Verisk Analytics said its first-quarter performance reflected steady demand for its core subscription products even as transactional activity softened, with revenue rising to about $783 million and subscription sales up 7% on an organic constant-currency basis. According to the company’s earnings materials and call transcript, that recurring business now accounts for 84% of total revenue, helping offset weaker volumes in weather-related and other transactional lines.

Management said the softer quarter was shaped by a combination of unusually low weather activity, difficult comparisons with last year’s strong renewals and a temporary disruption to a federal contract, which weighed on claims and property-restoration volumes. Even so, Verisk reported organic constant-currency revenue growth of 4.7% and adjusted EBITDA growth of 5.9%, with margin expansion showing that the business continued to convert revenue into profit efficiently.

The company is also trying to position itself for a broader shift in insurance, where executives say the market is moving from a narrow focus on underwriting discipline towards growth, helped by capital levels that remain near record highs. Verisk is centring that effort on its "Core Lines Reimagine" initiative, which uses digitised data and artificial intelligence to improve productivity and sharpen risk segmentation, while moving beyond being a data supplier to acting as a partner in clients’ own AI development.

That strategy is already filtering into products such as Digital Media Forensics and enhanced aerial-imagery analytics, which the company says are drawing strong interest from large carriers and generating a growing pipeline of trials and proofs of concept. Verisk also reaffirmed its full-year 2026 outlook and underscored its confidence in cash returns by announcing a $1.5 billion accelerated share repurchase programme, alongside additional buybacks and a dividend increase.

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Source: Noah Wire Services