Verisk Analytics enters $1.5 billion accelerated share repurchase agreement

Verisk Analytics Inc. (NASDAQ: VRSK) announced it has entered into accelerated share repurchase agreements with HSBC Bank USA, National Association and Wells Fargo Bank, National Association to repurchase $1.5 billion of its common stock.

The counterparties will initially deliver approximately 7.0 million shares to Verisk at the inception of the agreements. The total number of shares ultimately purchased will be based on the daily volume-weighted average share price during each agreement's calculation period, less an agreed discount and subject to adjustments.

Final settlement of the transactions is expected to occur no later than the company's third fiscal quarter ending September 30, 2026. The settlement date for each agreement will be determined at the relevant counterparty's option within an agreed range, subject to earlier termination under certain circumstances.

Following the accelerated share repurchase agreements, approximately $1.0 billion will remain available for share repurchases under Verisk's previously announced authorized share repurchase program. The company may continue to repurchase shares in the open market subject to market and other conditions.

Verisk provides data analytics and technology services to the global insurance industry, with operations across more than 20 countries. The information is based on a company press release.

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