Verisk Analytics shares halved over past year as investors weigh AI threat to its insurance data moat, but regulatory requirements and scale may protect margins.

Verisk's proprietary databases contain 39 billion statistical records and data on 143 million U.S. properties, and the company acts as a licensed statistical agent for insurance regulators in all 50 U.S. states.

Revenue growth has slowed from 7.5% in 2024 to 6.6% in 2025, with first-quarter 2026 growth falling to 3.9%, which management described as a 'trough.' Despite this, adjusted EBITDA margin remains above 50%, reaching 56% in the first quarter.

The company launched GenAI Commercial Underwriting Assistant and XactAI claims automation tools to integrate AI into its own platforms for fraud detection and underwriting, and repurchased $1.4 billion worth of shares in the first quarter while raising its dividend by 11%.