Verisk Analytics, founded in 1971, is a leading provider of data analytics and software solutions for the insurance industry, focusing on underwriting, claims management, risk assessment, and fraud detection. The company’s proprietary data sets and software are difficult for competitors to replicate, with more than 80% of its revenue coming from recurring subscriptions and an EBITDA margin exceeding 50%.
The firm serves the top 100 U.S. property and casualty insurers and 18 of the top 25 global reinsurers, generating roughly $3.1 billion in revenue annually, which represents about 0.3% of total U.S. insurance premiums. While revenue growth has moderated to the 5‑6% range over the past year, the business remains highly profitable due to its scalable model, and client retention exceeds 95%.
Recent concerns about potential AI disruption and a temporary slowdown in growth have driven the stock down about 21% year‑to‑date and 34% over the last 12 months, pushing the valuation to approximately 15 times forward enterprise value to EBITDA—significantly lower than its historical 20‑25 times range. If growth reaccelerates, the stock could resume its prior multiple levels.