Verisk Analytics Inc. (VRSK): Healthy 2Q with accelerating organic growth that’s back-end loaded in 2026

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Verisk Analytics Inc. (VRSK): Healthy 2Q with accelerating organic growth that’s back-end loaded in 2026

Goldman Sachs Verisk Analytics Inc. (VRSK)

guidance, the removal of uncertainty provides greater visibility into subscription

revenue growth and supports expectations for stronger second-half performance.

Negatives:

n Growth acceleration weighted toward 4Q. VRSK continues to expect OCC revenue

growth to improve through the remainder of 2026, but characterized the trajectory

as a steady step-up rather than a sharp inflection. The company now expects less

acceleration in 3Q and greater acceleration in 4Q as subscription growth benefits

from the restart of the federal contract and other temporary headwinds begin to

normalize. While VRSK reaffirmed its full year guide, the growth recovery is more

back-end loaded than we previously anticipated.

n Weather-related demand remains below normal. Lower catastrophe and

weather-related activity continues to pressure portions of the claims and property

restoration business. VRSK noted that 2026 is tracking toward one of the lowest

catastrophe-loss years in recent history and highlighted limited storm activity

through June and July. Guidance assumes a typical level of hurricane activity,

implying downside risk if weather remains unusually benign.

n Commercial property market softness continues to weigh on growth. VRSK

highlighted increasingly competitive commercial property markets, with softer

pricing and lower quote activity causing insurers to be more selective in pursuing

new business. This is reducing demand for transactional underwriting analytics tied

to quoted business and remains one of the primary pressures on transactional

revenue growth. The company suggested these dynamics could persist through the