Verisk Analytics

Predictability is underpinned by subscription and long‑term contracts: approximately 81 percent of Insurance segment revenue is hosted subscriptions or multi‑year agreements that are prepaid and renew annually, producing steady cash inflows and limited cyclicality.

Organic constant currency growth has been mid‑single to high‑single digits, with adjusted EBITDA margins around 55 percent and strong free cash conversion. TTM free cash flow through Q3 2025 is roughly 1.1 billion on about 3.0 billion of revenue.

While severe weather can modestly affect transactional components (management cited a ~1 percent headwind from unusually low severe weather in Q3 2025), the diversified subscription base and breadth of workflows keep outcomes stable.

Geographic concentration is largely U.S. (about 2.386 billion of 2024 revenue), a favorable jurisdiction that reduces geopolitical risk and currency noise, but it does concentrate regulatory and macro exposure.