Verisk Analytics maintained its annual organic constant-currency revenue growth target of 6% to 8% at the U.S. All Stars Conference, even as the company has posted four consecutive quarters of sub-6% growth in the metric.
CFO Elizabeth Mann outlined how the insurer intends to reach the upper end of that range beginning in 2026, with pricing expected to contribute 350 to 450 basis points — roughly a bit more than half the target — while new-product launches, cross-selling and upselling make up the balance.
Over the trailing twelve months through Q2 2026, Verisk reported revenue growth of 5.01%. Subscription revenue accounts for 83% of total revenue, while transactional revenue represents the remaining 17%, generating approximately $510 million over the period. Gross profit margin came in at 70.18%.
Mann noted that historical growth rates averaged 7.3% during hard markets and 6.8% during soft markets, underscoring the cyclical nature of the business. The auto insurance segment contributed roughly 10% of total revenue.
On the product front, Verisk’s Core Lines Reimagine program is nearing completion, with all content scheduled to migrate to core.verisk.com by the end of 2026. The company also expanded its Excess and Surplus lines coverage to $18 billion in historical and current premium data, up from $10 billion earlier in the year.
XactAI, which uses generative AI for automated photo tagging and estimate pricing, now has 7,000 licensees, primarily on the contractor side. Verisk also introduced two Model Context Protocol connectors for Anthropic’s Claude — one for Forms, Rules and Loss Costs data and another for Xactware.
Verisk returned more than 75% of free cash flow to shareholders through dividends and share repurchases. The dividend has been raised for seven straight years, yielding 1.16% at the stock’s recent price of $171.94. The company’s debt-to-EBITDA ratio stands at around 2.5x, within its target range of 2x to 3x, and it targets an absolute return on invested capital of 25%.
Shares have declined 22.5% year to date. Litigation related to the AccuLynx acquisition, which Verisk signed in late July 2024 and terminated at the end of 2025, is proceeding on an expedited basis with a result expected within months.
