NJ TECH CORNER: Verisk Analytics Inc.
Company Overview
Verisk Analytics Inc. (NASDAQ: VRSK) is a Jersey City–based data analytics provider serving the insurance, energy and specialized markets, and financial services sectors in the U.S. and elsewhere around the world. Customers include all of the top 100 property and casualty insurance providers in the U.S., the top 30 credit card issuers in North America, UK and Australia, as well as nine of the top10 global energy providers. The company serves a wide range of companies, governments and institutions across the energy, chemicals, metals and mining, and power and renewable value chains. The company announced this year that it agreed to acquire Genscape, a provider of real-time data and intelligence for the commodity and energy markets and Keystone Aerial Surveys Inc., a business owned by PASCO, Japan’s largest geospatial service provider. In September, a jury in the U.S. District Court for the District of New Jersey handed down a verdict that ordered Verisk to pay $125 million in damages to aerial imaging firm EagleView. The jury found that Verisk and its Xactware Solutions unit willfully infringed EagleView’s proprietary intellectual property. Founded in 1971, Verisk has offices throughout the United States, including California, New York, Ohio, Massachusetts, Texas and Utah as well as in nearly 30 countries globally. As of Dec. 31, 2018, the company employed more than 8,100 workers.
Investment & Financial Information
| Shares of common stock outstanding (as of March 18, 2019): | 163,511,776 |
| Share price of stock (as of Oct.11, 2019) | $157.11 |
| Share price of stock (one year ago) | $112.65 |
| Current valuation (as of Oct. 11, 2019) | $25.69 billion |
| Valuation one year ago | $18.60 billion |
| Stock Symbol: | NASDAQ: VRSK |
| Revenues ( as of Dec. 31, 2018) | $2.39 billion |
| Revenues (previous year) | $2.14 billion |
| Net Income(12/31/18) 9999/309/30/162015vvvvmontmonths ended) | $598.7million |
| Net Income(previous year) | $555.1 million |
Management Team
| Name | Age | Title |
| Scott G. Stephenson | 61 | Chairman, President and CEO |
| Lee Shavel | 51 | Chief Financial Officer, Executive Vice President |
| Mark V. Anquillare | 53 | COO, Executive Vice President |
| Kenneth E. Thompson | 59 | Executive Vice President, General Counsel and Corporate Secretary |
| Vincent de P. McCarthy | 54 | Group President |
Board of Directors
| Name | Age | Title |
| Frank J. Coyne | 70 | Former Chairman, President CEO, COO, Verisk Analytics; Director, Strategic CAT Holdings and Duquesne; Member, Board of Trustees of Underwriting Laboratories |
| Christopher M. Foskett | 61 | Member, First Data Corp.’s Management Committee and oversees its Corporate and Business Development |
| David B. Wright | 70 | Managing Partner, Innovative Capital Ventures, Inc. |
| Annell R. Bay | 63 | Former Vice President, Marathon Oil Corp.; Member of advisory boards for the Jackson School of Geology at the University of Texas, the American Association of Petroleum Geology, and the Houston Education Center for the Independent Petroleum Association of America; Director, Apache Corp. and Hunting PLC. |
| Samuel G. Liss | 62 | Principal, WhiteGate Partners LLC; Adjunct Professor of Finance, NYU Stern School of Business; Columbia University Law School |
| Therese M. Vaughan | 62 | Robb B. Kelley Visiting Distinguished Professor of Insurance and Actuarial Science, Drake University; former Dean of Drake College of Business; former CEO of National Association of Insurance Commissioners; Director, Argo Group International Holdings Ltd., RevSpring Inc., Wellmark Blue Cross & Blue Shield |
| Bruce Hansen | 59 | Former Chairman and CEO of ID Analytics; Former President of HNC Software, Inc.; Director of Performant Financial Corp., MITEK Inc.; Member of National Association of Corporate Directors |
| Kathleen A. Hogenson | 58 | CEO and President of Zone Oil & Gas LLC and former CEO and President of Zone Energy, LLC; Director, First Quantum Minerals Ltd. |
| Andrew G. Mills | 66 | Executive Chairman and President of Archegos Capital Management; Co-Chairman of Grace & Mercy Foundation; Director of Camp of the Woods; Member of the Massachusetts State Board of the Salvation Army; Co-Chairman of the Theology of Work Project |
| Constantine P. Iordanou | 69 | Chairman and Senior Advisor, Director, Non-Executive Chairman of Arch Capital Group Limited |
| Scott G. Stephenson | 61 | Chairman, CEO and President |
Noteworthy Control
| Name | Shares of common stock owned | % of total common shares |
| The Vanguard Group | 16,559,112 | 10.05% |
| BlackRock, Inc. | 11,426,119 | 6.9% |
[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]
