JERSEY CITY, N.J., January 11, 2012 — Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, announced today its board of directors has authorized an incremental $300 million of share repurchases under its share repurchase program.
Frank Coyne, chairman and chief executive officer, commented, “Verisk’s financial position remains strong as we continue to generate significant free cash flow and maintain low leverage. These attributes give us the financial flexibility to continue to execute our growth strategies, including acquisitions, while also continuing our share repurchase program.”
“The authorization will allow us to continue our primary approach of limiting dilution from options while providing flexibility to repurchase additional shares if warranted. Verisk’s share repurchase philosophy remains consistent, and the increased amount of the authorization will allow us to administer the program efficiently,” concluded Coyne.
Under the program, Verisk may repurchase shares in the open market or as otherwise may be determined by the company, subject to market conditions, business opportunities, and other factors. The company has no obligation to repurchase shares under the program.
The authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be recorded as treasury stock but will be available for future reissuance.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
MWW Group (for Verisk Analytics)
Treasurer and Head of Investor Relations
Verisk Analytics, Inc.