Slide 1: 3Q 2025 Earnings Presentation
3Q 2025 Earnings Presentation October 29, 2025
Slide 2: Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures
3Q 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 pending acqui
Slide 3: Key Takeaways
3Q 2025 Earnings Presentation Key Takeaways • Grew OCC revenue 5.5% Experienced an ~1% headwind from temporary factors including a historically low level of severe weather events Balanced growth in Underwriting and Claims • Drove 8.8% OCC adjusted EBITDA growth and expanded adjusted EBITDA margi
Slide 4: Financial Summary
3Q 2025 Earnings Presentation Financial Summary Revenue Adj EBITDA Adj EBITDA Margin Diluted Adj EPS Free Cash Flow $768M $429M 55.8% $1.72 $336M +5.5% (OCC) +8.8% (OCC) +60bps +3.0% +39.6% Underwriting Claims 81%Subscription 79% Transactional 2Q 2024 2Q 2023 +5.8% +5.0% +8.7% -8.8% OCC OCC OCC OCC
Slide 5: Financial Results
Financial Results
Slide 6: Financial Results
Financial Results Financial Results ($ in millions except per share amounts) 3Q25 3Q24 YoY Change OCC Growth Revenue $768M $725M 5.9% 5.5% Adjusted EBITDA 429 401 7.2% 8.8% 81% 79% Adjusted EBITDA Margin 55.8% 55.2% 2Q 202460 bps - 2Q 2023 Diluted GAAP EPS $1.61 $1.54 4.5% - Diluted Adj EPS $1.72 $1
Slide 7: Revenue Breakdown
Financial Results Revenue Breakdown ($ in millions) $753 $773 $768 $717 $725 $736 $704 $221 $223 $226 $206 $209 $218 $224 $498 $508 $507 $512 $532 81% $550 $542 79% 2Q 2024 2Q 2023 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Underwriting Claims Total OCC Growth Rates 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 17% 17
Slide 8: Subscription vs. Transactional Growth
Financial Results Subscription vs. Transactional Growth Organic Constant Currency (OCC) OCC Growth Subscription Transactional Total 3Q25 Highlights 3Q23 9.3% 10.2% 9.4% • Total revenue growth of 5.5% – Experienced an ~1% headwind from temporary factors 4Q23 7.3% 0.8% 6.0% including a historically lo
Slide 9: Adjusted EBITDA & Adjusted EBITDA Margin
Financial Results Adjusted EBITDA & Adjusted EBITDA Margin $ in million USD Adjusted EBITDA Total Adjusted EBITDA Margin 13.5% 10.6% 9.5% 9.7% 8.5% 7.2% 8.8% 57.6% 55.8% $445 55.4% 55.3% $429 55.2% $417 54.7% $397 $401 $398 55.6% 55.7% $380 54.0% 55.0% 54.6% 54.3% 53.9% 54.1% 1Q24 2Q24 3Q24 4Q24 1Q2
Slide 10: 2025 Outlook
Financial Results 2025 Outlook Original Updated Metric February 2025 July 2025(2) October 2025 Total Revenue $3,030 – $3,080M $3,090 – $3,130M $3,050 – $3,080M OCC % 6.0% – 8.0% 6.0% – 8.0% 6.0% – 8.0% Adjusted EBITDA $1,670 – $1,720M $1,700 – $1,740M $1,690 – $1,720M Adjusted EBITDA margin 55.0% –
Slide 11: Cash Flow and Capital
Cash Flow and Capital
Slide 12: Recent Capital Actions
Cash Flow and Capital Recent Capital Actions • Issued $750M of 4.5% senior notes in August due 2030 • Issued $750 of 5.125% senior notes in August due 2036 • Increased revolver to $1.25B and extended maturity to 2030 • Repurchased $100M of shares in 3Q25 • Paid dividend of $0.45 a share in 3Q25, tot
Slide 13: Capital Structure
Cash Flow and Capital Capital Structure as of $1,400M (in $ millions) Sept 30, 2025 Bonds $4,750M $1,200M Revolver Drawn *$XXXM- $1,000M Total Debt1 $4,750M $800M Debt/EBITDA2 2.8x $600M $400M Investment Grade Ratings Moody’s Baa1 $200M S&P BBB $0M 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2
Slide 14: Commitment to Returning Capital
Cash Flow and Capital Commitment to Returning Capital Dividends & Share Buybacks since Dividend Initiation Dividends Share Repurchase Dividend YoY Payout Share % of Shares Year Per Share1 Growth (%) Ratio2 (%) Year Repurchase ($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 3Q24 3Q25 Net cash provided by operating activities1,2 $1,061M $1,144M $296M $404M Capital expenditures (230)M (224)M (56)M (67)M Free cash flow (FCF) 831M 920M 241M 336M Acquisitions and divestitures3 2,981M 95M (1)M (164)M Net d
Slide 16: Appendix: Supplemental Slides and/or Non-GAAP Reconciliations
Appendix: Supplemental Slides and/or Non-GAAP Reconciliations
Slide 17: 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 18: 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 19: 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 20: 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 21: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations Segment Results and EBITDA | Current and Prior-Year Period Segment Results Summary and 3Q25 3Q24 Adjusted EBITDA Reconciliation Revenues $768.3M $725.3M Revenues from acquisitions and dispositions (5.4) (4.8) Organic revenues 762.9 720.5 EBITDA 426.6 393.8 Acquisiti
Slide 22: 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 3Q25 3Q24 Net income $225.5M $220.0M plus: Amortization of intangibles 18.3 18.3 less: Income tax effect on amortization of intangibles (4.7) (4.8) less: Acquisiti
Slide 23: 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 24: 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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