Verisk Q4 2021 Earnings Report
Key Takeaways
Verisk's Q4 2021 results showed revenue growth of 7.4% to $766.0 million, with a net income of $141.9 million. The diluted EPS was $0.87, while the adjusted EPS reached $1.47. The company also announced an increase in their cash dividend and a new share repurchase program.
Consolidated revenues increased 7.4%, and 5.2% on an organic constant currency (OCC) basis.
Net income attributable to Verisk decreased 19.5% primarily related to a non-cash impairment charge of $134.0 million.
Diluted GAAP earnings per share decreased 18.7% to $0.87, while diluted adjusted earnings per share increased 15.7% to $1.47.
The Board of Directors approved an increase in the cash dividend to 31 cents per share and an additional $1.0 billion share repurchase authorization.