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Verisk reported strong financial results for the first quarter of 2024, with consolidated revenues reaching $704 million, up 8.0% year-over-year. Income from continuing operations rose by 12.9% to $219 million, and adjusted EBITDA increased by 11.8% to $380 million. Diluted GAAP earnings per share grew by 19.7% to $1.52, while diluted adjusted EPS surged by 26.4% to $1.63. Net cash provided by operating activities was up by 1.9% to $372 million, with free cash flow rising by 4.2% to $317 million. A cash dividend of 39 cents per share was paid on March 29, 2024, with a 15% increase approved for June 28, 2024. The company also repurchased $200 million of common shares during the quarter. Verisk reiterated its fiscal 2024 guidance, expecting revenues to range between $2,840 million and $2,900 million, with a diluted adjusted EPS range of $6.30 to $6.60. The company continues to deliver strong financial performance, driven by growth in underwriting and claims within the Insurance segment.
