Citable filing context

VRSK filing events and research context

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VRSK's research view summarizes recent SEC filing context, starting with business from Feb 18, 2026.

VRSK filing events and research context
FiledItemContext
Feb 18, 2026businessVerisk Analytics (VRSK) serves the global insurance industry with data analytics and technology solutions for underwriting and claims. The company generates the majority of its revenue through hosted subscriptions, which accounted for 83% of its $3,072.7 million in total 2025 revenue, up 6.6% year-over-year. Underwriting revenue grew 7.7% to $2,179.9 million, while claims revenue rose 4.1% to $892.8 million. EBITDA reached $1,668.9 million, though the EBITDA margin compressed to 54.3% from 57.6% in 2024. Key industry trends impacting demand include slowing U.S. P&C premium growth (5.1% through nine months of 2025), persistent inflation, and elevated catastrophe losses, highlighted by $38 billion in 2025 California wildfires. Strategically, Verisk focused on its core insurance business by selling its Energy business in 2023 and its Marketing Solutions business in 2025 for $80.0 million. It expanded its life and annuity footprint by acquiring SuranceBay for $163.1 million and Simplitium for $19.7 million. Notably, the planned $2.35 billion acquisition of AccuLynx was terminated in December 2025 due to regulatory delays, triggering a special mandatory redemption of $1.5 billion in senior notes and resulting in a $33.9 million loss.
Feb 18, 2026risk_factorsVerisk Analytics derives approximately 70% of its revenue from U.S. P&C primary insurers, exposing it to industry downturns, customer consolidation, and premium fluctuations driven by natural disasters and climate-related events. The company relies heavily on short-term data supply agreements from external sources, some of whom are direct competitors, creating vulnerability to price increases or data access losses. Rapidly evolving artificial intelligence (AI) technologies present dual threats: customers may use AI to replicate Verisk's proprietary solutions, while Verisk's own AI integration introduces compliance, intellectual property, and ethical liabilities. Additionally, migrating to cloud-based infrastructure introduces single-point-of-failure risks. Verisk faces severe cybersecurity threats regarding sensitive consumer data, alongside potential liabilities if its underwriting, claims, or catastrophe models produce inaccurate outputs. Operationally, the company is constrained by strict global data privacy regulations, such as GDPR and FCRA, and a 1995 antitrust settlement that limits insurer involvement in its governance. Financially, Verisk's growth strategy relies on acquisitions that may require substantial debt, risk goodwill impairment, or fail to integrate, while its capital structure is protected by robust anti-takeover provisions.
Feb 26, 2025businessVerisk Analytics (VRSK) is a data analytics and technology partner to the global insurance industry, providing underwriting and claims solutions. The company operates a highly scalable model, with hosted subscriptions generating approximately 81% of its Insurance segment revenues in 2024, which are typically prepaid on one- to five-year terms. In 2024, consolidated revenues grew 7.5% to $2,881.7 million, driven by a 7.0% increase in underwriting (to $2,024.3 million) and an 8.7% increase in claims (to $857.4 million). EBITDA rose to $1,659.1 million, representing a 57.6% margin, up from 53.1% in 2023. Following the strategic divestitures of its Financial Services and Energy businesses in 2022 and 2023, Verisk has focused on core insurance. In 2024, it acquired Rocket Enterprise Solutions for $10.1 million to expand European claims technology and divested AER for $7.1 million. Key industry trends impacting demand include P&C insurer profitability, inflation, and severe catastrophe losses, such as Hurricanes Helene and Milton in 2024 and early 2025 California wildfires, which Verisk's Extreme Event Solutions group estimated could cause up to $35.0 billion in insured losses. Verisk leverages its strong operating cash flows ($1,144.0 million in 2024) to fund share repurchases ($1,005.0 million in 2024) and dividends ($221.3 million).

Source: SEC EDGAR filing text and events; period Feb 18, 2026; filed Feb 18, 2026.

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