Verisk Reports Fourth-Quarter 2019 Financial Results

Segment Adjusted EBITDA Margin Reconciliation
Note: Segment adjusted EBITDA margin is calculated as a percentage of respective segment revenues.

  Three Months Ended December 31, 2019  Three Months Ended December 31, 2018
  Insurance  Energy and Specialized Markets  Financial Services  Insurance  Energy and Specialized Markets  Financial Services
EBITDA margin 50.9%  20.5%  40.3%  53.1%  29.5%  37.9%
Acquisition-related costs (earn-outs) 2.1   11.5      (0.1)  1.3    
Adjusted EBITDA margin 53.0   32.0   40.3   53.0   30.8   37.9 


  Twelve Months Ended December 31, 2019  Twelve Months Ended December 31, 2018
  Insurance  Energy and Specialized Markets  Financial Services  Insurance  Energy and Specialized Markets  Financial Services
EBITDA margin 44.6%  24.0%  30.6%  54.6%    30.1 %     33.5 %
Litigation reserve   6.7                                
Acquisition-related costs (earn-outs)   1.7       7.3                   0.5       1.9  
Loss from disposition               3.5                    
Gain and interest income on subordinated promissory note receivable                     (1.0 )     (0.3 )     (1.0 )
Adjusted EBITDA margin   53.0       31.3       34.1       53.6       30.3       34.4  

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