Verisk Earnings: Healthy Demand Across Most Solutions As P&C Industry Profitability Improves

We keep our $225 per share fair value estimate for wide-moat Verisk Analytics following a strong start to fiscal 2024, which met our top-line expectations but fell marginally short of our profitability forecasts. Verisk shares rallied after results as earnings surpassed consensus estimates, boosted by a relatively lower tax burden and lower average share count after an accelerated share repurchase program. Nevertheless, Verisk continues to screen as fairly valued relative to our unchanged valuation.