Verisk Analytics (NASDAQ: VRSK) reported Q3 EPS of $1.44, $0.08 better than the analyst estimate of $1.36. Revenue for the quarter came in at $759 million versus the consensus estimate of $757.22 million.

Scott Stephenson, chairman, president, and CEO, said, "Verisk's third quarter results reflect the continued strength of our subscription-based business model and the value we consistently deliver to customers. We remain intently focused on enhancing value for our shareholders and all Verisk stakeholders, and we are actively engaged in reviewing value creation strategies and optimization alternatives for certain businesses. As we've said previously, we believe that portfolio changes are probable within the next two to three quarters, subject to market conditions."

Lee Shavel, CFO and group president, said, "Verisk delivered OCC revenue growth of 5.1%, led by continued strength in our insurance business. Our capital allocation process directs investment to the highest growth and return on capital opportunities and returning excess capital to shareholders through dividends and share repurchases. This discipline also encompasses the active management of our business portfolio as we have demonstrated in previous actions."

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