Verisk Analytics (VRSK) Barclays 24th Annual Global Financial Services Conference summary

Outlook and revenue mix

• H1 revenue faced near-term headwinds, led by weather impacts on transactional revenue; subscription revenue is 83% of the mix and continued to perform well.

• H2 organic constant-currency growth is expected to accelerate into the 6%-8% long-term range; FY 2026 is expected to land within that range.

• Transactional revenue is 17% of the mix, including underwriting data usage, claims-volume overages, implementation services and weather-related claims activity.

Product investment and monetization

• Core Lines Reimagine began in 2021; the full original program is expected by year-end, with all content on core.verisk.com by end-2026 and a shift from ISOnet.

• Core Lines Reimagine and catastrophe-risk innovations are monetized through core subscription pricing; XactAI is an optional, separately priced SKU, with monetization expected over time.

• Core Lines Reimagine enables API and system-integrator access to granular loss-cost data, plus digital policy monitoring and comparisons that help carriers identify regulatory changes and target form modifications.

• XactAI photo tools can identify property damage and suggest materials and pricing, reducing adjuster estimate-development time; estimates remain subject to review and adjustment.

• Verisk Synergy Studio is a SaaS platform for catastrophe models, with scalable computing and more interactive risk parameters; model runs can expand from 10,000 to 100,000 risk paths.

Pricing, premiums and weather

• Pricing contribution to annual growth was raised to a 3.5%-4.5% range; prior delivery was ~5%, supported by product innovation and a strong premium environment.

• 20%-25% of revenue has contracts with a premium-growth input, with a two-year lag; H1 2026 industry premium growth was low single digits, versus high-single-digit growth in recent years.

• Historical insurance organic constant-currency growth averaged 6.8% in soft-market years and 7.3% in hard-market years, since going public in 2009.

• 2026 weather activity was relatively light through mid-September, in line with expectations at the end of July; the variability remained within guidance.