Verisk Analytics has entered into a definitive agreement to acquire AccuLynx for $2.35 billion in cash. This acquisition aims to enhance Verisk's network capabilities within the insurance claims and restoration ecosystem, particularly benefiting residential property contractors who manage insurance-driven repairs. The transaction is expected to be funded through debt financing and cash on hand, with a closing anticipated by the end of the third quarter of 2025, pending regulatory approvals and customary conditions.
AccuLynx is recognized for its cloud-based software that streamlines operations for roofing contractors, facilitating various stages of project management from lead generation to job completion. The acquisition is projected to improve revenue growth and adjusted earnings per share for Verisk by the end of 2026. The merger is positioned as a strategic move to integrate services more effectively for insurance carriers and contractors, ultimately enhancing workflow efficiency and cost savings for all stakeholders involved.
linkJul 30, 2025 17:13:45
Verisk Analytics announced its financial results for the second quarter ended June 30, 2025, highlighting a 7.9% revenue growth and a 9.7% increase in adjusted EBITDA. The company has raised its revenue and adjusted EBITDA outlook for the full year, crediting operational focus over the past three years for delivering consistent financial results. Verisk has also completed the acquisition of SuranceBay for $162.5 million and has entered into an agreement to acquire AccuLynx for $2.35 billion, aiming to enhance its capabilities in the insurance sector.
The company's operational momentum is underscored by solid performance in its core operations and strategic acquisitions. Verisk continues to invest in businesses that align with its growth strategy while returning capital to shareholders. The management team will host a conference call to discuss the financial results and business highlights, allowing investors to gain further insights into the company's performance and strategic direction.
linkJul 30, 2025 07:17:05
Verisk announced its financial results for the first quarter of 2025, reporting revenue of $753 million, which represents a 7.0% increase compared to the same period last year. The company's adjusted EBITDA reached $417 million, up 9.5%, and diluted GAAP earnings per share rose to $1.65, reflecting an 8.6% increase. The growth was attributed to strong performance in underwriting and claims, with organic constant currency revenue growth of 7.9% and adjusted EBITDA growth of 9.5%. Verisk returned over $250 million to shareholders through dividends and share repurchases during this quarter, demonstrating confidence in its business model and balance sheet strength.
The company continues to focus on providing insights and solutions for its clients while investing in innovation. In addition to the solid operational results, Verisk reiterated its financial guidance for the full year 2025, expecting total revenue between $3.03 billion and $3.08 billion and adjusted EBITDA between $1.67 billion and $1.72 billion. The cash dividend of $0.45 per share was approved for payment in June 2025, indicating a commitment to returning capital to shareholders.
linkMay 07, 2025 07:18:20
Verisk reported consolidated revenues of $736 million for the fourth quarter of 2024, marking an 8.6% increase. For the full year, revenues reached $2,882 million, up 7.5%. Income from continuing operations also saw growth, rising 11.6% to $204 million in the fourth quarter, while adjusted EBITDA increased 9.9%. The company announced a cash dividend increase of 15%, demonstrating confidence in its financial health. Additionally, net cash provided by operating activities was $255 million for the fourth quarter, up 1.2%, and free cash flow was $200 million, up 2.0%.
On the negative side, Verisk reported a loss of $12.1 million from the sale of its Atmospheric and Environmental Research (AER) business, which was included in other operating income for the year. The company also faced increased interest payments related to bond refinancing, which affected its operating cash flow. Despite these challenges, the overall financial performance indicated consistent growth in revenues and earnings.
linkFeb 26, 2025 07:21:49
Verisk announced a 7% increase in consolidated revenues for the third quarter of 2024, reaching $725 million, with a notable rise in income from continuing operations by 17.4%, amounting to $220 million. The company's diluted earnings per share also saw a significant increase of 19.4%, reaching $1.54. Additionally, net cash provided by operating activities rose by 18.4%, and free cash flow increased by 22.9%. Verisk continued to return value to shareholders through dividends and a substantial share repurchase program of $400 million during the quarter.
On the downside, the previous year's litigation reserve expense of $19.2 million related to a former segment impacted year-over-year comparisons, and the company faced ongoing operating and technological challenges within the insurance industry. Although revenues from underwriting and claims grew, the company is navigating a competitive landscape that may affect future performance. The emphasis on cost discipline and investments in innovation suggests a strategic response to these challenges, but the overall market conditions remain a concern.
linkOct 30, 2024 07:17:09
Verisk's Q2 2024 results show solid growth with revenues up 6.2% to $717 million and income from continuing operations soaring 50.7% to $308 million. Earnings per share increased by over 52%, and free cash flow rose 14.3%. The company also initiated a $150 million share repurchase program and announced a 15% dividend increase. However, the financial outlook for 2024 remains unchanged.
linkJul 31, 2024 07:16:43
Verisk's Q1 2024 results show positive growth: revenues up 8.0%, income up 12.9%, adjusted EBITDA up 11.8%, diluted EPS up 19.7%, and diluted adjusted EPS up 26.4%. Cash flow increased, with net cash from operations up 1.9% and free cash flow up 4.2%. A dividend increase of 15% was announced. The company completed a $200 million share repurchase program. Verisk reiterates its financial outlook for 2024 and emphasizes its position as a global insurance data analytics leader.
linkMay 01, 2024 07:17:18
Verisk, a data analytics provider, welcomes Greg Hendrick to its Board of Directors. With over 30 years of insurance leadership experience, Hendrick's expertise is expected to benefit the company's innovation and client partnerships. His background includes roles at Vantage Group, AXA XL, and XL Group. Verisk aims to leverage Hendrick's industry knowledge to enhance long-term shareholder value. The company focuses on global resilience through data analytics, technology, and industry insights, fostering an inclusive workplace culture.
linkApr 01, 2024 17:21:58
Verisk's Q4 2023 revenues increased by 7.4%, with adjusted EBITDA up by 9.0%. Full-year 2023 revenues grew by 7.4%, while adjusted EBITDA increased by 11.6%. Income from continuing operations decreased in Q4 2023 due to a litigation reserve expense. The company's diluted adjusted EPS declined in Q4 but rose for the full year. Cash flow improved in Q4, and a dividend increase was announced. Verisk's leadership is optimistic about future growth, margin expansion, and cash flow generation, emphasizing investments in innovation and cost efficiency.
linkFeb 21, 2024 07:16:27
Verisk reports strong financial results for Q3 2023, with consolidated revenues up 11.1% and income from continuing operations up 13.1%. Diluted GAAP earnings per share increased by 22.9% and diluted adjusted earnings per share increased by 26.7%. Net cash provided by operating activities decreased by 10.7% and free cash flow decreased by 8.7%. The company paid a cash dividend of 34 cents per share and repurchased $49.8 million of common shares during the quarter. The 2023 financial guidance remains unchanged.
linkNov 01, 2023 06:47:41