Verisk Q1 2022 Earnings Report

Verisk's financial performance for Q1 2022 was reported, showcasing revenue growth and increased net income.

Key Takeaways

Verisk reported a 6.8% increase in consolidated revenues, reaching $775.5 million in Q1 2022. Net income attributable to Verisk increased by 199.9% to $505.7 million, and diluted EPS increased by 203.9% to $3.13.

Consolidated revenues increased by 6.8% to $775.5 million, with a 5.3% increase on an organic constant currency basis.

Net income attributable to Verisk increased by 199.9% to $505.7 million, primarily due to a $450.8 million gain from the sale of the environmental health and safety business.

Diluted GAAP earnings per share increased by 203.9% to $3.13, while diluted adjusted earnings per share increased by 8.9% to $1.34.

Free cash flow decreased by 12.8% to $339.6 million.