First Quarter 2024 Earnings Presentation

1Q2024 Earnings Presentation

Forward-Looking Statements, Safe Harbor, and Non-GAAP Financial Measures

Forward-Looking Statements

This release contains forward-looking statements about Verisk's future performance, including those related to our financial guidance. These statements relate to

future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. This includes, but is not limited to, our expectation and ability to pay a cash dividend on our common stock in the future, subject to the determination by our Board of Directors and based on an evaluation of our earnings, financial condition and requirements, business conditions, capital allocation determinations, and other factors, risks, and uncertainties. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "target," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements.

Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in our quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K filed with the Securities and Exchange Commission. If any of these risks or uncertainties materialize or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this release reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. We assume no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise except as required by applicable securities laws.

Notes Regarding the Use of Non-GAAP Financial Measures

We have provided certain non-GAAP financial information as supplemental information regarding our operating results. These measures are not in accordance with, or an alternative for, U.S. GAAP and may be different from non-GAAP measures reported by other companies. We believe that our presentation of non-GAAP measures provides useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. In addition, our management uses these measures for reviewing our financial results, for budgeting and planning purposes, and for evaluating the performance of senior management.

1Q2024 Earnings Presentation

Business and Financial Highlights

• Organic constant currency (OCC) revenue grew 6.9%, with 7.8% growth in Underwriting and 4.7% growth in Claims.
• OCC subscription revenue grew 7.8%, with broad-based growth across most of our businesses including forms, rules and loss costs, anti-fraud, extreme event solutions, and property estimating solutions.
• OCC transactional revenue grew a modest 3.1%, driven by strength in underwriting data analytics solutions, life insurance, and securitizations. This growth was tempered by continued effect of the shift to subscriptions revenues in anti-fraud and softer weather-related transaction volume in property estimating solutions.
• OCC adjusted EBITDA growth of 10.6% was driven by leverage on the strong revenue growth and cost discipline, offset in part by continued investment in our technological transformation.
• Adjusted EBITDA margins expanded 180 basis points to 54.0% reflecting operational leverage and strong cost discipline.
• Paid $56 million in dividends and initiated a new $200 million ASR that settled in 2Q24.