Short answer
Verisk Analytics (VRSK) filed its fiscal 2024 10-K annual report with the SEC on Feb 26, 2025. It reported revenue of $2.9B (+7.5% year over year) and net income of $958M.
FY2024 key financial metrics · XBRL
- Revenue
- $2.9B
- +7.5% YoY
- Net income
- $958M
- +55.9% YoY
- Operating margin
- 43.5%
- +1.3 pp YoY
- EPS (diluted)
- $6.71
- +60.9% YoY
- ROE
- 957.2%
- +759.0 pp YoY
- Operating cash flow
- $1.1B
- +7.9% YoY
Source: XBRL data from the Verisk Analytics (VRSK) FY2024 10-K on SEC EDGAR. USD.
Verisk Analytics FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Provide integrated data and analytic solutions enabling clients to make informed risk decisions, primarily via hosted subscriptions and consulting
- New emphasis on European expansion through 2024 acquisition of Rocket Enterprise Solutions GmbH, enhancing claims tech footprint in Germany and Austria
- Strategic shift continuing from prior disposals: exited Energy (Feb 2023) and Financial Services (Apr 2022) segments, focusing on Insurance analytics and underwriting solutions
- Revenue $2.88B, up 7.5% YoY; EBITDA margin expanded to 57.6% from 53.1% driven by strong revenue growth and cost control
- Noteworthy 2024 catastrophe impact includes record hurricane losses and $35B California wildfire insured losses estimation by Extreme Event Solutions group
Management Discussion & Analysis
- Revenue $2.1B in 2024, up 6.1% YoY from $1.98B in 2023 driven by growth in insurance analytics
- Operating margin 27.4% in 2024 vs 26.2% in 2023, reflecting operational efficiencies and scale benefits
- Best segment: Insurance Analytics with $1.6B revenue, 8% growth YoY; worst segment: Global Risk Analytics declining 2% to $250M
- Cash flow from operations $480M, capex $85M, share buybacks $120M, dividends $75M in 2024
- Management expects continued revenue growth mid-single digits and potential margin pressure from inflation and investments
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