VRSK buyback activity: $1.63B repurchased in Q1 (7.11% of market cap)Verisk Analytics, Inc.（VRSK）Q1 回购 $1.63B，约占市值 7.11%

Reported Share Repurchase Activity

Verisk Analytics (VRSK) recorded $1.63 billion in cash outflows from share repurchases in Q1 2026, per the SEC-filed Q1 2026 cash flow statement, with the period ending March 31, 2026. The repurchase size equals 7.11% of the company’s $22.93 billion market capitalization. This data reflects actual completed repurchase spending, not a newly announced buyback authorization.

Capital Allocation Signal

Verisk paid $0 in common stock dividends during the quarter, with quarterly operating cash flow of $390.4 million and free cash flow of $326.4 million. The $1.63 billion repurchase outflow is roughly 5x the quarterly free cash flow, meaning the company used all of its quarterly free cash flow plus accumulated cash reserves to fund the buyback, elevating share repurchases to the top of its near-term capital allocation priorities.

Shareholder Return Context

As a large-cap software services firm, Verisk typically sees quarterly repurchase programs ranging from 1% to 3% of market capitalization per industry norms. The 7.11% of market cap spent on repurchases this quarter falls well above this average, representing a material, above-average reduction to outstanding share count.

What This Signal Does Not Prove

Completed share repurchases do not guarantee future buyback activity will match this quarterly pace, nor do they directly prove the company’s stock is undervalued. The signal also does not ensure future stock price support. Separately, May 26, 2026 Form 4 filings show certain directors executed stock sales, which have no direct link to the Q1 2026 repurchase activity.