Verisk Analytics, Inc. reported a revenue increase of 7.0% for the first quarter of 2025, reaching $753.0 million compared to $704.0 million in the same period of 2024. The growth was primarily driven by a $33.6 million increase in underwriting revenue and a $15.4 million rise in claims revenue. The company’s operating income also saw a 7.4% increase, amounting to $330.1 million, up from $307.4 million year-over-year. Net income for the quarter was $232.3 million, reflecting a 5.9% increase from $219.4 million in the prior year, resulting in a basic net income per share of $1.66, up from $1.53.
In terms of operational metrics, Verisk's total assets increased significantly to $5.1 billion as of March 31, 2025, compared to $4.3 billion at the end of 2024. This growth was supported by a substantial rise in cash and cash equivalents, which surged to $1.1 billion from $291.2 million. The company also reported a notable increase in deferred revenues, which rose to $584.8 million from $447.2 million, indicating strong demand for its services. The total liabilities increased to $5.0 billion, primarily due to an increase in long-term debt, which rose to $3.2 billion from $2.5 billion.
Strategically, Verisk has focused on enhancing its product offerings and expanding its market presence. The company completed the acquisition of Simplitium Limited, a Nasdaq subsidiary, for $20 million, which is expected to enhance its capabilities in providing risk assessment tools to clients. Additionally, Verisk has been active in share repurchase programs, having repurchased $200.1 million of its common stock during the quarter, which reflects its commitment to returning value to shareholders.
Looking ahead, Verisk remains optimistic about its growth trajectory, supported by its strong cash flow from operations, which amounted to $444.7 million for the quarter, up 19.5% from the previous year. The company anticipates continued revenue growth driven by its subscription-based model, which constitutes a significant portion of its revenue. Furthermore, Verisk plans to leverage its enhanced product offerings and strategic acquisitions to capture additional market share in the insurance analytics sector. The company’s effective tax rate for the quarter was 21.6%, up from 20.3% in the prior year, primarily due to a nonrecurring tax benefit recognized in the previous period.
About Verisk Analytics, Inc.
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