The following is a summary of the Verisk Analytics, Inc. (VRSK) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Verisk delivered an 8.7% organic constant currency revenue growth in 2023, exceeding $800 million in its Free Cash Flow.

• The company returned over $4 billion to shareholders through share repurchases, improving capital efficiency.

• Revenue for 4Q was $677 million, up 7.4% y-o-y with robust growth in underwriting.

• However, decreased net income and EPS were reported due to a litigation reserve expense and elevated depreciation & amortization expense.

• The board approved an increment in the quarterly cash dividend to $0.39 per share and authorized an additional $1 billion in share repurchases.

Business Progress:

• Verisk has made significant investments in emerging technologies like generative AI, no-code applications, and is excited about potential growth from insurance-related acquisitions.

• The launch of FairCheck showcased Verisk's commitment towards addressing fairness and discrimination issues in underwriting.

• The Core Lines Reimagine project, set to change how Verisk delivers its data sets and analytics, is expected to launch customer-facing modules in 2024.

• A new strategic leadership team has been announced.

• Pricing improvements have been noted in new contract renewals for 2024 and the company expresses optimism for consistent and predictable growth.

• Investment in data and technology for creating value for clients remains a primary focus.

More details: Verisk Analytics IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.