Verisk Acquires Nasdaq’s Risk Modelling Platform to Broaden Global Catastrophe Risk Assessment

On April 2, 2025, Verisk announced the acquisition of Simplitium Limited, a Nasdaq subsidiary that owns and operates the Nasdaq Risk Modelling for Catastrophes (NRMC) platform. This strategic move brings more than 300 third-party catastrophe risk models into Verisk’s ecosystem, significantly expanding access to specialized, niche views of risk for reinsurers and brokers around the globe.

The NRMC platform, based on the open-source OASIS Loss Modelling Framework, enables clients to evaluate risks using a wide range of third-party and in-house models. Delivered as a cloud-based service, it supports Verisk’s mission to close the insurance protection gap and empower better disaster preparedness and recovery strategies.

Verisk plans to integrate NRMC into its Extreme Event Solutions division, reinforcing its commitment to transparency and open standards in data exchange. The acquisition supports Verisk’s long-standing advocacy for formats like CEDE and OED, which are used for encoding and interpreting catastrophe risk data.

Nasdaq sees the transaction as part of a strategic refinement to focus its efforts within financial technology. No financial terms were disclosed, and the deal is not expected to materially impact financial results.

Contacts:
- **Verisk**: Ali Herbert, ali.herbert@verisk.com
- **Nasdaq**: Andrew Hughes, andrew.hughes@nasdaq.com

More information: [verisk.com](https://www.verisk.com) | [nasdaq.com](https://www.nasdaq.com)

VERISK NOMINATES CHRISTOPHER PERRY AND SABRA PURTILL TO BOARD OF DIRECTORS

Verisk announced the nomination of Christopher J. Perry and Sabra R. Purtill to its Board of Directors, with both set to stand for election at the Annual Meeting on May 20, 2025. Perry currently serves as President of Broadridge Financial Solutions, while Purtill brings over 35 years of financial leadership experience, most recently as Chief Financial Officer of AIG.

Perry offers global expertise in corporate development and strategic partnerships, and Purtill has held executive roles at AIG, Hartford, and Chubb, with extensive experience in corporate finance, risk, and investments. Their nominations follow the planned retirements of Vincent Brooks and Wendy Lane from the board, both recognized for their contributions during Verisk’s organizational transformation.

CEO Lee Shavel and Board Chair Bruce Hansen praised Perry and Purtill’s industry insights and leadership as key assets in supporting Verisk’s growth strategy and its mission to serve the insurance ecosystem.

Verisk remains focused on delivering advanced analytics and technology solutions to enhance global insurance operations and resilience.

Key Developments – $700 Million Senior Notes Offering
1. Underwritten Public Offering of Senior Notes
Issuer: Verisk Analytics, Inc.
Underwriters:
BofA Securities, Inc.
HSBC Securities (USA) Inc.
Principal Amount: $700 million
Coupon Rate: 5.250%
Maturity Date: March 15, 2035
Interest Payments: Semi-annual (March 15 & September 15), starting September 15, 2025
2. Redemption Terms
Before December 15, 2034:
✅ "Make-whole" redemption price applies.
On or after December 15, 2034:
✅ Redeemable at 100% of principal amount plus accrued interest.
3. Key Restrictions & Covenants
The Indenture (Base + Fifth Supplemental) includes:
✔ Restrictions on incurring liens & sale-leaseback transactions.
✔ Limitations on mergers, consolidations, or asset transfers.
✔ Repurchase requirement upon a change of control event.

4. Strategic Implications
✅ Locks in long-term financing at a fixed 5.250% interest rate.
✅ Enhances financial flexibility while maintaining a strong credit profile.
✅ Potentially supports future growth initiatives or debt refinancing.

Verisk reported strong financial performance for the fourth quarter and full year 2024. Consolidated revenue reached $736 million for Q4, an 8.6% increase, and $2.88 billion for the full year, a 7.5% increase. Income from continuing operations rose by 11.6% in Q4 and 23.7% for the full year. Adjusted EBITDA increased 9.9% in Q4 and 9.9% for the year, reflecting cost discipline and revenue growth. Diluted EPS from continuing operations was $1.44 in Q4, up 15.2%, and $6.66 for the full year, up 27.6%. Free cash flow grew 2.0% in Q4 and 10.8% for the full year.

Insurance revenues grew 8.6% in Q4, with underwriting up 6.8% and claims up 13.0%. Full-year insurance revenues rose 7.5%, supported by growth in underwriting and claims services. The company sold its Atmospheric and Environmental Research (AER) business in December 2024 for $7.1 million, resulting in a $12.1 million loss.

Net cash provided by operating activities was $1.14 billion for 2024, a 7.9% increase. The company paid a dividend of $0.39 per share in December 2024 and announced a 15% increase to $0.45 per share, payable in March 2025. Verisk repurchased $300 million in shares through an accelerated share repurchase (ASR) program and has $592 million remaining under its current authorization. An additional $1 billion repurchase authorization was approved in February 2025.

For 2025, Verisk projects revenues between $3.03 billion and $3.08 billion, adjusted EBITDA between $1.67 billion and $1.72 billion, and diluted adjusted EPS between $6.80 and $7.10. The company continues investing in high-return opportunities while maintaining shareholder returns through dividends and share repurchases.