Earnings release
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Exhibit 99.1 Verisk Reports First - Quarter 2021 Financial Results • Consolidated revenues were $ 726.1 million , up 5.3 % , and up 3.4 % on an organic constant currency ( OCC ) basis for the first quarter of 2021 . Net income attributable to Verisk was $ 168.6 million , down 1.8 % for the first quarter of 2021. Adjusted EBITDA , a non - GAAP measure , was $ 345.5 million , up 8.7 % , and up 5.2 % on an OCC basis . Diluted GAAP earnings per share attributable to Verisk ( diluted EPS ) were $ 1.03 for the first quarter of 2021 , down 1.0 % . Diluted adjusted earnings per share ( diluted adjusted EPS ) , a non - GAAP measure , were $ 1.23 , up 5.1 % . Net cash provided by operating activities was $ 448.7 million , up 23.7 % for the first quarter of 2021. Free cash flow , a non - GAAP measure , was $ 389.5 million , up 25.8 % . We paid a cash dividend of 29 cents per share on March 31 , 2021. Our Board of Directors approved a cash dividend of 29 cents per share payable on June 30 , 2021 . We repurchased $ 100.0 million of our shares during the first quarter of 2021 . JERSEY CITY , N.J. , May 4 , 2021 - Verisk ( Nasdaq : VRSK ) , a leading global data analytics provider , today announced results for the first quarter ended March 31 , 2021 . Scott Stephenson , chairman , president , and CEO , said , " I am very pleased with our start to 2021. Our first quarter results demonstrate solid financial performance and continued operating excellence despite the ongoing challenges from the pandemic . As we mark our 50th anniversary , our mission remains the same as it was at the start - to serve as a trusted partner to our customers by transforming data into insights and operational efficiencies and to solve their most complex problems . We have strong conviction in our long - term growth strategy and our plans to create durable shareholder value . " Lee Shavel , CFO and group president , said , " Verisk delivered organic constant currency revenue growth of 3.4 % and organic constant currency adjusted EBITDA growth of 5.2 % in the first quarter , led by continued strength in our insurance business . We generated solid free cash flow to invest in future growth opportunities while also returning capital to shareholders . We remain focused on maximizing value creation for all our stakeholders . " Summary of Results ( GAAP and Non - GAAP ) ( in millions , except per share amounts ) Note : Adjusted EBITDA , diluted adjusted EPS attributable to Verisk , and free cash flow are non - GAAP measures . Revenues Net income attributable to Verisk Adjusted EBITDA Diluted GAAP EPS attributable to Verisk Diluted adjusted EPS Net cash provided by operating activities Free cash flow 1 Three Months Ended March 31 , 2021 2020 Change $ 726.1 $ 168.6 689.8 5.3 % 171.7 ( 1.8 ) 345.5 318.0 8.7 1.03 1.04 ( 1.0 ) 1.23 1.17 5.1 448.7 362.6 23.7 389.5 309.7 25.8