Verisk Analytics ( (VRSK) ) has released its Q4 earnings. Here is a breakdown of the information Verisk Analytics presented to its investors.
Verisk Analytics is a global leader in data analytics and technology, primarily serving the insurance industry. The company provides solutions to improve underwriting, claims outcomes, and combat fraud, leveraging advanced analytics and deep industry knowledge.
Verisk Analytics reported strong financial results for the fourth quarter and full year of 2024, showcasing significant growth in revenue and earnings. The company achieved consolidated revenues of $736 million for the fourth quarter, marking an 8.6% increase, and $2,882 million for the year, reflecting a 7.5% growth.
Key financial highlights include a 11.6% increase in income from continuing operations for the fourth quarter, reaching $204 million, and a 23.7% rise for the full year, totaling $951 million. Adjusted EBITDA also saw a notable increase of 9.9% for both the quarter and the year. The company reported a 15.2% rise in diluted earnings per share for the quarter and a 27.6% increase for the year.
Verisk’s cash flow remained robust, with net cash from operating activities up by 1.2% for the quarter and 7.9% for the year. The company also announced a 15% increase in its dividend, reflecting confidence in its economic model and commitment to returning capital to shareholders.
Looking ahead, Verisk enters 2025 with strong momentum and plans to continue investing in innovations and technologies that enhance value for the insurance ecosystem. The company remains focused on driving growth and returns for its stakeholders, supported by a strategic engagement with clients.