Verisk Reports Fourth-Quarter 2019 Financial Results

Revenues

Consolidated revenues increased 10.2% for fourth-quarter 2019 and 5.4% on an OCC basis. Normalizing for the impact of the injunction on roof measurement solutions, which adjusts for $5 million of associated revenue in the prior year period, OCC revenue grew 6.3% in fourth-quarter 2019.

Revenues and Revenue Growth by Segment
(in millions)

        Revenue Growth
  Three Months Ended  Three Months Ended
  December 31,  December 31, 2019
  2019  2018  Reported  OCC
Underwriting & rating$318.5  $289.9  9.9% 8.2%
Claims 150.4   146.3  2.8  (1.0)
Insurance 468.9   436.2  7.5  5.2 
Energy and Specialized Markets 160.5   130.2  23.3  7.1 
Financial Services 47.4   47.5  (0.3) 2.1 
Revenues$676.8  $613.9  10.2  5.4 


        Revenue Growth
  Twelve Months Ended  Twelve Months Ended
  December 31,  December 31, 2019
  2019  2018  Reported  OCC
Underwriting & rating$1,244.6  $1,144.5  8.7 %   7.5 %
Claims   610.9       561.4     8.8     5.9  
Insurance   1,855.5       1,705.9     8.8     7.0  
Energy and Specialized Markets   573.6       513.3     11.7     7.0  
Financial Services   178.0       175.9     1.2     2.9  
Revenues $ 2,607.1     $ 2,395.1     8.9     6.7  

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