Verisk Analytics, Inc.

verisk.com

What Do They Do?

Provides data and analytics for insurers and government agencies making underwriting and claims decisions.

How Do They Make Money?

Customers mainly pay in advance, quarterly or annually, for ongoing access to hosted information and solutions. They also pay for advisory work billed during the project and transaction-based services generally billed monthly after the service is provided.

FY2025 revenue

Who Are Their Customers?

Insurers use Verisk’s underwriting, claims, and catastrophe tools; government agencies and corporations also use its services. Verisk primarily engages customers directly through account and sales teams.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: 2% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 30 cents of every revenue dollar as net income in FY2025 and turned 39 cents into free cash flow.

Operating income, FY2025

44% of revenue

▲ +7% vs FY2024 ($1.3B, 44%)

Net income, FY2025

30% of revenue

▼ −5% vs FY2024 ($958.2M, 33%)

Free cash flow, FY2025

39% of revenue

▲ +30% vs FY2024 ($920.1M, 32%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +4%; vs $772.6M in Q2 FY2025
Net income: ▼ −10%; vs $253.3M in Q2 FY2025

Growing. Revenue grew 25% in 4 years, from $2.5B in FY2021 to $3.1B in FY2025, about 6% a year.

Exited energy The older report described Verisk as serving insurance and energy customers; the latest centers the company on the insurance ecosystem after the energy business sale.

Comments