Verisk Analytics Q1 2024: Revenue Up, Net Income Slightly Down

Ticker: VRSK · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, revenue, net-income

TL;DR

Verisk Q1: Revenue $15.7M (+0.6%), Net Income $142.8M (-0.3%). Assets/Liabilities $2B.

AI Summary

Verisk Analytics, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported total assets of $2.0 billion and total liabilities of $2.0 billion. Revenue for the quarter was $15.7 million, a slight increase from $15.1 million in the prior year period. Net income attributable to Verisk Analytics was $142.8 million, down from $143.3 million year-over-year.

Why It Matters

This filing provides insight into Verisk Analytics' financial performance in early 2024, showing modest revenue growth but a slight dip in profitability, which could influence investor sentiment.

Risk Assessment

Risk Level: low — The filing indicates stable financial performance with minor fluctuations, suggesting low immediate risk.

Key Numbers

Key Players & Entities

FAQ

What was Verisk Analytics' total revenue for the first quarter of 2024?

Verisk Analytics reported total revenue of $15.7 million for the first quarter of 2024.

How did Verisk Analytics' net income in Q1 2024 compare to the same period last year?

Net income attributable to Verisk Analytics was $142,785,185 for Q1 2024, a slight decrease from $143,308,729 in the prior year period.

What were the company's total assets and liabilities as of March 31, 2024?

As of March 31, 2024, Verisk Analytics had total assets of $2,000,000,000 and total liabilities of $2,000,000,000.

Who is listed as the Chief Legal Officer for Verisk Analytics?

Kathlyn Card Beckles is listed as the Chief Legal Officer for Verisk Analytics.

What is the fiscal year end for Verisk Analytics?

Verisk Analytics' fiscal year ends on December 31.

From the Filing

0001437749-24-014064.txt : 20240501 0001437749-24-014064.hdr.sgml : 20240501 20240501071852 ACCESSION NUMBER: 0001437749-24-014064 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 88 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Verisk Analytics, Inc. CENTRAL INDEX KEY: 0001442145 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] ORGANIZATION NAME: 06 Technology IRS NUMBER: 262994223 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34480 FILM NUMBER: 24900049 BUSINESS ADDRESS: STREET 1: 545 WASHINGTON BOULEVARD CITY: JERSEY CITY STATE: NJ ZIP: 07310-1686 BUSINESS PHONE: 201-469-2000 MAIL ADDRESS: STREET 1: 545 WASHINGTON BOULEVARD CITY: JERSEY CITY STATE: NJ ZIP: 07310-1686 10-Q 1 vrsk20240331_10q.htm FORM 10-Q vrsk20240331_10q.htm 0001442145 Verisk Analytics, Inc. false --12-31 Q1 2024 15.7 15.1 0.001 0.001 2,000,000,000 2,000,000,000 544,003,038 544,003,038 142,785,185 143,308,729 401,217,853 400,694,609 0.0 1.1 892,273 278,561 27,819 55,959 50,998 6,390 10,902,788 631,334 27,771 85,922 67,807 8,184 1.8 1.0 0 99 2.1 0 3.625 3.625 9.5 9.6 4.125 4.125 7.4 7.8 4.00 4.00 1.4 1.8 5.500 5.500 3.8 3.8 5.750 5.750 8.6 8.9 2,850.0 2,000,000,000 0 0 10 3 1 4 4 3 40 60 0 Kathlyn Card Beckles Chief Legal Officer false false true March 14, 2024 June 12, 2026 13,689 false These accumulated other comprehensive loss components, before tax, are included under "Cost of revenues" and "Selling, general and administrative" in our accompanying condensed consolidated statements of operations. These components are also included in the computation of net periodic (benefit) cost (see Note 13. Pension and Postretirement Benefits for additional details). See Note 6. Acquisitions for more information. Includes estimated performance achievement Included in "Depreciation and amortization of fixed assets" in our accompanying condensed consolidated statements of operations Included in "Interest expense" in our accompanying condensed consolidated statements of operations Refer to Note 5. Leases Included in "Cost of revenues" and "Selling, general and administrative" expenses in our accompanying condensed consolidated statements of operations 0001442145 2024-01-01 2024-03-31 xbrli:shares 0001442145 2024-04-26 thunderdome:item iso4217:USD 0001442145 2024-03-31 0001442145 2023-12-31 iso4217:USD xbrli:shares 0001442145 2023-01-01 2023-03-31 0001442145 us-gaap:CommonStockMember 2023-12-31 0001442145 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001442145 us-gaap:TreasuryStockCommonMember 2023-12-31 0001442145 us-gaap:RetainedEarningsMember 2023-12-31 0001442145 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001442145 us-gaap:ParentMember 2023-12-31 0001442145 us-gaap:NoncontrollingInterestMember 2023-12-31 0001442145 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001442145 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001442145 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001442145 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001442145 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001442145 us-gaap:ParentMember 2024-01-01 2024-03-31 0001442145 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001442145 us-gaap:EmployeeStockOptionMember 2024-01-01 2024-03-31 0001442145 us-gaap:EmployeeStockOptionMember us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001442145 us-gaap:EmployeeStockOptionMember us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001442145 us-gaap:EmployeeStockOptionMember us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001442145 us-gaap:EmployeeStockOptionMember us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001442145 us-gaap:EmployeeStockOptionMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 00014

View on Read The Filing