Verisk Earnings: Healthy Demand and Pricing Upside Amid Industry Profitability Headwinds

Wide-moat Verisk Analytics reported reasonable fourth-quarter and full-year fiscal 2023 results, which marginally surpassed our top-line forecasts but fell short of our above-guidance margin expectations. Amid industry profitability woes in 2023, Verisk enjoyed steady demand for most solutions, reflecting the mission-critical nature of the firm’s data and analytics tools, which allow insurers to achieve optimal underwriting and claims outcomes and improve internal efficiencies amid hefty insurance losses.