Verisk Analytics Q3 2024: Revenue $2B, Net Income $402.6M

TL;DR

**Verisk Q3: $2B Revenue, $402.6M Profit. Solid numbers.**

AI Summary

Verisk Analytics, Inc. reported its Q3 2024 results, with total revenues of $2.00 billion and net income of $402.6 million for the nine months ended September 30, 2024. The company's diluted earnings per share were $1.65. As of September 30, 2024, Verisk had total assets of $5.64 billion and total liabilities of $2.90 billion.

Why It Matters

This filing provides insight into Verisk's financial performance and stability, impacting investor confidence and potential future business strategies.

Risk Assessment

Risk Level: low — The filing presents standard financial reporting for a public company with no immediate red flags.

Key Numbers

• $2.00B — Total Revenues (For the nine months ended September 30, 2024)
• $402.6M — Net Income (For the nine months ended September 30, 2024)
• $1.65 — Diluted EPS (For the nine months ended September 30, 2024)
• $5.64B — Total Assets (As of September 30, 2024)
• $2.90B — Total Liabilities (As of September 30, 2024)

Key Players & Entities

• Verisk Analytics, Inc. (company) — Filer
• Bruce Hansen (person) — Director and Independent Board Chair
• $2.00 billion (dollar_amount) — Total revenues for nine months ended Sep 30, 2024
• $402.6 million (dollar_amount) — Net income for nine months ended Sep 30, 2024
• $1.65 (dollar_amount) — Diluted earnings per share for nine months ended Sep 30, 2024
• $5.64 billion (dollar_amount) — Total assets as of Sep 30, 2024
• $2.90 billion (dollar_amount) — Total liabilities as of Sep 30, 2024

FAQ

From the Filing

0001437749-24-032536.txt : 20241030 0001437749-24-032536.hdr.sgml : 20241030 20241030071853 ACCESSION NUMBER: 0001437749-24-032536 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 88 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241030 DATE AS OF CHANGE: 20241030 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: 241407443 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 vrsk20240930_10q.htm FORM 10-Q vrsk20240930_10q.htm 0001442145 Verisk Analytics, Inc. false --12-31 Q3 2024 22.2 15.1 0.001 0.001 2,000,000,000 2,000,000,000 544,003,038 544,003,038 141,396,745 143,308,729 402,606,293 400,694,309 0.0 0.0 0.0 0.2 1,371,626 300,026 2,089 1,652 5,642 208,422 175,154 1,506 952 5,714 2,895,946 873,272 27,819 65,351 54,629 17,520 11,111,210 1,224,259 27,771 101,292 76,118 22,006 0.0 0.0 1.8 8.0 0 99 1.2 0 2.1 7.6 0 0 4.000 0.5 4.000 1.8 4.125 4.125 6.6 7.8 5.500 5.500 3.7 3.8 3.625 3.625 9.3 9.6 5.750 5.750 8.1 8.9 5.250 14.6 2,000,000,000 0 0 0.39 0.39 0.39 271.54 10 3 1 4 4 3 40 60 0 Bruce Hansen director and Independent Board Chair true August 19, 2024 4,716 false false 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 Refer to Note 11. Stockholders' Equity for discussion related to quarterly cash dividends declared per share Included in "Cost of revenues" and "Selling, general and administrative" expenses in our accompanying condensed consolidated statements of operations 0001442145 2024-01-01 2024-09-30 xbrli:shares 0001442145 2024-10-25 thunderdome:item iso4217:USD 0001442145 2024-09-30 0001442145 2023-12-31 iso4217:USD xbrli:shares 0001442145 2024-07-01 2024-09-30 0001442145 2023-07-01 2023-09-30 0001442145 2023-01-01 2023-09-30 0001442145 us-gaap:CommonStockMember 2024-06-30 0001442145 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001442145 us-gaap:TreasuryStockCommonMember 2024-06-30 0001442145 us-gaap:RetainedEarningsMember 2024-06-30 0001442145 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001442145 us-gaap:ParentMember 2024-06-30 0001442145 us-gaap:NoncontrollingInterestMember 2024-06-30 0001442145 2024-06-30 0001442145 us-gaap:CommonStockMember 2024-07-01 2024-09-30 0001442145 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0001442145 us-gaap:TreasuryStockCommonMember 2024-07-01 2024-09-30 0001442145 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0001442145 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0001442145 us-gaap:ParentMember 2024-07-01 2024-09-30 0001442145 us-gaap:NoncontrollingInterestMember 2024-07-01 2024-09-30 0001442145 us-gaap:PerformanceSharesMember 2024-07-01 2024-09-30 0001442145 us-gaap:EmployeeStockOptionMember 2024-07-01 2024-09-30 0001442145 us-gaap:EmployeeStockOptionMember us-gaap:CommonStockMember 2024-07-01 2024-09-30 0001442145 us-gaap:EmployeeStockOption