Verisk Delivers Strong Q4 Results, Showcasing Predictable Growth Trajectory
Verisk, a leading data analytics and risk assessment company, has reported strong fourth quarter results, further solidifying its position as a leader in the industry. In its recent conference call transcript, Verisk highlighted several key highlights from the quarter, showcasing the company's commitment to predictable growth and innovation.
The company delivered 11% subscription growth and solid margin expansion, resulting in double-digit profit growth. This achievement underscores Verisk's ability to drive value for its clients while maintaining a strong financial performance. Organic constant currency revenue growth of 8.6% was also reported, representing a sequential improvement from the third quarter.
Verisk's President and Chief Executive Officer, Lee Shavel, attributed the company's success to three key initiatives: enhancing the go-to-market approach, elevating and intensifying strategic dialogue with clients, and investing in innovation at scale on behalf of the industry. These efforts have yielded positive results, including strong momentum throughout the year and a predictable growth trajectory.
One notable example of Verisk's innovative approach is its Extreme Events business, where the company has introduced global next-generation models. This initiative has led to strong value-based price realization and extended contract durations, demonstrating the effectiveness of Verisk's client-centric strategies.
In addition to these achievements, Verisk reported a 7.1% organic constant currency revenue growth for 2024, accompanied by a 9.9% adjusted EBITDA growth and 120 basis points of margin expansion. This translates into 16% EPS growth, further solidifying the company's position as a leader in the industry.
Elizabeth Mann, Chief Financial Officer, will provide the financial details in her review, but these results are a testament to Verisk's commitment to delivering strong performance and innovation. The company's ability to drive value for its clients while maintaining a strong financial performance is a key differentiator in the industry.
As Verisk looks to 2025, the company remains focused on advancing its three key initiatives. Sales teams are energized as they identify further areas for improvement, including cross-business-unit sales collaboration opportunities. With this momentum and commitment to innovation, Verisk is well-positioned to continue delivering strong results in the coming year.
