0000000000-19-010409.txt : 20190812 0000000000-19-010409.hdr.sgml : 20190812 20190627141118 ACCESSION NUMBER: 0000000000-19-010409 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190627 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Verisk Analytics, Inc. CENTRAL INDEX KEY: 0001442145 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 262994223 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 545 WASHINGTON BOULEVARD CITY: JERSEY CITY STATE: NJ ZIP: 07310-1686 BUSINESS PHONE: 201-469-2000 MAIL ADDRESS: STREET 1: 545 WASHINGTON BOULEVARD CITY: JERSEY CITY STATE: NJ ZIP: 07310-1686 PUBLIC REFERENCE ACCESSION NUMBER: 0001442145-19-000012 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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filename2.txt June 27, 2019 Lee Shavel Chief Financial Officer Verisk Analytics, Inc. 545 Washington Boulevard Jersey City, New Jersey 07310 Re: Verisk Analytics, Inc. Form 10-K for the Fiscal Year Ended December 31, 2018 Filed February 19, 2019 Form 8-K furnished April 30, 2019 File No. 001-34480 Dear Mr. Shavel: We have reviewed your filings and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 8-K furnished April 30, 2019 Exhibit, page 99.1 1. We note several instances where you present non-GAAP measures with undue prominence For example, in Table 1 you disclose Adjusted EBITDA before Net Income, the comparable GAAP measure. Please ensure that the comparable GAAP measures are presented and discussed before the non-GAAP measures. Refer to Question 102.10 of the Non-GAAP Compliance and Disclosure Interpretations. 2. Revise to provide a more substantive discussion of how each of your non-GAAP measures is useful to investors. Refer to Item 10(e)(1)(i)(C) of Regulation S-K. 3. Please revise to reconcile consolidated Adjusted EBITDA to Net Income rather than Operating income. Refer to Question 103.02 of the Non-GAAP Compliance and Disclosure Interpretations. Lee Shavel Verisk Analytics, Inc. June 27, 2019 Page 2 4. We note that you present segment adjusted EBITDA and margin. Revise to reconcile these non-GAAP measures to the most directly comparable GAAP financial measure, segment EBITDA and segment EBITDA margin. Please note that the reconciliations throughout the Form 8-K should begin with the comparable GAAP measure so your non- GAAP measures do not receive undue prominence. Also, ensure that your disclosure of segment adjusted EBITDA throughout the filing is preceded by disclosure of segment EBITDA. Refer to Question 102.10 and 104.03 of the Non-GAAP Compliance and Disclosure Interpretations. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Megan Akst, Senior Staff Accountant at 202-551-3407 or Christine Dietz, Assistant Chief Accountant at 202-551-3408 if you have questions regarding comments on the financial statements and related matters. Sincerely, FirstName LastNameLee Shavel Division of Corporation Finance Comapany NameVerisk Analytics, Inc. Office of Information Technologies June 27, 2019 Page 2 and Services FirstName LastName