Verisk Analytics, Inc.

Verisk and APCIA reported that the U.S. property/casualty (P&C) insurance industry's financial performance significantly improved in Q1 2026. The industry posted an estimated net underwriting gain of $15.8 billion, a strong rebound from an $864 million loss in Q1 2025, driven by moderating inflation and fewer natural catastrophes. Net income after taxes more than doubled to $40.9 billion. However, net written premium growth slowed sharply to 2.9%, and broader market conditions remain mixed with ongoing pressures from legal system abuse and rising claims severity.

Verisk announced a major update to its U.S. Tropical Cyclone Model, enhancing how hurricane risk is quantified for insurance, reinsurance, and capital markets. The updated model, delivered on Verisk’s new cloud-native Synergy Studio platform, integrates advanced climate science, hazard, and vulnerability modeling to provide a more realistic and transparent view of risk. Synergy Studio enables high-resolution modeling, high-performance analytics, and scalable workflows, supporting more informed decision-making in a complex risk environment. Both the model and platform will be available starting June 15, 2026.

Verisk's 2026 U.S. Roof Report reveals that average residential roof replacement costs surged 33% and repair costs rose 25% in 2025 compared to the prior four-year average, despite a nearly 20% decline in overall claims volume. The report highlights that everyday wind and hail events, along with aging roof stock, are driving increased risk and severity across U.S. insurance, construction, and housing markets. Key findings include widespread hail exposure, significant regional variations in roof age, and that roofs in moderate to poor condition show approximately 60% higher loss costs.

Verisk announced that KatRisk has joined its Verisk Model Exchange, an open catastrophe risk modeling platform. This partnership aims to expand access to third-party catastrophe risk insights for insurers and reinsurers, addressing the growing need for transparent and defensible risk assessments due to climate-driven risks and evolving regulatory expectations. KatRisk's specialized models, covering perils like inland flood, tropical cyclone wind, and earthquake, will enhance the platform's offerings, which already include over 20 third-party model providers and 400+ peril models.

Verisk Analytics, Inc. shareholders approved a proposal granting them the right to act by written consent at the 2026 Annual Meeting. All eleven nominated members were elected to the Board of Directors for one-year terms. Shareholders also approved the advisory resolution on executive compensation and ratified Deloitte & Touche LLP as the independent auditors for the year ending December 31, 2026.

Verisk Analytics, Inc. announced the election of Pradip Patiath to its Board of Directors, effective immediately. Patiath, a Senior Partner at McKinsey & Company, brings extensive experience in digital insurance, technology, and financial services. Concurrently, Kathleen Hogenson retired from the Board after serving since 2016, including as chair of the Audit Committee. The company highlighted Patiath's expertise as a valuable addition to guide Verisk's strategic direction in data analytics and technology for the global insurance industry.

Verisk Analytics announced that its Ignite end-to-end policy management platform is powering the launch of Zen Insurance in the UK, a new digital-first brand by One Call. Zen Insurance will offer a fully digital customer experience for car insurance, leveraging Verisk Ignite and Applied Systems Europe’s Applied Rating Hub for efficient operations and competitive pricing. This collaboration enables One Call to quickly bring a highly automated and flexible insurance solution to market, addressing the growing demand for digital-first models among UK insurers.

Verisk Analytics, Inc. announced the launch of its new Model Context Protocol (MCP) connectors, making its trusted insurance analytics available in Anthropic's Claude AI models. These connectors enable insurance and property restoration professionals to access regulatory-grade data and insights conversationally, aiming to significantly reduce manual tasks and streamline critical underwriting and claims workflows. The launch includes two specific connectors: Verisk Underwriting Intelligence (ISO Indications) and Verisk XactRestore, which are projected to deliver substantial time savings for carriers and contractors.

Verisk Analytics, Inc. reported first quarter 2026 financial results, with revenue increasing 3.9% to $783 million and diluted adjusted EPS rising 5.2% to $1.82. The company executed a $1.5 billion Accelerated Share Repurchase Program during the quarter. However, net cash provided by operating activities decreased 12.2% and free cash flow declined 16.5%, primarily due to a prior-year tax refund and higher interest payments. Verisk reaffirmed its financial guidance for the full year 2026.

Verisk Analytics, Inc. reported Q1 2026 revenues of $782.6 million, a 3.9% increase year-over-year, with diluted EPS rising to $1.73. The company also initiated a significant $1.5 billion Accelerated Share Repurchase (ASR) program in February 2026. Financing activities included the issuance of $1.0 billion in new senior notes and a $500.0 million term loan facility, alongside the redemption of $1.5 billion in senior notes following a terminated acquisition agreement.