Slide 1: 2Q 2025 Earnings Presentation
2Q 2025 Earnings Presentation July 30, 2025
Slide 2: Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures
2Q 2025 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 and recently announced closed and pe
Slide 3: Key Takeaways
2Q 2025 Earnings Presentation Key Takeaways • Delivered strong second quarter results, driven by robust subscription revenue growth with balanced contributions from Underwriting & Claims • Expanded Adjusted EBITDA margins while continuing to invest back into the business • Announced pending acquisit
Slide 4: Financial Summary
2Q 2025 Earnings Presentation Financial Summary Revenue Adj EBITDA Adj EBITDA Margin Diluted Adj EPS Free Cash Flow $773M $445M 57.6% $1.88 $189M +7.9% (OCC) +9.7% (OCC) +220bps +8.0% +22.6% Underwriting Claims 81%Subscription 79% Transactional 2Q 2024 2Q 2023 +7.7% +8.3% +9.3% +1.8% OCC OCC OCC OCC
Slide 5: Financial Results
Financial Results
Slide 6: Financial Results
Financial Results Financial Results ($ in millions except per share amounts) 2Q25 2Q24 YoY Change OCC Growth Revenue $773M $717M 7.8% 7.9% Adjusted EBITDA 445 397 11.9% 9.7% 81% 79% Adjusted EBITDA Margin 57.6% 55.4% 220 bps 2Q 2024 - 2Q 2023 Diluted GAAP EPS $1.81 $2.15 (15.8)% - Diluted Adj EPS $1
Slide 7: Revenue Breakdown
Financial Results Revenue Breakdown ($ in millions) $753 $773 $717 $725 $736 $704 $221 $223 $206 $209 $218 $224 $508 $512 $532 $550 79% $498 $507 81% 2Q 2024 2Q 2023 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Underwriting Claims Total OCC Growth Rates 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 17% 17% Underwriting 7.8% 6.0%
Slide 8: Subscription vs. Transactional Growth
Financial Results Subscription vs. Transactional Growth Organic Constant Currency (OCC) OCC Growth Subscription Transactional Total 2Q25 Highlights 1Q23 8.7% 14.4% 9.8% 2Q23 9.1% 12.4% 9.8% • Subscription revenue growth of 9.3% – Strong renewals and new sales in Forms, Rules, and Loss 3Q23 9.3% 10.2
Slide 9: EBITDA & EBITDA Margin
Financial Results EBITDA & EBITDA Margin $ in million USD Adjusted EBITDA (Pro Forma) Total Adjusted EBITDA Margin (Pro Forma) 13.5% 10.6% 9.5% 9.7% 8.5% 7.2% 57.6% $445 55.4% 55.2% 55.3% $417 54.7% $397 $401 $398 55.6% $380 54.0% 55.0% 54.6% 54.3% 54.1% 53.9% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 1Q24 2Q24
Slide 10: 2025 Outlook
Financial Results 2025 Outlook Metric Original Guidance Updated Guidance Total Revenue $3,030 – $3,080M $3,090 – $3,130M OCC % 6.0% – 8.0% 6.0% – 8.0% Adjusted EBITDA $1,670 – $1,720M $1,700 – $1,740M Adjusted EBITDA margin 55.0% – 55.8% 55.0% – 55.8% 81% 2Q 2024 2Q 2023 Diluted Adjusted EPS $6.80 –
Slide 11: Cash Flow and Capital
Cash Flow and Capital
Slide 12: Recent Capital Actions
Cash Flow and Capital Recent Capital Actions • Retired $500M of 4.0% senior notes in April • Repurchased $100M of shares through an ASR in 2Q25 • Paid dividend of $0.45 a share in 2Q25, totaling $63M • Acquired SuranceBay for $163M to expand Life & Annuity offerings • Signed definitive agreement to
Slide 13: Capital Structure
Cash Flow and Capital Capital Structure as of $1,200M (in $ millions) June 30, 2025 Bonds $3,250M $1,000M Revolver Drawn *$500M- Total Debt1 $3,250M $800M Debt/EBITDA2 2.0x $600M $400M Investment Grade Ratings $200M Moody’s Baa1 S&P BBB $0M 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
Slide 14: Commitment to Returning Capital
Cash Flow and Capital Commitment to Returning Capital Dividends & Share Buybacks since Dividend Initiation Dividends Share Repurchase Dividend YoY Payout Share % of Shares Year Per Share1 Growth (%) Ratio2 (%) Year Repurchase ($M) Outstanding Free Cash Flow 2019 $1.00 --%%% 23%%% 2019 $300MM 1.3%%%
Slide 15: Cash Flow Utilization
Cash Flow and Capital Cash Flow Utilization (in $ millions) 2023 2024 2Q24 2Q25 Net cash provided by operating activities1,2 $1,061M $1,144M $212M $245M Capital expenditures (230)M (224)M (58)M (56)M Free cash flow (FCF) 831M 920M 154M 189M Acquisitions and divestitures3 2,981M 95M 114M (25)M Net de
Slide 16: Pending Acquisition of AccuLynx
Pending Acquisition of AccuLynx
Slide 17: Strategic Rationale
AccuLynx Strategic Rationale Mission-critical SaaS platform with natural fit and highly 1 complementary to Verisk’s Property Estimating Solutions business Strengthen PES network effects by extending contractor capabilities 2 for tighter workflows and insurance ecosystem efficiencies Differentiated a
Slide 18: Highly Complementary to Verisk's Property Estimating Solutions
AccuLynx Highly Complementary to Verisk’s Property Estimating Solutions • AccuLynx will sit within Verisk’s Claims segment alongside Property Estimating Solutions • Mutual enhancement of network effects: o Remove manual work and improve information flow between carriers and contractors Property Esti
Slide 19: AccuLynx is the Leading End-to-End Business Management Software Platform
AccuLynx AccuLynx is the Leading End-to-End Business Management Software Platform for Residential Property Restoration Industry • Spans the entire roofing job lifecycle, from initial lead to project close, serving as “system of record” for contractors to manage operations and grow profitability ~$2b
Slide 20: Verisk Property Estimating Solutions + AccuLynx Deepen Relationships
AccuLynx Verisk Property Estimating Solutions + AccuLynx Deepen Relationships and Create Value Across the Insurance Restoration Ecosystem Added Value to All Participants: • Tighter integration of workflow Insurers Contractors • Richer and wider high-fidelity data + Added Value to Carriers: • Contrac
Slide 21: Critical Residential Roofing Data Enhancing Verisk's Value Proposition
AccuLynx Critical Residential Roofing Data Enhancing Verisk’s Value Proposition to Insurance Claims Network Partners Price of Roof Age of Roof Labor Costs Replacement Cycle Materials Materials Geographic Roof Type Type Cost Data 1 Insurers 2 Contractors 3 Policy Holders • Higher productivity through
Slide 22: Transaction Overview
AccuLynx Transaction Overview Transaction Summary • $2.35bn enterprise value • 100% cash consideration • Fully committed debt financing in place Financing • Anticipate ~3.0x LTM gross leverage at closing • Management intends to delever to the middle of the target range over the next 18 months • Accr
Slide 23: Closed Acquisition of SuranceBay
Closed Acquisition of SuranceBay
Slide 24: Strategic Rationale
SuranceBay Strategic Rationale Establishes Verisk Life’s presence in the life & annuity agent / 1 distribution channel and signals Verisk’s commitment to investing in industry solutions Enhances Verisk Life’s existing distribution management system, 2 creating a more comprehensive solution for clien
Slide 25: SuranceBay Expands Verisk's Life & Annuity Offerings
SuranceBay SuranceBay Expands Verisk’s Life & Annuity Offerings Near-Term Analytic Recruit Opportunity Monitor Existing SuranceBay Data & Existing SuranceBay License Activities Capabilities Verisk Life Data Capabilities (Distribution (Producer onboarding comp, policy & performance) compliance) + Seg
Slide 26: Appendix: Supplemental Slides and/or Non-GAAP Reconciliations
Appendix: Supplemental Slides and/or Non-GAAP Reconciliations
Slide 27: 2024 Revenue Contribution
Appendix 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, and Loss Costs Claims
Slide 28: Business Unit Description
Appendix Business Unit Description Underwriting Forms, Rules and Loss Costs Underwriting Data Extreme Event Solutions New Growth Vectors Specialty Business Industry-standard insurance Analytics Solutions Catastrophe and extreme (incl. Life, Marketing, and UWS Solutions programs, providing policy Pro
Slide 29: Revenue & Adjusted EBITDA
Appendix Revenue & Adjusted EBITDA $ in million USD OCC Revenue Growth 6.5% OCC Revenue Growth 8.7% OCC Revenue Growth 7.1% OCC Adj. EBITDA growth: 8.0% OCC Adj. EBITDA growth: 11.5% OCC Adj. EBITDA growth: 9.9% Adj. EBITDA Margin: 52.0% Adj. EBITDA Margin: 53.5% Adj. EBITDA Margin: 54.7% $2,882 $2,
Slide 30: Non-GAAP Reconciliations
Appendix 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 measures reported by
Slide 31: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations Segment Results and EBITDA | Current and Prior-Year Period Segment Results Summary and 2Q25 2Q24 Adjusted EBITDA Reconciliation Revenues $772.6M $716.8M Revenues from acquisitions and dispositions (0.8) (4.6) Organic revenues 771.8 712.2 EBITDA 445.7 499.3 Acquisiti
Slide 32: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations Adjusted Net Income/EPS and Free Cash Flow | Current and Prior-Year Period Adjusted Net Income and EPS 2Q25 2Q24 Net income $253.3M $307.8M plus: Amortization of intangibles 16.3 18.2 less: Income tax effect on amortization of intangibles (4.2) (4.7) less: Acquisiti
Slide 33: Non-GAAP Reconciliations
Appendix 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 Acquisition-related costs (e
Slide 34: Non-GAAP Reconciliations
Appendix 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 950.7 768.4 plus: Amortization
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