Verisk Analytics, a data analytics and technology provider, reported a 6.8% growth in underwriting revenues for the first quarter of 2025, with an even stronger increase of 7.2% on an organic constant currency (OCC) basis.
Underwriting revenue in the quarter jumped from $498 million to $532 million, while claims increased to $221 million from $206 million, reflecting growth of 7.5%.
All in all, Verisk’s insurance revenue climbed 7% to $753 million for Q1 2025, compared with $704 million in Q1 2024.
The company reported operating leverage and cost discipline as contributing factors to its 9.5% increase in adjusted EBITDA, both on a reported and OCC basis.
Verisk reported net income of $232 million, up 5.9% year-over-year. The growth in net income was partially attributed to Verisk’s investment income and strong free cash flow, which grew by 23.3% to $391 million in the first quarter.
The company also noted its solid cash flow performance, with net cash from operating activities increasing by 19.5% year-over-year. This solid cash generation allowed Verisk to continue its capital return strategy, returning more than $250 million to shareholders through dividends and share repurchases.
Lee Shavel, President and CEO, Verisk, said: “I am pleased to share that 2025 is off to a solid start at Verisk as we delivered broad-based top line growth across underwriting and claims and healthy profit growth.
“In an increasingly uncertain risk environment, we are keenly focused on supporting our clients with more insights and solutions that drive efficiency and automation to improve their operations. We continue to build on our role as a key strategic partner for the industry, investing in invention and innovation that moves the industry forward and creates long term value for clients and shareholders alike.”
Elizabeth Mann, CFO, Verisk, added: “Verisk delivered organic constant currency revenue growth of 7.9% and organic constant currency adjusted EBITDA growth of 9.5% in the first quarter of 2025.
“We returned over $250 million to shareholders through dividends and repurchases while continuing to invest in our business, demonstrating confidence in our resilient business model and the strength of our balance sheet. To that end, we are reiterating our financial guidance for 2025.”
