Verisk Analytics (NASDAQ: VRSK) stock is soaring 5.24% in pre-market trading on Wednesday following the release of its impressive first-quarter 2025 financial results. The data analytics and technology solutions provider for the insurance industry reported earnings that surpassed analyst expectations, driven by strong demand for its products.

For Q1 2025, Verisk reported adjusted earnings per share of $1.73, beating the analyst consensus estimate of $1.68 and marking a 6.13% increase from $1.63 in the same period last year. Revenue for the quarter came in at $753 million, slightly above the estimated $749.8 million and representing a 7% year-over-year growth. The company's adjusted EBITDA also impressed, reaching $417 million compared to the expected $410.2 million.

Lee Shavel, President and CEO of Verisk, commented on the results, stating, "I am pleased to share that 2025 is off to a solid start at Verisk as we delivered broad-based top line growth across underwriting and claims and healthy profit growth." The strong performance was attributed to increased demand for Verisk's data analytics products, particularly from property and casualty insurers facing higher losses due to extreme weather events. The company's AI-leveraged solutions for risk assessment and policy optimization have proven particularly valuable in this challenging environment. Verisk also reiterated its 2025 guidance, projecting adjusted earnings of $6.80 to $7.10 per share on revenue of $3.03 billion to $3.08 billion, further boosting investor confidence in the company's outlook.