Verisk Analytics Reaffirms Growth Target as Light Weather Weighs on Claims

Verisk Analytics reaffirmed its 6%–8% annual organic constant-currency revenue-growth target, despite recent pressure from unusually light weather-related claims activity and moderating insurance premium growth. Subscription revenue remains resilient, making up about 83% of total revenue. Light storm activity has reduced demand for claims-volume-linked products, leading to growth below 6% for four consecutive quarters. Verisk anticipates that pricing, cross-selling, upselling, and new products will help offset some of the headwinds from weather and premium growth. Growth opportunities include AI-enabled claims estimating, auto and property underwriting data, aerial imagery, and expanded excess-and-surplus insurance coverage. The company plans to return over 75% of free cash flow to shareholders while maintaining capacity for insurance-focused acquisitions. Verisk has historically delivered consistent growth across different insurance market conditions, averaging 7.3% in hard-market years and 6.8% in soft-market years since 2009. Pricing is expected to contribute slightly more than half of Verisk’s overall growth over the next three years, with new products, cross-selling, and upselling expected to increase their contribution as insurance premium growth normalizes. Light weather in 2025 was the primary factor impacting transactional revenue, and 2026 also appears to be experiencing lighter-than-average weather activity.