Slide 1: 4Q 2024 Earnings Presentation
4Q 2024 Earnings Presentation February 26, 2025 ©Verisk Analytics, Inc. All rights reserved. 1
Slide 2: Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures
4Q 2024 Earnings Presentation Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures Forward-Looking Statements This release contains forward-looking statements about Verisk’s future performance, including those related to our financial guidance. These statements relate to future e
Slide 3: Business and Financial Highlights – 4Q24
4Q 2024 Earnings Presentation Business and Financial Highlights – 4Q24 • Organic constant currency (OCC) revenue grew 8.6%, with 7.0% growth in Underwriting and 12.7% growth in Claims. • OCC subscription revenue grew 11.0%, with broad-based growth across most of our businesses including Forms, Rules
Slide 4: Business and Financial Highlights – FY24
4Q 2024 Earnings Presentation Business and Financial Highlights – FY24 • Organic constant currency (OCC) revenue grew 7.1%, with 6.8% growth in Underwriting and 7.7% growth in Claims. • OCC subscription revenue grew 9.1%, with broad-based growth across most of our businesses including Forms, Rules a
Slide 5: Financial Results
Financial Results ©Verisk Analytics, Inc. All rights reserved. 5
Slide 6: Financial Summary
4Q 2024 Earnings Presentation Financial Summary Subscription/Long-Term Revenue Three Months ended Dec 31, 2024 2023 % change Revenue $736M $677M 8.6% 82% 80% Income from Cont. Ops 204 182 11.6 4Q 2024 4Q 2023 Adjusted net income 228 204 11.6 Adjusted EBITDA 398 362 9.9 International Revenue Adjusted
Slide 7: 2024 Revenue Contribution
4Q 2024 Earnings Presentation 2024 Revenue Contribution Extreme Event Solutions 2 13% 1 Specialty Business Solutions New Growth Vectors 9% 4% Property Estimating Solutions Underwriting Data 15% Analytics Solutions 13% $2.9B revenue Anti-Fraud Underwriting 9% Claims 70% Casualty 3% 30% Forms, Rules,
Slide 8: Subscription vs. Transactional Growth – Insurance Only
4Q 2024 Earnings Presentation Subscription vs. Transactional Growth – Insurance Only Organic Constant Currency (OCC) OCC Growth Subscription Transactional Total 4Q24 Highlights FY22 6.9% 4.5% 6.5% • Subscription revenue growth of 11.0% reflects: 1Q23 8.7% 14.4% 9.8% – Strong price realization and re
Slide 9: Insurance Performance - Pro Forma
4Q 2024 Earnings Presentation Insurance Performance1 - Pro Forma $ in million USD Revenue (Pro Forma) FY Revenue & Adjusted EBITDA (Pro Forma) 9.8% 9.8% 9.4% 8.6% 6.0% 6.9% 6.0% 6.8% OCC Revenue growth: 8.7% OCC Revenue growth: 7.1% OCC Adj. EBITDA growth: 11.5% OCC Adj. EBITDA growth: 9.9% Adj. EBI
Slide 10: Underwriting – Revenue
4Q 2024 Earnings Presentation Underwriting – Revenue Industry-leading data analytics and insights Underwriting Solutions Extreme Event Solutions Life Specialty Business Marketing International (incl. Forms, Rules, and Loss Costs Catastrophe and extreme Power for simplified Solutions Identity resolut
Slide 11: Claims – Revenue
4Q 2024 Earnings Presentation Claims – Revenue Industry-leading data analytics and insights Property Estimating Solutions Anti-Fraud Solutions Casualty Solutions International Loss quantification and repair cost Broad claims compliance solutions and A growing, global array of data and Unmatched indu
Slide 12: Cash Flow and Capital
Cash Flow and Capital ©Verisk Analytics, Inc. All rights reserved. 12
Slide 13: Cash Flow Utilization
4Q 2024 Earnings Presentation Cash Flow Utilization (in $ millions) 2023 2024 4Q23 4Q24 Net cash provided by operating activities1,2 $1,061M $1,144M $252M $255M Capital expenditures (230)M (224)M (56)M (55)M Free cash flow (FCF) 831M 920M 196M 200M Acquisitions and divestitures3 2,981M 95M (1)M 7M N
Slide 14: Capital Structure
4Q 2024 Earnings Presentation Capital Structure as of (in $ millions) Dec. 31, 2024 $1,000 Bonds $3,050M Revolver Drawn - Total Debt1 $3,050M $600 $600 $500 $500 $500 Debt/EBITDA2 1.9x $350 Investment Grade Ratings S&P BBB Moody’s Baa1 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2044 2045
Slide 15: Capital Expenditures – Insurance Only
4Q 2024 Earnings Presentation Capital Expenditures – Insurance Only $224M $224M $58M $200M $56M $55M $58M $55M $55M $55M $54M 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 2022 2023 2024 ©Verisk Analytics, Inc. All rights reserved. 15
Slide 16: Capital Return
4Q 2024 Earnings Presentation Capital Return Dividend per Share $3,500 Share Repurchases 8.7% $3,000 9.6% $1.56 CAGR $2,800 $2,500 $1.36 5.3% $1.24 $1.16 $2,000 $1.08 $1,663 2.8% $1,500 1.5% 1.3% $1,000 $1,050 $0.45 $500 $475 $349 $- 2020 2021 2022 2023 2024 1 2020 2021 2022 2023 2024 1Q25 Share rep
Slide 17: 2025 Outlook
4Q 2024 Earnings Presentation 2025 Outlook 2025 Metric 2024 Guidance Total Revenue $2,882M $3,030 – $3,080M OCC % 6.0% – 8.0% Adjusted EBITDA $1,576M $1,670 – $1,720M Adjusted EBITDA margin 54.7% 55.0% – 55.8% Diluted Adjusted EPS $6.64 $6.80 – $7.10 Tax rate 22.6% 23% – 25% Capex $224M $245 – $265M
Slide 18: Capital Management Philosophy
4Q 2024 Earnings Presentation Capital Management Philosophy Focused on value creation and delivering ROIC • Understand and optimize operating capital generation. • Identify internal and external investment opportunities. • Compare estimated returns on invested capital relative to risk-weighted WACC.
Slide 19: Appendix: Supplemental Slides and/or Non-GAAP Reconciliations
Appendix: Supplemental Slides and/or Non-GAAP Reconciliations ©Verisk Analytics, Inc. All rights reserved. 19
Slide 20: Non-GAAP Reconciliations
4Q 2024 Earnings Presentation Non-GAAP Reconciliations Specified Metrics We have provided certain non-GAAP financial information as supplemental information regarding our operating results. These measures are not in accordance with, or an alternative for, U.S. GAAP and may be different from non-GAAP
Slide 21: Non-GAAP Reconciliations
4Q 2024 Earnings Presentation Non-GAAP Reconciliations Segment Results and EBITDA | Current and Prior-Year Period Segment Results Summary and 4Q24 4Q23 Adjusted EBITDA Reconciliation Revenues $735.6M $677.2M Revenues from acquisitions and dispositions (3.7) (4.4) Organic revenues 731.9 672.8 EBITDA
Slide 22: Non-GAAP Reconciliations
4Q 2024 Earnings Presentation Non-GAAP Reconciliations Adjusted Net Income/EPS and Free Cash Flow | Current and Prior-Year Period Adjusted Net Income and EPS 4Q24 4Q23 Net income $210.3M $173.8M less: (Income) loss from discontinued operations (6.8) 8.5 Income from continuing operations 203.5 182.3
Slide 23: Non-GAAP Reconciliations
4Q 2024 Earnings Presentation Non-GAAP Reconciliations Segment Results and EBITDA Segment Results Summary and Adjusted EBITDA Reconciliation FY24 FY23 Revenues $2,881.7M $2,681.4M Revenues from acquisitions and dispositions (16.5) (9.1) Organic revenues 2,865.2 2,672.3 EBITDA 1,659.1 1,424.1 Acquisi
Slide 24: Non-GAAP Reconciliations
4Q 2024 Earnings Presentation Non-GAAP Reconciliations Adjusted Net Income/EPS and Free Cash Flow | Current and Prior-Year Period Adjusted Net Income and EPS FY24 FY23 Net income $957.5M $614.4M less: (Income) loss from discontinued operations (6.8) 154.0 Income from continuing operations 950.7 768.
Slide 25: ©Verisk ©Verisk Analytics, Analytics, Inc.
©Verisk ©Verisk Analytics, Analytics, Inc. Inc. All All rights rights reserved. reserved. 25