Verisk Analytics, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 07:15 am EST
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Verisk Analytics, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 677.2 million compared to USD 630.4 million a year ago. Net income was USD 174 million compared to USD 61.1 million a year ago. Basic earnings per share from continuing operations was USD 1.26 compared to USD 1.38 a year ago. Diluted earnings per share from continuing operations was USD 1.25 compared to USD 1.37 a year ago. Basic earnings per share was USD 1.2 compared to USD 0.39 a year ago. Diluted earnings per share was USD 1.2 compared to USD 0.39 a year ago.
For the full year, the company reported sales was USD 2,681.4 million compared to USD 2,497 million a year ago. Net income was USD 614.6 million compared to USD 953.9 million a year ago. Basic earnings per share from continuing operations was USD 5.24 compared to USD 6.6 a year ago. Diluted earnings per share from continuing operations was USD 5.22 compared to USD 6.55 a year ago. Basic earnings per share was USD 4.19 compared to USD 6.04 a year ago. Diluted earnings per share was USD 4.17 compared to USD 6 a year ago.
Verisk Analytics, Inc. specializes in the development of predictive analysis and decision support solutions and services in the areas of underwriting, rating, insurance claims, fraud prevention, disaster and climate risk prevention, actuarial science, economic forecasting, etc. Net sales break down by market as follows:
- insurance (97.6%);
- financial services (1.5%);
- energy and specialized markets (0.9%).
Net sales are distributed geographically as follows: the United States (84.9%), the United Kingdom (6.8%) and other (8.3%).