Verisk Analytics quarterly profit falls as expenses rise

Verisk Analytics

29/07/2026 13:39

July 29 (Reuters) - Verisk Analytics VRSK.O reported a fall in second-quarter profit as higher taxes, interest costs and legal expenses weighed on results, despite steady demand for its data analytics products used by insurers. 
Shares of the New Jersey-based data analytics provider, which are down 5% this year, fell about 1% in premarket following the results.

  Here are some more details:
Verisk's net interest expense jumped to $52.8 million in the second quarter from $35.5 million a year earlier. Its effective tax rate rose to 24.6% from 22.7%.
The company added a litigation reserve of $2.0 million tied to its ongoing legal proceedings.
Analysts noted that while the AI debate is active, it appears to be overdone as it underestimates the moat and complexity around Verisk's contributory network. 
Verisk's underwriting revenue increased 3.5% to $569 million in the second quarter. Its claims revenue climbed 6.3% to $237 million, primarily due to anti-fraud analytics and property and restoration solutions.
Separately, it announced it has acquired McKenzie Intelligence Services, an event response company specializing in global real-time catastrophe and conflict event analysis.
Net income came in at $229 million, or $1.75 per share, in the three months ended June 30, compared with $253 million, or $1.81 per share, a year earlier.

 (Reporting by Pragyan Kalita in Bengaluru; Editing by Shreya Biswas)
 ((Pragyan.Kalita@thomsonreuters.com;))