicals, metals, mining, power, and renewables sectors that rely on Verisk for data analytics, research, consulting, and advisory services.
- Financial Services Entities: This broad category encompasses financial institutions, payment networks and processors, alternative lenders, regulators, and merchants that use Verisk's benchmarking, decisioning algorithms, business intelligence, and customized analytic services.
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Lee Shavel, Chief Executive Officer, President, Director
Lee Shavel became Chief Executive Officer of Verisk in May 2022, after joining the company in 2017 as Chief Financial Officer. He later also served as group president of the energy and financial services groups. Prior to Verisk, Mr. Shavel served as Executive Vice President and Chief Financial Officer of Nasdaq, Inc. from 2011 to 2016. Before that, he spent 18 years at Bank of America Merrill Lynch, holding positions such as Americas Head of Financial Institutions Investment Banking and Global Chief Operating Officer for the Financial Institutions Group. He advised on numerous significant transactions in the securities industry, including mergers, acquisitions, and initial public offerings. Mr. Shavel also serves on the board of FactSet Research Systems and chairs its audit committee.
Elizabeth Mann, Chief Financial Officer and Interim President, Claims Solutions
Elizabeth Mann was appointed Executive Vice President and Chief Financial Officer of Verisk, effective September 15, 2022. In this role, she leads Verisk's global finance organization and oversees client strategy. Before joining Verisk, Ms. Mann was with S&P Global, where she served as CFO for the Ratings and Mobility divisions and previously as Senior Vice President of capital management, overseeing treasury, tax, and capital allocation functions. Prior to S&P Global, she held various leadership roles at Goldman Sachs, including Managing Director in the firmwide strategy group and the technology, media, and telecom investment banking group. Ms. Mann began her career as a mathematician in academia, earning a Ph.D. in mathematics from the University of Oxford and a B.S. in mathematics from Harvard University. She also served as Moore Instructor & National Science Foundation Postdoctoral Fellow at the Massachusetts Institute of Technology. She serves on the Board of Motorola Solutions, Inc., and as the Board President for the Winston Churchill Scholarship Foundation of the United States.
Kathy Card Beckles, Executive Vice President, Chief Legal Officer, and Corporate Secretary
Kathy Card Beckles joined Verisk as Executive Vice President, Chief Legal Officer, and Corporate Secretary in April 2021. Before Verisk, she served as General Counsel for Chase Consumer Bank and Shared Services at JP Morgan Chase, and previously led the company's card team and served as chief intellectual property counsel. She also worked as Managing Director and Associate General Counsel of Intellectual Property and Technology at JPMorgan Chase from 2004 to 2015. Ms. Card Beckles began her career as an engineer and practiced law at Kenyon & Kenyon. She holds a Doctor of Law degree from The George Washington University Law School and a Bachelor of Science in Chemical Engineering from the University of Delaware.
Nicholas Daffan, Chief Information Officer
Nicholas Daffan is Verisk's Chief Information Officer, a role he has held since July 2015. He is responsible for the company's technology strategy, operations, and the advancement of data and analytics. Prior to becoming Verisk's CIO, Mr. Daffan was the Chief Information Officer of Argus Information and Advisory Services (now part of Verisk Financial), which he joined in 2000. At Argus, he was responsible for Data Operations, Product Support, and Information Technology groups. Before Argus, Mr. Daffan worked at Unisys Corporation, where he led a team implementing SQL Server, and at First Manhattan Consulting Group, focusing on retail banking strategy, management information systems, and risk management. He holds a B.S. in Finance from Pennsylvania State University.
Sunita Holzer, Executive Vice President and Chief Human Resources Officer
Sunita Holzer was appointed Executive Vice President and Chief Human Resources Officer (CHRO) at Verisk in August 2021, leading global HR strategy and operations for the company's team members across more than 20 countries. She brings three decades of enterprise-level HR leadership experience across various industries. Before Verisk, Ms. Holzer served as EVP and CHRO at Realogy Holdings Corporation. Her prior experience also includes roles as CHRO for Computer Sciences Corporation (now DXC Technology), CHRO at Chubb Insurance, and Chief Diversity Officer at American Express. She also founded and served as President of Human Capital Insight, an advisory firm. Ms. Holzer is a member of the board of directors for South Jersey Industries and the Human Resources Management Department Advisory Board at Rutgers School of Management and Labor Relations.
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- Data Security and Privacy Risks: Verisk Analytics' core business relies on collecting, analyzing, and providing data-driven solutions across various sectors, including highly sensitive areas like insurance and financial services. A breach of their extensive databases, failure to comply with evolving data privacy regulations (e.g., GDPR, CCPA, or industry-specific rules), or issues with data integrity could severely damage their reputation, lead to significant legal and financial penalties, and erode customer trust.
- Technological Disruption and Competition in Analytics: The company's offerings are rooted in predictive analytics, machine learning, and artificial intelligence models. The rapid pace of technological innovation in these fields means Verisk must continuously invest in research and development to maintain its competitive edge. Failure to keep up with new technologies, or the emergence of a competitor with more advanced or cost-effective analytics solutions, could lead to a loss of market share and relevance.
- Regulatory and Industry Changes: Operating in regulated industries such as insurance, financial services, and natural resources makes Verisk susceptible to changes in laws, regulations, or industry standards. Shifts in compliance requirements, reporting mandates, or even the fundamental ways risk is assessed and managed within these sectors could necessitate significant adaptations to their products and services, or potentially reduce demand for their current offerings.
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Verisk Analytics, Inc. operates in three main segments: Insurance, Energy and Specialized Markets, and Financial Services. The addressable markets for their key products and services are as follows:
Insurance Segment
- For its Underwriting & Rating and Claims products, Verisk Analytics estimates a total addressable market of $15 billion globally.
- In rapidly growing adjacencies within the U.S. insurance market, the total addressable market for Life Insurance is estimated at $2 billion.
- The total addressable market for Marketing Solutions in the U.S. property and casualty (P&C) sector is also estimated at $2 billion.
- Verisk also identifies a $1 billion total addressable market in international current markets for product extensions, new geographies, and synergies.
- More broadly, the global insurance analytics market was valued at approximately USD 19.3 billion in 2025 and is projected to reach USD 54.54 billion by 2034. Another estimate places the global insurance analytics market size at USD 15.75 billion in 2025, with a projection to reach USD 47.97 billion by 2033.
Energy and Specialized Markets Segment
- The global market for Artificial Intelligence (AI) in Mining and Natural Resources, which aligns with Verisk's data analytics for the natural resources value chain, was valued at USD 6.39 billion in 2025 and is predicted to grow to USD 41.13 billion by 2035.
- The global big data analytics market in the energy sector was valued at USD 11.91 billion in 2025 and is projected to reach USD 33.49 billion by 2034.
- The global geospatial analytics market, which includes the energy, utility, and natural resources industry verticals, was valued at USD 85.5 billion in 2023 and is projected to reach USD 220.2 billion by 2033.
Financial Services Segment
- The global financial data services market was valued at USD 28.1 billion in 2025 and is projected to reach USD 59 billion by the end of 2035. North America is expected to hold a 40.6% share of this market by 2035. Another report indicates the global financial data services market was valued at USD 29.53 billion in 2024 and is projected to attain USD 63.18 billion by 2032. North America held the largest share in 2024 at 44.3%.
- The global financial analytics market was valued at USD 12.57 billion in 2024 and is estimated to reach USD 29.65 billion by 2033. North America currently dominates this market, holding over 34.0% share in 2024.
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Expected Drivers of Future Revenue Growth for Verisk Analytics (VRSK)
- Consistent Organic Constant Currency Revenue Growth: Verisk Analytics anticipates organic constant currency revenue growth of 6% to 8% over the next three years, primarily driven by its robust subscription-based SaaS model, which accounts for approximately 80% of its revenue. This growth is further supported by the ongoing and increasing adoption of data and technology across the global insurance industry, leading to higher demand for Verisk's solutions to automate core functions like underwriting, claims, and risk management.
- Product Innovation and AI Integration: The company is heavily focused on continuous investment in research and development, particularly in artificial intelligence (AI), to enhance its offerings and maintain a strong competitive edge. AI integration is central to Verisk's strategy, aimed at providing enhanced customer offerings, improving risk management tools (such as catastrophe models), and driving efficiency and productivity gains for clients. Verisk plans to release 25 new customer-facing modules in 2026, and new AI-enabled products have already seen rapid adoption by major insurers.
- Strategic Acquisitions and International Expansion: Verisk's growth strategy includes a commitment to strategic acquisitions to enter new markets, acquire new technologies, and expand its capabilities and customer base. The company has a history of inorganic growth, with recent acquisitions bolstering its property and life insurance solutions. Additionally, Verisk is actively pursuing international expansion, particularly in markets like the UK and Germany, to capture global market share and grow its contributory data businesses.
- Diversification into New Markets: While its core focus remains the insurance industry, Verisk is strategically diversifying into new product areas to broaden its revenue streams and reduce reliance on cyclical insurance markets. A notable example is its active targeting of the U.S. Healthcare Payer Analytics market, which is projected for significant growth, leveraging Verisk's existing data expertise to cater to new customer segments. This strategic diversification is expected to contribute to the company's long-term resilience and growth.
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Share Repurchases
- In February 2026, Verisk Analytics initiated accelerated share repurchase agreements totaling $1.5 billion, with approximately $1.0 billion remaining under its existing authorization. This followed a board approval to increase the total share repurchase authorization to $2.5 billion.
- The company repurchased shares worth $2.8 billion in 2023 and $1.0 billion in 2024.
- In the fourth quarter of 2025, Verisk repurchased $223.8 million of common stock through an enhanced open market repurchase program.
Share Issuance
- Verisk Analytics' shares outstanding have shown a consistent decline over the past few years, with 0.143 billion shares outstanding in 2024 (a 3.05% decline from 2023) and 0.147 billion shares outstanding in 2023 (a 7.29% decline from 2022), indicating a net reduction rather than significant issuance.
Inbound Investments
- No significant inbound investments by third-parties, such as strategic partners or private equity firms, were prominently disclosed during the last 3-5 years.
Outbound Investments
- In July 2025, Verisk acquired AccuLynx for $2.35 billion.
- Also in July 2025, the company acquired Surancebay for $162 million.
- In January 2024, Verisk acquired Rocket Enterprise Solutions GmbH for $10.1 million to expand its property claims and underwriting digitalization offerings across Europe.
Capital Expenditures
- Verisk Analytics' capital expenditures were approximately $244.1 million in 2025 and $223.9 million in 2024.
- In 2023, capital expenditures were approximately $230.0 million.
- The capital expenditures are primarily focused on investments in technology and internally developed software projects, which support their data analytics capabilities for clients.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 274.49 |
| Mkt Cap | 25.2 |
| Rev LTM | 3,136 |
| Op Inc LTM | 1,375 |
| FCF LTM | 1,236 |
| FCF 3Y Avg | 1,040 |
| CFO LTM | 1,503 |
| CFO 3Y Avg | 1,277 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.7% |
| Rev Chg 3Y Avg | 10.2% |
| Rev Chg Q | 10.4% |
| QoQ Delta Rev Chg LTM | 2.5% |
| Op Inc Chg LTM | 16.2% |
| Op Inc Chg 3Y Avg | 22.5% |
| Op Mgn LTM | 41.6% |
| Op Mgn 3Y Avg | 38.9% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 35.5% |
| CFO/Rev 3Y Avg | 36.7% |
| FCF/Rev LTM | 34.6% |
| FCF/Rev 3Y Avg | 33.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 25.2 |
| P/S | 8.0 |
| P/Op Inc | 18.3 |
| P/EBIT | 18.6 |
| P/E | 28.5 |
| P/CFO | 21.3 |
| Total Yield | 4.5% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.4% |
| 3M Rtn | 7.1% |
| 6M Rtn | 3.1% |
| 12M Rtn | -27.4% |
| 3Y Rtn | 9.3% |
| 1M Excs Rtn | 0.0% |
| 3M Excs Rtn | 0.8% |
| 6M Excs Rtn | -16.9% |
| 12M Excs Rtn | -52.1% |
| 3Y Excs Rtn | -61.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Insurance | 3,073 | 2,882 | 2,681 | 2,437 | 2,207 |
| Energy and Specialized Markets | 22 | 113 | |||
| Financial Services | 38 | 143 | |||
| Total | 3,073 | 2,882 | 2,681 | 2,497 | 2,462 |
| $ Mil | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| Insurance | 789 | ||||
| Energy and Specialized Markets | 27 | ||||
| Financial Services | 18 | ||||
| Decision Analytics | 377 | 382 | 356 | 313 | |
| Risk Assessment | 425 | 386 | 380 | 348 | |
| Total | 834 | 801 | 768 | 737 | 660 |
Price Behavior
| Market Price | $192.80 | |
| Market Cap ($ Bil) | 25.2 | |
| First Trading Date | 10/07/2009 | |
| Distance from 52W High | -28.7% | |
| 50 Days | 200 Days | |
| DMA Price | $186.18 | $197.88 |
| DMA Trend | down | up |
| Distance from DMA | 3.6% | -2.6% |
| 3M | 1YR | |
| Volatility | 38.5% | 33.6% |
| Downside Capture | -164.74 | -28.94 |
| Upside Capture | -93.00 | -58.03 |
| Correlation (SPY) | -41.6% | -15.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.97 | -0.96 | -1.16 | -0.50 | -0.38 | 0.19 |
| Up Beta | -5.55 | -2.33 | -2.33 | -1.04 | -0.60 | 0.17 |
| Down Beta | 0.17 | 0.20 | 0.08 | 0.24 | -0.03 | 0.31 |
| Up Capture | -92% | -59% | -81% | -41% | -29% | 2% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 12 | 22 | 30 | 60 | 121 | 384 |
| Down Capture | -251% | -157% | -194% | -62% | -40% | 35% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 10 | 21 | 33 | 66 | 131 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRSK | |
|---|---|---|---|---|
| VRSK | -28.5% | 33.6% | -0.95 | - |
| Sector ETF (XLI) | 25.9% | 17.0% | 1.18 | -19.2% |
| Equity (SPY) | 25.2% | 12.9% | 1.47 | -15.5% |
| Gold (GLD) | 21.1% | 28.1% | 0.67 | -19.7% |
| Commodities (DBC) | 28.3% | 19.8% | 1.14 | -0.1% |
| Real Estate (VNQ) | 15.6% | 13.8% | 0.81 | 18.7% |
| Bitcoin (BTCUSD) | -44.2% | 43.0% | -1.23 | -3.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRSK | |
|---|---|---|---|---|
| VRSK | 1.3% | 25.0% | 0.03 | - |
| Sector ETF (XLI) | 14.3% | 17.6% | 0.64 | 29.9% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 35.0% |
| Gold (GLD) | 17.3% | 18.5% | 0.76 | -1.8% |
| Commodities (DBC) | 8.1% | 19.6% | 0.31 | 1.1% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 43.1% |
| Bitcoin (BTCUSD) | 10.0% | 53.0% | 0.38 | 10.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VRSK | |
|---|---|---|---|---|
| VRSK | 9.0% | 24.3% | 0.36 | - |
| Sector ETF (XLI) | 14.3% | 20.0% | 0.63 | 47.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 53.6% |
| Gold (GLD) | 11.6% | 16.1% | 0.58 | 3.7% |
| Commodities (DBC) | 7.0% | 18.0% | 0.31 | 11.9% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 51.6% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 10.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 0.4% | ||
| 4/29/2026 | 6.5% | 2.1% | -2.2% |
| 2/18/2026 | 3.8% | 7.8% | 15.6% |
| 10/29/2025 | -10.4% | -5.2% | -3.5% |
| 7/30/2025 | -6.3% | -10.0% | -9.0% |
| 5/7/2025 | 4.6% | 1.8% | 8.2% |
| 2/26/2025 | -3.9% | -0.1% | -2.4% |
| 10/30/2024 | 4.5% | 6.1% | 11.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 12 |
| # Negative | 14 | 11 | 11 |
| Median Positive | 4.1% | 2.9% | 8.1% |
| Median Negative | -4.5% | -6.0% | -4.4% |
| Max Positive | 6.8% | 13.3% | 15.6% |
| Max Negative | -10.4% | -10.6% | -12.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 0.4% | ||
| 4/29/2026 | 6.5% | 2.1% | -2.2% |
| 2/18/2026 | 3.8% | 7.8% | 15.6% |
| 10/29/2025 | -10.4% | -5.2% | -3.5% |
| 7/30/2025 | -6.3% | -10.0% | -9.0% |
| 5/7/2025 | 4.6% | 1.8% | 8.2% |
| 2/26/2025 | -3.9% | -0.1% | -2.4% |
| 10/30/2024 | 4.5% | 6.1% | 11.7% |
| 7/31/2024 | -8.5% | -8.8% | -5.1% |
| 5/1/2024 | 6.8% | 13.3% | 14.4% |
| 2/21/2024 | -4.4% | -2.2% | -4.7% |
| 11/1/2023 | -2.2% | 2.6% | 6.2% |
| 8/2/2023 | 1.4% | 1.4% | 5.4% |
| 2/28/2023 | 3.3% | 7.6% | 11.4% |
| 11/1/2022 | -6.7% | -6.0% | 2.6% |
| 8/2/2022 | 4.4% | 5.2% | -1.0% |
| 5/3/2022 | -3.3% | -10.6% | -12.1% |
| 2/22/2022 | -4.7% | -3.8% | 11.6% |
| 11/2/2021 | 2.4% | 3.3% | 7.9% |
| 8/3/2021 | -0.5% | -0.5% | 7.7% |
| 5/4/2021 | -8.4% | -7.1% | -8.9% |
| 2/23/2021 | -9.6% | -10.2% | -4.4% |
| 11/4/2020 | -1.0% | 1.8% | -0.4% |
| 8/4/2020 | -0.6% | 0.1% | 2.7% |
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 12 |
| # Negative | 14 | 11 | 11 |
| Median Positive | 4.1% | 2.9% | 8.1% |
| Median Negative | -4.5% | -6.0% | -4.4% |
| Max Positive | 6.8% | 13.3% | 15.6% |
| Max Negative | -10.4% | -10.6% | -12.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/23/2021 | 10-K |
| 09/30/2020 | 11/04/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 02/18/2020 | 10-K |
| 09/30/2019 | 10/30/2019 | 10-Q |
Recent Forward Guidance
Updated 8/1/2026Latest: Q2 2026 Earnings Reported 7/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total revenue | 3.19 Bil | 3.21 Bil | 3.24 Bil | 0 | Affirmed | Guidance: 3.21 Bil for 2026 | |
| 2026 Adjusted EBITDA | 1.79 Bil | 1.81 Bil | 1.83 Bil | 0 | Affirmed | Guidance: 1.81 Bil for 2026 | |
| 2026 Adjusted EBITDA margin | 56.0% | 56.25% | 56.5% | 0 | Affirmed | Guidance: 56.25% for 2026 | |
| 2026 Diluted adjusted EPS | 7.45 | 7.6 | 7.75 | 0 | Affirmed | Guidance: 7.6 for 2026 | |
| 2026 Tax rate | 23.0% | 24.5% | 26.0% | 0 | Affirmed | Guidance: 24.5% for 2026 | |
| 2026 Capital expenditures | 260.00 Mil | 270.00 Mil | 280.00 Mil | 0 | Affirmed | Guidance: 270.00 Mil for 2026 | |
| 2026 Fixed asset depreciation & amortization | 270.00 Mil | 280.00 Mil | 290.00 Mil | 0 | Affirmed | Guidance: 280.00 Mil for 2026 | |
| 2026 Intangible amortization | 60.00 Mil | 0 | Affirmed | Guidance: 60.00 Mil for 2026 | |||
| 2026 Interest expense | 190.00 Mil | 195.00 Mil | 200.00 Mil | 0 | Affirmed | Guidance: 195.00 Mil for 2026 | |
| 2026 Dividend per share | 2 | 0 | Affirmed | Guidance: 2 for 2026 | |||
Prior: Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total revenue | 3.19 Bil | 3.21 Bil | 3.24 Bil | 0 | Affirmed | Guidance: 3.21 Bil for 2026 | |
| 2026 Adjusted EBITDA | 1.79 Bil | 1.81 Bil | 1.83 Bil | 0 | Affirmed | Guidance: 1.81 Bil for 2026 | |
| 2026 Adjusted EBITDA margin | 56.0% | 56.25% | 56.5% | 0 | Affirmed | Guidance: 56.25% for 2026 | |
| 2026 Diluted adjusted EPS | 7.45 | 7.6 | 7.75 | 0 | Affirmed | Guidance: 7.6 for 2026 | |
| 2026 Tax rate | 23.0% | 24.5% | 26.0% | ||||
| 2026 Capital expenditures | 260.00 Mil | 270.00 Mil | 280.00 Mil | 0 | Affirmed | Guidance: 270.00 Mil for 2026 | |
| 2026 Fixed asset depreciation & amortization | 270.00 Mil | 280.00 Mil | 290.00 Mil | ||||
| 2026 Intangible amortization | 60.00 Mil | ||||||
| 2026 Interest expense | 190.00 Mil | 195.00 Mil | 200.00 Mil | ||||
| 2026 Dividend per share | 2 | 0 | Affirmed | Guidance: 2 for 2026 | |||
Q4 2025 Earnings Reported 2/18/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Revenue | 3.19 Bil | 3.21 Bil | 3.24 Bil | 4.9% | Higher New | Actual: 3.06 Bil for 2025 | |
| 2026 Adjusted EBITDA | 1.79 Bil | 1.81 Bil | 1.83 Bil | 6.2% | Higher New | Actual: 1.71 Bil for 2025 | |
| 2026 Adjusted EBITDA margin | 56.0% | 56.25% | 56.5% | 0.8% | Higher New | Actual: 55.4% for 2025 | |
| 2026 Diluted adjusted EPS | 7.45 | 7.6 | 7.75 | 10.1% | Higher New | Actual: 6.9 for 2025 | |
| 2026 Capital expenditures | 260.00 Mil | 270.00 Mil | 280.00 Mil | 5.9% | Higher New | Actual: 255.00 Mil for 2025 | |
| 2026 Dividend per share | 2 | ||||||
Q3 2025 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Total revenue | 3.05 Bil | 3.06 Bil | 3.08 Bil | -1.4% | Lowered | Guidance: 3.11 Bil for 2025 | |
| 2025 Adjusted EBITDA | 1.69 Bil | 1.71 Bil | 1.72 Bil | -0.9% | Lowered | Guidance: 1.72 Bil for 2025 | |
| 2025 Adjusted EBITDA margin | 55.0% | 55.4% | 55.8% | 0.0% | Affirmed | Guidance: 55.4% for 2025 | |
| 2025 Diluted adjusted EPS | 6.8 | 6.9 | 7 | 0.0% | Affirmed | Guidance: 6.9 for 2025 | |
| 2025 Tax rate | 23.0% | 24.0% | 25.0% | 0.0% | Affirmed | Guidance: 24.0% for 2025 | |
| 2025 Capital expenditures | 245.00 Mil | 255.00 Mil | 265.00 Mil | 0.0% | Affirmed | Guidance: 255.00 Mil for 2025 | |
| 2025 Interest expense | 165.00 Mil | 175.00 Mil | 185.00 Mil | -12.5% | Lowered | Guidance: 200.00 Mil for 2025 | |
Insider Activity
Updated 8/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 8032026 | 196.94 | 3,535 | 696,183 | 19,396,621 | Form |
| 2 | Beckles, Kathy Card | Chief Legal Officer | Direct | Sell | 7312026 | 195.49 | 2,020 | 394,890 | 2,251,263 | Form |
| 3 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 7312026 | 220.00 | 2,500 | 550,000 | 21,667,800 | Form |
| 4 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 7152026 | 192.11 | 400 | 76,844 | 3,608,594 | Form |
| 5 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 6162026 | 179.54 | 400 | 71,816 | 3,444,295 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 8032026 | 196.94 | 3,535 | 696,183 | 19,396,621 | Form |
| 2 | Beckles, Kathy Card | Chief Legal Officer | Direct | Sell | 7312026 | 195.49 | 2,020 | 394,890 | 2,251,263 | Form |
| 3 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 7312026 | 220.00 | 2,500 | 550,000 | 21,667,800 | Form |
| 4 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 7152026 | 192.11 | 400 | 76,844 | 3,608,594 | Form |
| 5 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 6162026 | 179.54 | 400 | 71,816 | 3,444,295 | Form |
| 6 | Liss, Samuel G | Direct | Sell | 6082026 | 182.21 | 4,671 | 851,103 | 12,590,347 | Form | |
| 7 | Liss, Samuel G | Direct | Sell | 6042026 | 177.63 | 6,765 | 1,201,667 | 12,273,878 | Form | |
| 8 | Hansen, Bruce Edward | Direct | Sell | 6012026 | 174.99 | 2,336 | 408,777 | 2,776,741 | Form | |
| 9 | Hansen, Bruce Edward | Direct | Sell | 5262026 | 171.51 | 2,335 | 400,476 | 2,721,521 | Form | |
| 10 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 5152026 | 159.22 | 400 | 63,688 | 3,118,164 | Form |
| 11 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 4162026 | 171.57 | 400 | 68,628 | 3,428,655 | Form |
| 12 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 3182026 | 204.71 | 400 | 81,884 | 4,172,809 | Form |
| 13 | Perry, Christopher John | Direct | Buy | 2242026 | 180.00 | 1,000 | 180,000 | 538,920 | Form | |
| 14 | Stevenson, Kimberly S | Direct | Buy | 2242026 | 179.20 | 1,000 | 179,200 | 791,168 | Form | |
| 15 | Hendrick, Gregory | Direct | Buy | 2242026 | 180.16 | 500 | 90,080 | 559,577 | Form | |
| 16 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 12162025 | 219.54 | 300 | 65,862 | 3,131,738 | Form |
| 17 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 11182025 | 220.07 | 1,100 | 242,077 | 16,880,909 | Form |
| 18 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 11182025 | 216.99 | 1,100 | 238,689 | 16,883,341 | Form |
| 19 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 11182025 | 216.99 | 300 | 65,097 | 3,160,459 | Form |
| 20 | Dailey, Jeffrey J | Direct | Buy | 11032025 | 217.03 | 500 | 108,515 | 859,873 | Form | |
| 21 | Purtill, Sabra R | Direct | Buy | 11032025 | 217.95 | 450 | 98,078 | 289,220 | Form | |
| 22 | Hendrick, Gregory | Direct | Buy | 11032025 | 216.14 | 500 | 108,070 | 548,131 | Form | |
| 23 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 10152025 | 242.23 | 300 | 72,669 | 3,600,749 | Form |
| 24 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 9162025 | 254.72 | 300 | 76,416 | 3,862,829 | Form |
| 25 | Daffan, Nicholas | Chief Information Officer | Direct | Sell | 9032025 | 265.00 | 5,420 | 1,436,300 | 14,399,305 | Form |
| 26 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 8182025 | 268.01 | 1,100 | 294,811 | 21,147,865 | Form |
| 27 | Mann, Elizabeth | Chief Financial Officer | Direct | Sell | 8182025 | 268.00 | 300 | 80,400 | 4,144,620 | Form |
| 28 | Shavel, Lee | Chief Executive Officer | Direct | Sell | 8182025 | 268.00 | 1,100 | 294,800 | 21,441,876 | Form |
| 29 | Perry, Christopher John | Direct | Buy | 8142025 | 259.80 | 1,000 | 259,800 | 460,625 | Form | |
| 30 | Daffan, Nicholas | Chief Information Officer | Direct | Sell | 8042025 | 272.03 | 5,420 | 1,474,403 | 14,995,654 | Form |
Investor Activity (13F)
Updated Aug 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| GCQ FUNDS MANAGEMENT PTY Ltd | $39.6 Mil | 5.3% | 11 | New | 13F |
| GUARDCAP ASSET MANAGEMENT Ltd | $90.0 Mil | 5.2% | 27 | TRIM -5.4% | 13F |
| XXEC, Inc. | $26.7 Mil | 4.7% | 23 | New | 13F |
| Bristol Gate Capital Partners Inc. | $66.2 Mil | 4.3% | 31 | New | 13F |
| Ycg, LLC | $41.5 Mil | 3.8% | 42 | ADD +17.3% | 13F |
| Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust | $22.7 Mil | 3.4% | 28 | ADD +172.5% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Bristol Gate Capital Partners Inc. | $66.2 Mil | 4.3% | 31 | New | 13F |
| GCQ FUNDS MANAGEMENT PTY Ltd | $39.6 Mil | 5.3% | 11 | New | 13F |
| XXEC, Inc. | $26.7 Mil | 4.7% | 23 | New | 13F |
| Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust | $22.7 Mil | 3.4% | 28 | ADD +172.5% | 13F |
| Ycg, LLC | $41.5 Mil | 3.8% | 42 | ADD +17.3% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| GUARDCAP ASSET MANAGEMENT Ltd | $90.0 Mil | 5.2% | 27 | TRIM -5.4% | 13F |
| Bristol Gate Capital Partners Inc. | $66.2 Mil | 4.3% | 31 | New | 13F |
| Ycg, LLC | $41.5 Mil | 3.8% | 42 | ADD +17.3% | 13F |
| GCQ FUNDS MANAGEMENT PTY Ltd | $39.6 Mil | 5.3% | 11 | New | 13F |
| XXEC, Inc. | $26.7 Mil | 4.7% | 23 | New | 13F |
| Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust | $22.7 Mil | 3.4% | 28 | ADD +172.5% | 13F |
VRSK Trade Sentinel
Constructive
CONVICTION RATIONALE
Conviction is constructive, centered on the accelerating 8.0% growth in the core subscription business, which comprises 83% of revenue. This strength, fueled by new AI-enhanced products, appears to be underestimated by a market focused on cyclical weakness in the much smaller transactional segment. The primary watch item is the company's increased use of debt to fund shareholder returns.
STOCK ARCHETYPE
Data-as-a-Service (DaaS) / Subscription(Number of insurance clients) x (Average subscription price) + (Number of transactions) x (Average transaction price) Operating leverage from adding new clients and increasing prices on a high-margin, scalable subscription platform with relatively fixed costs.
INVESTMENT THESIS
The core subscription business is re-accelerating, driven by pricing power and new AI-enabled platforms, suggesting its strength is being overlooked.
- Core subscription revenue growth accelerated to 8.0% OCC in Q2 2026.
- Overall OCC revenue growth accelerated sequentially to 5.8% in Q2.
- Full-year 2026 revenue guidance of $3.19B to $3.24B was reaffirmed.
- New AI product adoption is strong, with XactAI users up nearly 10x since March.
- Company maintains high profitability with a 43.9% TTM operating margin.
PRIMARY RISK
A softening P&C insurance market, which has already driven transactional revenues down 4.2%, could spread, eroding pricing power and renewal rates in the core subscription business.
- Transactional revenues declined 4.2% OCC in Q2 2026.
- Management noted 'price competition and softening markets' among P&C clients.
- A slow start to hurricane season could 'exert pressure' on H2 revenues.
- Net debt has increased to $4.1 billion from $2.8 billion a year ago.
- Shareholder payouts are partly debt-funded, with a funding ratio of 0.51.
| KPI | Status | Rationale |
|---|---|---|
| Organic Constant Currency (OCC) Revenue Growth | 5.8% for the second quarter of 2026 - Turning around | Growth accelerated sequentially in the second quarter, rebounding from a dip in the first quarter. Management stated this was an "anticipated" recovery, suggesting the Q1 slowdown was temporary. |
| Subscription Revenue Growth (OCC) | 8.0% for the second quarter of 2026 - Accelerating | The growth in the core recurring revenue base, which comprises 83% of the business, accelerated sequentially, indicating underlying business health. Management attributed this to strong price realization, expanded client relationships, and new logos. |
| Transactional Revenue Growth (OCC) | -4.2% (Q2 2026) | Reflects performance in the smaller, more volatile part of the business, often influenced by factors like weather-related claim events and cyclical market dynamics. |
Core Engine vs. Cyclical Drag
BULL VIEW
The 8.0% OCC growth in the core subscription business (83% of revenue) is the true indicator of health, driven by durable pricing power and new AI products, and will easily overcome temporary transactional weakness.
CORE TENSION
Can accelerating 8.0% subscription growth offset the -4.2% transactional decline, a conflict that prompted a -6.0% post-earnings stock reaction despite reaffirmed guidance?
PREVAILING SENTIMENT
The latest evidence favors the bull view. The core subscription business accelerated sequentially, and management's reaffirmed full-year guidance implies confidence in overcoming the near-term transactional headwinds.
BEAR VIEW
The 4.2% decline in transactional revenue is a leading indicator of a broader P&C downturn that will ultimately infect the core business, making the reaffirmed full-year guidance for 2026 difficult to achieve.
| Timeline | Event & Metric To Watch |
|---|---|
9/2/2026 | Peer Guidewire Earnings Watch: Peer Guidewire Software (GWRE) is scheduled to report earnings. |
9/16/2026 | Peer FactSet Earnings Watch: Peer FactSet Research Systems (FDS) is scheduled to report earnings. |
10/20/2026 | Negative Peer Read-Across Watch: Commentary from MCO or SPGI regarding demand from insurance clients, pricing environment, or macroeconomic headwinds affecting the sector. |
10/27/2026 | Softening P&C Market Headwinds Watch: Any downward revision to 2026 guidance or specific quantification of the impact on transactional revenue growth. |
10/27/2026 | Slow Hurricane Season Impact Watch: Quantification of the headwind from lower weather-related claims volumes on Q3 results and the outlook for Q4. |
through the remainder of the year | Synergy Studio Client Migration Watch: A robust pipeline of clients are scheduled to migrate to the Verisk Synergy Studio platform. |
| Date | Event | Stock Impact |
|---|---|---|
2026-07-29 | Acquired Geospatial Intelligence Firm Details: Verisk acquired McKenzie Intelligence Services (MIS), a company specializing in real-time catastrophe and conflict event analysis, to enhance its event response capabilities. | -5.6% $212.26 -> $200.35 |
2026-07-29 | Reported Q2 Financial Results Details: Revenue grew 4.3% (5.8% OCC) and diluted adjusted EPS grew 5.3%. Management reaffirmed its full-year 2026 financial outlook. | -5.6% $212.26 -> $200.35 |
2026-06-01 | Launched New Modeling Platform Details: The company launched its reengineered U.S. Tropical Cyclone Model, delivered on its new cloud-native Synergy Studio platform, to redefine hurricane risk modeling. | +2.3% $174.51 -> $178.61 |
2026-05-05 | Announced AI Partnership Details: Verisk announced its insurance analytics are now available in Anthropic's Claude AI models through standardized Model Context Protocol (MCP) connectors. | -4.3% $178.19 -> $170.48 |
2026-04-29 | Q1 Earnings and Guidance Details: Following its Q1 earnings report, the company affirmed its 2026 guidance for total revenue, adjusted EBITDA, and other key metrics. The stock reacted positively, rising 4.0% over two days. | +4.4% $176.18 -> $183.99 |
2026-02-23 | Announced Major Capital Return Details: The company entered into a $1.5 billion accelerated share repurchase (ASR) transaction and priced an offering of senior notes to help fund it. | +4.8% $181.54 -> $190.17 |
Position Sizing
4% - 6%
NORMAL POSITION
Sizing is volatility-based: VRSK trades at roughly 33% annualized options-implied volatility versus about 16% for the S&P 500 (2.1x the market), around the 56th percentile of its own trailing year. A 4% - 6% position keeps a single-name swing of that size within a diversified portfolio's risk budget.
Diversification Alternatives
SPGI - S&P Global
Diversified Financial DataS&P Global offers much broader exposure across financial markets beyond P&C insurance, with significantly lower capital intensity. Its capital expenditure is 1% of revenue versus Verisk's 8.5%.
MCO - Moodys
Credit & Risk AnalyticsMoody's provides exposure to credit ratings and analytics, a different driver tied to debt issuance and economic cycles. It currently exhibits higher operating margins at 46.1% compared to Verisk's 43.9%.
A high-margin data utility for the insurance industry, monetizing decades of proprietary data through deeply embedded, subscription-based workflow solutions.
Verisk functions as the data and analytics backbone for the U.S. P&C insurance industry, leveraging a moat built on exclusive, contributory data. Its business model is highly resilient, with over 80% of revenue coming from prepaid annual subscriptions. Growth is driven by consistently adding value through new analytics and technology, such as AI and new modeling platforms, which in turn justifies steady price increases and supports high margins. The company is now positioning its unique data assets as essential for the insurance industry's adoption of AI.
Sustained high single-digit subscription revenue growth, successful client adoption and monetization of new platforms like Verisk Synergy Studio, and announcements of new data contribution agreements with major carriers.
Evidence of major insurers successfully in-sourcing analytics at scale, regulatory changes that restrict the use of contributory data, or the loss of significant data sources.
Quarter-to-quarter fluctuations in transactional revenue, which are often tied to unpredictable weather events and do not reflect the health of the core subscription business.
Repricing Catalyst
The market's recognition of Verisk's role as a key enabler of AI adoption in the insurance industry, leveraging its unique, structured data sets to drive tangible returns on investment for clients, as evidenced by new product launches and partnerships.
Insurance
$3.1B TTM (100% of Total)What It Is
The Insurance segment sells data, analytics, and software solutions to P&C insurance customers, reinsurers, and governments. Offerings include industry-standard insurance programs (policy forms, rules, loss costs), property- and auto-specific underwriting data, catastrophe modeling, and claims solutions for fraud detection and cost estimation.
Who Pays & How
P&C insurers, reinsurers, and government agencies pay for access to Verisk's proprietary data and analytics to more accurately price risk, underwrite policies, manage catastrophe exposure, and handle claims efficiently. They rely on Verisk's industry-standard solutions and vast, contributory databases to improve profitability and meet regulatory requirements.
Competition
Verisk Analytics — Investor Video Playlist
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Research & Consulting Services Resources |
| Consultancy.org |
| Gartner Research |
| Forrester Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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