Verisk to acquire SuranceBay for $162.5 million in cash deal

JERSEY CITY - Verisk (NASDAQ:VRSK), a $42.25 billion market cap data analytics and technology provider with impressive gross profit margins of 69%, announced Thursday it has signed a definitive agreement to acquire SuranceBay for $162.5 million in cash. According to InvestingPro analysis, the company is currently trading above its Fair Value.

SuranceBay provides producer licensing, onboarding, appointment and compliance solutions for the life and annuity industry. Its flagship product, SureLC, is a multi-carrier contracting automation solution that synchronizes with multiple data sources.

Following the acquisition, SuranceBay will become part of Verisk’s Life Solutions and will be integrated into the company’s FAST platform, which recently received its fourth consecutive Leader ranking in ISG’s Provider Lens evaluation for Life and Retirement Platform Solutions.

"Verisk is committed to investing in the life and annuity space to drive efficiencies in the ecosystem, and we know that the connection between carriers and distribution is crucial in an increasingly dynamic market," said Saurabh Khemka, co-president of underwriting solutions at Verisk.

Anatole Tartakovsky, SuranceBay CEO, stated: "The Verisk and SuranceBay teams share a joint focus on our clients and technology that will help them streamline operations, making it simpler and faster to buy and sell insurance."

The acquisition aims to enhance efficiency between carriers and distribution partners by combining SuranceBay’s agency management capabilities with Verisk’s existing solutions.

Verisk plans to provide additional details about SuranceBay and its impact on consolidated financial results during its second quarter 2025 earnings conference call.

The transaction is subject to customary closing conditions, according to the company’s press release statement. For deeper insights into Verisk’s financial metrics and growth potential, including 12+ additional ProTips and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.

In other recent news, Verisk Analytics Inc. reported strong financial results for the first quarter of 2025, surpassing analyst expectations. The company achieved earnings per share (EPS) of $1.73, exceeding the forecast of $1.69, and reported revenue of $753 million, which was above the anticipated $749.96 million. The revenue growth was driven by a 10.6% increase in subscription revenues, which constitute a significant portion of the company’s income. Verisk’s adjusted EBITDA margin also saw an improvement, expanding to 55.3%, reflecting the company’s focus on cost discipline and strategic investments. The company has set its 2025 consolidated revenue guidance between $3.03 billion and $3.08 billion, with adjusted EBITDA expected to range from $1.67 billion to $1.72 billion. Analysts have noted that Verisk continues to innovate with new product offerings and strategic acquisitions, such as the recent acquisition of Simplitium from NASDAQ. These developments indicate Verisk’s commitment to maintaining its growth trajectory and market position.

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