Verisk Analytics Reports Strong Q4, 2023 Results, Updates Guidance for 2024

The report provides a comprehensive overview of Verisk Analytics' financial performance in the fourth quarter and full year 2023, as well as the company's strategic priorities and guidance for 2024. Here are the key highlights:

Financial Performance

• Verisk reported strong financial results for the fourth quarter and full year 2023, with significant organic revenue growth and margin expansion.
• Organic constant currency revenue growth was 8.7%, the highest since the company's IPO in 2009.
• Organic constant currency adjusted EBITDA grew double-digit, with a 150 basis point margin expansion on an insurance-only basis.
• Free cash flow increased by 6% to over $800 million.

Capital Allocation

• Verisk returned over $4 billion to shareholders through dividends and share repurchases over the past two years.
• In 2023, the company returned $3 billion to shareholders through dividends and repurchases.
• The company has authorized an additional $1 billion in share repurchases.

Financial Guidance

• For 2024, Verisk provided revenue guidance of $2.84 billion to $2.9 billion and adjusted earnings per share guidance of $6.30 to $6.60.
• The company expects to invest in sales force expansion, international expansion, and new technologies like Generative AI to support future growth.

Strategic Focus

• Verisk aims to deliver consistent and predictable growth in 2024 through strategic dialogue with clients, innovation, sales force expansion, and international expansion.
• The company is focused on innovation, operational efficiency, and disciplined capital allocation.
• Verisk is integrating data sets in extreme events and specialty business solutions to support future growth.

Please let me know if you would like me to elaborate on any of the key points or provide additional information. I'm happy to jump in and provide more color on the bullish and bearish highlights, the company's outlook, or any other aspect of the report. Let me know if you would like me to elaborate on any of the key points or provide additional information. I'm happy to jump in and provide more color on the bullish and bearish highlights, the company's outlook, or any other aspect of the report.