Verisk Analytics (VRSK) Approves Additional $500M Common Stock Buyback Plan

Verisk Analytics (NASDAQ: VRSK) announced its board of directors approved an incremental $500 million of authorization under its share repurchase program.

Scott Stephenson, chairman, president, and chief executive officer, commented, "Verisk's strong financial position and free cash flow generation enable us to drive growth from internal investments in innovation and acquisitions while also returning capital to shareholders through our share repurchase program."

"Our strategy remains to use our capital allocation decisions to drive shareholder value over time, as we have done historically," concluded Stephenson.

Under the repurchase program, Verisk may repurchase shares in the open market or as otherwise may be determined by the company, subject to market conditions, business opportunities, and other factors. The company has no obligation to repurchase shares under the program.

The authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be recorded as treasury stock but will be available for future reissuance.

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