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Verisk grows Q2 results and buys McKenzie Intelligence Services
Verisk posted $806 million in Q2 revenue, while net income fell 9.8% to $229 million amid higher legal fees and taxes.
Verisk reported second-quarter 2026 results alongside a separate deal to acquire McKenzie Intelligence Services, a geospatial intelligence and event response company focused on real-time catastrophe and conflict event analysis, according to Insurance Business. The purchase is intended to expand Verisk’s catastrophe and political violence risk data and analytics capabilities.
For the quarter, Verisk revenue rose to $806 million, up 4.3% year over year, and adjusted EBITDA increased to $464 million, with margins holding at 57.5%. Diluted adjusted EPS climbed 5.3% to $1.98, while GAAP net income declined 9.8% to $229 million.
The company attributed the net income drop to a higher effective tax rate, increased net interest expense, and legal fees linked to ongoing litigation, including telematics-related class actions, data privacy claims under New Jersey’s Daniel’s Law, trade secrets claims from JPMorgan Chase, and a merger dispute involving AccuLynx.
Within insurance, underwriting revenue grew 5.6% on an OCC basis to $569 million and claims revenue rose 6.1% to $237 million, with management also noting softening conditions in property and commercial property lines as transactional revenue fell 17% on an OCC basis. Verisk said operating cash flow increased 49.7% to $366 million and free cash flow rose 57.9% to $298 million, and it paid a $0.50 per share dividend and executed a $200 million accelerated share repurchase, while reaffirming full-year 2026 guidance.