Verisk Analytics (VRSK) Tops Q4 EPS by 6c
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Verisk Reports Fourth-Quarter 2021 Financial Results
February 22, 2022 4:10 PM ESTConsolidated revenues were $766.0 million, up 7.4%, and up 5.2% on an organic constant currency (OCC) basis for the fourth quarter of 2021. Net income attributable to Verisk was $141.9 million, down 19.5% for the fourth quarter of 2021. The decrease was primarily related to a non-cash impairment charge of $134.0 million associated with our Financial Services reporting unit, partially offset by the release of a previously established litigation reserve upon final settlement in the fourth-quarter of 2021. Adjusted EBITDA, a non-GAAP measure, was $375.0 million, up 9.0%, and up 7.6% on an OCC basis. Diluted GAAP earnings per share (diluted EPS) attributable to Verisk were $0.87 for the fourth quarter of 2021,... More
