Verisk Analytics Inc.: 2H Acceleration Intact But Ramp Likely Slower

研报英文原文证据摘录

Verisk Analytics Inc.: 2H Acceleration Intact But Ramp Likely Slower

Global Research

30 July 2026ab

Verisk Analytics Inc. Equities

Americas2H Acceleration Intact But Ramp Likely Slower

Diversified Financial

12-month rating Neutral

Trends improving but some uncertainty remains

VRSK posted solid 2Q results, driven by a reacceleration in organic growth with further 12m price target US$235.00

acceleration expected in the 2H. While sales cycles remain elongated for AI-related Prior : US$220.00

products and transactional OCC still faces headwinds, subscription growth remains

Price (29 Jul 2026) US$213.15

healthy. The company continues to see traction with its AI-enabled products, including

two new MCP connectors, as fears about AI disintermediation have faded somewhat. RIC: VRSK.O BBG: VRSK US

Valuation remains attractive against historical averages, but with growth towards the

Trading data and key metrics

low end of the range and end markets more uncertain, we see more attractive risk-

52-wk range US$278.71-156.84

reward elsewhere in our coverage.

Market cap. US$35.1b

On track for 2H OCC acceleration Shares o/s 165m (COM)

Free float 98%

In the 2Q, OCC growth of 5.8% y/y accelerated from 4.7% y/y last quarter, with

further acceleration expected in the 2H. While 3Q will see some acceleration Avg. daily volume ('000) 2,358

sequentially, headwinds still persist, with more acceleration expected in the 4Q. Avg. daily value (m) US$425.4

We forecast 3Q OCC growth of 6.6% y/y and 4Q OCC growth of 7.5% y/y. Common s/h equity (12/26E) US$-1.17b

P/BV (12/26E) NM

Subscription growth of 8.0% y/y was driven by strong price realization as the Net debt to EBITDA (12/26E) 2.5x

company continues to see robust demand for its data and AI-enhanced solution. A