VRSK - Why Is Verisk Analytics Stock Trading Lower Today? | Benzinga
Verisk Analytics, Inc. (NASDAQ:VRSK) shares are trading lower after it reported fourth-quarter FY23 earnings results.
Revenues rose 7.4% Y/Y and 6.0% Y/Y on an organic constant currency (OCC) basis to $677.2 million, beating the consensus of $672.2 million.
Revenue benefitted from strong growth in underwriting and more moderate growth in claims.
Underwriting revenues grew 7.8% Y/Y and 7.3% Y/Y on an OCC basis to $479.0 million, aided by solid growth across forms, rules, and loss costs, underwriting data and analytic solutions, extreme event solutions, and life insurance solutions.
Claims revenue ...