How Does Verisk Analytics Make its Money?
Verisk Analytics is a data analytics and technology company serving the global insurance industry. The company provides data, analytics, and advisory services that help insurers price risk, detect fraud, manage claims, and comply with regulations. Verisk’s databases — built over decades — contain insurance industry data that is virtually impossible to replicate, giving the company an exceptionally strong competitive moat. After divesting its energy and financial services divisions, Verisk is now a pure-play insurance analytics company with high margins and recurring subscription revenue.
Verisk Analytics (VRSK) Business Model
Verisk Analytics operates in the technology sector. Below is a summary of Verisk Analytics’ revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from Verisk Analytics’ 2024 fiscal year filings with the SEC.
Verisk Analytics Competitors
Verisk Analytics’s key competitors and comparable public companies in the technology sector include Sp Global, Moodys, Progressive, and Chubb. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Verisk Analytics stacks up by comparing their revenue breakdown, margins, and growth metrics.
Verisk Analytics Competitors
Verisk Analytics’s key competitors and comparable public companies in the technology sector include Sp Global, Moodys, Progressive, and Chubb. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Verisk Analytics stacks up by comparing their revenue breakdown, margins, and growth metrics.
Verisk Analytics Competitors
Verisk Analytics’s key competitors and comparable public companies in the technology sector include Sp Global, Moodys, Progressive, and Chubb. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Verisk Analytics stacks up by comparing their revenue breakdown, margins, and growth metrics.
Verisk Analytics Competitors
Verisk Analytics’s key competitors and comparable public companies in the technology sector include Sp Global, Moodys, Progressive, and Chubb. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Verisk Analytics stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | 2024 | 2023 | YoY Growth |
|---|---|---|---|
| Insurance Underwriting & Rating Solutions | $1,900 | $1,700 | +11.8% |
| Insurance Claims Analytics | $700 | $650 | +7.7% |
| Specialty Business Solutions | $300 | $280 | +7.1% |
| Total Revenue | $2,900 | $2,700 | +7.4% |
Insurance Underwriting & Rating Solutions — 66% of Revenue
Insurance Claims Analytics — 24% of Revenue
Specialty Business Solutions — 10% of Revenue
Income Statement Overview
| Metric | 2024 | 2023 |
|---|---|---|
| Total Revenue | $2,900 | $2,700 |
| Cost of Revenue | $900 | $850 |
| Gross Profit | $2,000 | $1,850 |
| Operating Expenses | $600 | $550 |
| Operating Income | $1,400 | $1,300 |
| Net Income | $900 | $850 |
All values in millions USD unless otherwise stated.
Key Financial Metrics
- Gross Margin: 69.0%
- Operating Margin: 48.3%
- Revenue Growth: 7.4%
Is Verisk Analytics Profitable?
Yes, Verisk Analytics is profitable. The company reported net income of $900 on total revenue of $2,900. With an operating margin of 48.3%, Verisk Analytics demonstrates solid profitability for the technology sector. The gross margin of 69.0% reflects Verisk Analytics’ pricing power and cost structure.
What to Watch
- Subscription revenue growth from new analytics products and AI-enhanced solutions
- International expansion beyond the historically US-focused insurance database
- Climate risk analytics demand as insurers reprice catastrophe exposure
- Cross-selling advanced analytics to the existing installed base of 20,000+ insurance customers
Verisk Analytics (VRSK) Financial Summary
Verisk Analytics (VRSK) is a technology company that generated $2,900 in total revenue in fiscal year 2024. Revenue grew 7.4% year-over-year. The company earned $900 in net income, making it profitable. For a deeper look at Verisk Analytics’ revenue breakdown, business segments, and financial performance, review the detailed analysis above.