Verisk (VRSK, Financial) positively contributed to performance during the quarter after the company reported 17.5% year over year growth in diluted adjusted earnings per share. The company continues to leverage its position as the largest provider of actuarial data and analytical services to property and casualty insurers. Verisk operates as a niche player in the information delivery sub-industry. There are no rivals in this sub-industry with offerings that are as comprehensive as Verisk's portfolio, so the company encounters very little competition on this front. As a result of the fragmentation, Verisk is a serial acquirer of smaller competitors, but is often able to execute their acquisition strategy on quite favorable terms.
From Tony Guerrerio's second quarter letter.
From Tony Guerrerio's second quarter letter.
