Table 1: Summary of Results (GAAP and Non-GAAP)
To view the table, click here: https://www.verisk.com/press-releases/2018/may-2018/verisk-reports-first-quarter-2018-financial-results/
Revenue
Total revenue increased 15.6% in first-quarter 2018 compared with first-quarter 2017. Organic constant currency revenue growth was 7.0%. Insurance led the revenue growth in the quarter.
Table 2: Revenues and Revenue Growth by Segment
To view the table, click here: https://www.verisk.com/press-releases/2018/may-2018/verisk-reports-first-quarter-2018-financial-results/
Insurance segment revenue grew 12.5% in the first quarter of 2018 and 8.7% in organic constant currency.
* Underwriting & rating revenue increased 10.8% in the quarter and 6.9% on an organic constant currency basis, resulting primarily from increases within our catastrophe modeling services and underwriting solutions.
* Claims revenue grew 16.1% in the quarter and 12.6% on an organic constant currency basis. Growth was driven by our repair cost estimating solutions and claims analytics revenue.
Energy and Specialized Markets segment revenue increased 18.1% in the quarter and 3.1% on an organic constant currency basis, as the energy business's end market has continued to stabilize.
Financial Services segment revenue increased 46.2% in the quarter and 1.5% on an organic constant currency basis. Analytical products and media effectiveness solutions saw growth in the quarter.
Operating Income and EBITDA
Operating income increased 3.6% to
EBITDA expenses, consisting of cost of revenues; selling, general and administrative expenses; and investment income and others, net, increased 21.6% compared with first-quarter 2017. On an organic constant currency basis, EBITDA expenses increased 6.7% in the quarter. The year-over-year organic constant currency increase was primarily due to salaries and benefits related to innovation and business growth.
EBITDA increased 9.4% to
Table 3: EBITDA by Segment
To view the table, click here: https://www.verisk.com/press-releases/2018/may-2018/verisk-reports-first-quarter-2018-financial-results/
Net Income and Earnings Per Share
Net income increased 22.2% to
Cash Flow
Net cash provided by operating activities was
Free cash flow represented 105.6% of EBITDA for the three months ended
Share Repurchases
The company repurchased 382,508 shares at an average price of
Conference Call
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