Verisk (VRSK) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 11:04 AM CDT 42 min read

Image source: The Motley Fool.

Date

Wednesday, April 29, 2026 astatine 8:30 a.m. ET

Call participants

• President & Chief Executive Officer — Lee Shavel

• Chief Financial Officer — Elizabeth Mann

• President, Underwriting Businesses — Saurabh Khemka

Full Conference Call Transcript

Lee Shavel, Verisk's President and Chief Executive Officer; and Elizabeth Mann, Chief Financial Officer. The net merchandise referenced connected this telephone arsenic well, arsenic our accepted quarterly net presumption and the associated 10-Q tin beryllium recovered successful the Investors conception of our website, verisk.com. The net merchandise has besides been attached to an 8-K that we person furnished to the SEC. A replay of this telephone volition beryllium disposable for 30 days connected our website and by dial-in. As acceptable distant successful much item successful today's net release, I volition punctual everyone that today's telephone whitethorn see forward-looking statements astir Verisk's aboriginal performance, including those related to our fiscal guidance.

Actual show could disagree materially from what is suggested by our comments today. Information astir the factors that could impact aboriginal show is contained successful our caller SEC filings. A reconciliation of reported and historical non-GAAP fiscal measures discussed connected the telephone is provided successful our 8-K and today's net presumption posted connected the Investors conception of our website, verisk.com.

However, we are not capable to supply a reconciliation of projected adjusted EBITDA, adjusted EBITDA borderline and adjusted EPS to the astir straight comparable expected GAAP results due to the fact that of the unreasonable effort and precocious unpredictability of estimating definite items that are excluded from projected non-GAAP adjusted EBITDA, adjusted EBITDA borderline and adjusted EPS, including, for example, taxation consequences, acquisition-related costs, gains and losses from dispositions and different nonrecurring expenses, the effect of which whitethorn beryllium significant. And present I'd similar to crook the telephone implicit to Lee Shavel.

Lee Shavel: Thanks, Stacey. Good morning, everyone, and convey you for joining us. Today, I volition supply a wide overview of our archetypal 4th fiscal results, and past Elizabeth volition spell into much item successful her fiscal review. I volition springiness immoderate details connected our innovation activity, including immoderate caller AI developments. And finally, I volition wrapper up with highlights from our lawsuit engagement during the quarter. Turning to the results. Verisk delivered integrated changeless currency gross maturation of 4.7% with maturation crossed some underwriting and claims and sustained beardown maturation of 7% successful subscription revenues. Our absorption connected ratio and outgo subject drove integrated changeless currency adjusted EBITDA maturation of 5.9%, delivering 60 ground points of borderline expansion.