Verisk Analytics' Profitability Gains From Direct Premium Growth [Yahoo! Finance]
Verisk Analytics, Inc. (VRSK)
Last verisk analytics, inc. earnings: 2/18 04:30 pm
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US:NASDAQ Investor Relations:
investor.verisk.com/overview/default.aspx
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Source: Yahoo! Finance
Image Source: Zacks Investment Research VRSK has reported impressive third-quarter 2024 results. Adjusted earnings (excluding 13 cents from non-recurring items) were $1.7 per share, surpassing the Zacks Consensus Estimate by 4.4% and growing 9.9% from the year-ago quarter. Total revenues of $725.3 million beat the consensus estimate marginally and increased 7% on a year-over-year basis. Like any insurance company, VRSK's profitability gains from direct premium growth. Growth in P&C insurers' direct written premiums has been cyclical, with total industry premium growth falling from 14.8% in 2002 to a negative 3.1% in 2009. It did recover to 5.1% in 2019, even though the pandemic moderated this rise to 2.3% in 2020. Despite the challenges tackled during COVID, direct premium growth rose to 9.5% in 2021 and then to 9.7% in 2022 and 10.1% in 2023. We anticipate the trend will continue since there has been a remarkable recovery post pandemic, which will benefit Verisk Analytics. Acq
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VRSK
News
- ThoughtSpot Appoints Francois Lopitaux to Lead ThoughtSpot Embedded and Emerging Technologies to Scale AI-Powered Analytics [Yahoo! Finance]Yahoo! Finance
- D.A. Davidson Acts as Exclusive Financial Advisor to Verisk on its Sale of AER to JANUS Research GroupBusiness Wire
- California has sweeping new rules for home insurance. What to know [Los Angeles Times (CA)]Los Angeles Times
- California issues landmark rules to improve home insurance market [Los Angeles Times (CA)]Los Angeles Times
- Verisk Analytics, Inc. (NASDAQ: VRSK) had its price target raised by analysts at Morgan Stanley from $283.00 to $300.00. They now have an "equal weight" rating on the stock.MarketBeat
VRSK
Earnings
- 10/30/24 - Beat
VRSK
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 144
- 11/18/24 - Form 4
- VRSK's page on the SEC website