Verisk Analytics (VRSK): what its 10-K says it depends on

Customers

U.S. property and casualty primary insurers

earns from · approximately 70% of our revenuenamed as a risk

During the year ended December 31, 2025, approximately 70% of our revenue was derived from solutions provided to U.S. P&C primary insurers.Risk factors (Item 1A)

U.S. government contracts

earns fromnamed as a risk

One of the significant differences is that the U.S. government may terminate any of our government contracts, not only for default based on our performance, but also at its convenience.Risk factors (Item 1A)

Also named by A, GWW, RHI, VNT

Lloyd's of London

earns from

Additionally, our international expansion provides services to much of the Lloyd's of London market, while also serving clients in Continental Europe, Singapore, China, Australia, and New Zealand.Business (Item 1)

Also named by AJG, BRO, CB, CINF, CNA, HIG, L, MKL and 1 more

Suppliers

Cloud infrastructure providers

depends onnamed as a risk

We cannot easily switch cloud providers, meaning that any disruption of or interference with our use of a particular supplier, would impact our operations and our business would be adversely impacted.Risk factors (Item 1A)

External data suppliers

depends onnamed as a risk

Agreements with our data suppliers are short-term agreements.Risk factors (Item 1A)

Partners and platforms

Bank of America, N.A.

depends on · $1,250.0 million

On August 15, 2025, we entered into the Third Amended and Restated Credit Agreement (the "Amendment and Restatement") to the Syndicated Revolving Credit Facility with Bank of America, N.A. as administrative agent.Market risk (Item 7A)

Also named by AGX, DORM, GSBD, OCSL, VICR, WDFC, ZETA

Other companies

ActiveProspect, Inc.

$80.0 million

On December 31, 2025, we sold the Verisk Marketing Solutions business to ActiveProspect, Inc. ("ActiveProspect"), backed by Five Elms Capital Management, LLC, for a net cash sale price of $80.0 million.Business (Item 1)

U.S. P&C insurance premiums

exposed to its pricenamed as a risk

Also, our invoices for certain of our solutions are linked in part to premiums in the U.S. P&C insurance market, which may rise or fall in any given year due to loss experience and capital capacity and other factors in the insurance industry such as responses to natural disasters and climate-related events that are beyond our control.Risk factors (Item 1A)

Places

United Kingdom

operates in · 11%

Approximately 57% of our employees are based in the United States, 11% in the United Kingdom, 11% in India, with the remainder serving in 18 other countries across the globe.Business (Item 1)

Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more

India

operates in · 11%

Approximately 57% of our employees are based in the United States, 11% in the United Kingdom, 11% in India, with the remainder serving in 18 other countries across the globe.Business (Item 1)

Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more

London specialty insurance market

earns from

We are a leading software supplier to the global specialty insurance market with particular focus on the London specialty market where we have a long-standing client base.Business (Item 1)

Hazards

Coastal flooding and earthquakes

operates innamed as a risk

Certain of our facilities are located in areas that could be impacted by coastal flooding, earthquakes or other disasters.Risk factors (Item 1A)

Commodities and inputs

British pound

exposed to its pricenamed as a risk

Our foreign-based businesses and results of operations are exposed to movements in the U.S. dollar to British pounds and other foreign currency exchange rates.Market risk (Item 7A)

Also named by ABBV, ADBE, AJG, AME, AMP, APA, BF/B, BRO and 39 more

Regulators

State insurance regulators

subject to

We also serve as an officially designated statistical agent of state insurance regulators to collect policy writing and loss statistics of individual insurers and compile that information into reports used by the regulators.Business (Item 1)

Also named by ORI, UNM

Laws and programs

OECD Pillar Two global minimum tax

subject to · 15%named as a risk

While we have assessed the effect of Pillar Two and do not expect it to materially increase our tax expense, the ultimate impact will depend on the implementation of specific rules in each jurisdiction.Risk factors (Item 1A)

Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more

EU General Data Protection Regulation (GDPR)

subject tonamed as a risk

If we are unable to comply with the data privacy and protection principles adopted pursuant to the General Data Protection Regulation, it will impede our ability to conduct business between the U.S. and the E.U. which could have a material adverse effect on our business, financial position, results of operations or cash flows.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

Gramm-Leach-Bliley Act

subject tonamed as a risk

We provide many types of data and services that already are subject to regulation under the Fair Credit Reporting Act, Gramm-Leach-Bliley Act, Driver’s Privacy Protection Act, the European Union’s General Data Protection Regulation, the Dodd Frank Wall Street Reform and Consumer Protection Act and to a lesser extent, various other federal, state, and local laws and regulations.Risk factors (Item 1A)

Also named by BR, CINF, EFX, FICO, FIS, FITB, OMF, ORI and 4 more

Dodd-Frank Wall Street Reform and Consumer Protection Act

subject tonamed as a risk

We provide many types of data and services that already are subject to regulation under the Fair Credit Reporting Act, Gramm-Leach-Bliley Act, Driver’s Privacy Protection Act, the European Union’s General Data Protection Regulation, the Dodd Frank Wall Street Reform and Consumer Protection Act and to a lesser extent, various other federal, state, and local laws and regulations.Risk factors (Item 1A)

Also named by BAM, CAT, CME, ELS, FISV, FNF, LEN, SPGI and 1 more

Fair Credit Reporting Act

subject tonamed as a risk

We provide many types of data and services that already are subject to regulation under the Fair Credit Reporting Act, Gramm-Leach-Bliley Act, Driver’s Privacy Protection Act, the European Union’s General Data Protection Regulation, the Dodd Frank Wall Street Reform and Consumer Protection Act and to a lesser extent, various other federal, state, and local laws and regulations.Risk factors (Item 1A)

Also named by ADP, EFX, FICO, FIS, FISV, PAYC, TRU

Driver's Privacy Protection Act

subject tonamed as a risk

We provide many types of data and services that already are subject to regulation under the Fair Credit Reporting Act, Gramm-Leach-Bliley Act, Driver’s Privacy Protection Act, the European Union’s General Data Protection Regulation, the Dodd Frank Wall Street Reform and Consumer Protection Act and to a lesser extent, various other federal, state, and local laws and regulations.Risk factors (Item 1A)

Also named by SPGI

1995 antitrust settlement agreement with state Attorneys General

subject tonamed as a risk

We are subject to the provisions of a 1995 settlement agreement in an antitrust lawsuit brought by various state Attorneys General and private plaintiffs, which imposes certain constraints with respect to insurer involvement in our governance and business.Risk factors (Item 1A)

McCarran-Ferguson Act

subject to

Many of our solutions, services, and operations as well as insurers' use of our services are subject to state rather than federal regulation by virtue of the McCarran-Ferguson Act.Business (Item 1)

Also named by CINF, TRV

Medicare Secondary Payer

earns from

Our compliance division offers Medicare Secondary Payer solutions and services to comply with the federal statute, including Section 111 Centers for Medicare & Medicaid Services reporting, lien resolution/conditional payments, liabilities repayment, and ongoing protection of the Medicare Trust Fund via Medicare Set Aside (MSA) services.Business (Item 1)