Verisk Analytics: Is Its Growth Outlook Too Optimistic? What Are The Biggest Challenges?

Verisk experienced a successful 2023 with strategic, organizational, and cultural changes, outstanding financial performance, and substantial value creation for clients and shareholders. The company delivered 8.7% organic constant currency revenue growth in 2023, the highest rate since its initial public offering in 2009. They exceeded the expectations set during the Investor Day in March. They combined this increase with a double-digit organic constant currency adjusted EBITDA growth and improved their margin by 150 basis points. The company grew its free cash flow by 6% to over $800 million. Moreover, Verisk returned approximately $4 billion to its shareholders through share repurchases over the past two years, reducing the share base by about 10% and significantly improving capital efficiency.