Davis Polk & Wardwell LLP is advising Verisk Analytics, Inc. on its SEC-registered initial public offering of 97,995,750 shares of Class A common stock for a price to the public of $2.16 billion, including 12,745,750 shares that the underwriters purchased pursuant to an over-allotment option. All shares are being sold by existing stockholders. The shares are listed on the Nasdaq Global Select Market under the symbol “VRSK.” BofA Merrill Lynch and Morgan Stanley were the joint book-running managers of the offering. The offering was the largest U.S. domestic initial public offering since March 2008.

Verisk is the largest aggregator and provider of detailed actuarial and underwriting data pertaining to U.S. property and casualty, or P&C, insurance risks, offering solutions for detecting fraud in the U.S. P&C insurance, healthcare and mortgage industries, and sophisticated methods to predict and quantify loss in diverse contexts ranging from natural catastrophes to health insurance.

The Davis Polk corporate team included partners Richard J. Sandler and Ethan T. James and associates Arthur Einav, Zachary J. Zweihorn, Darren Mahone and Anjali Sara Bonner (not yet admitted). The mergers and acquisitions team included partner John H. Butler and associates Ashleigh S. Kyle and Pritesh P. Shah. Partner Harry Ballan and associate Matthew Kohley provided tax advice. Partner Barbara Nims, counsels George R. Ince Jr. and Ada Dekhtyar Karczmer and associate Wendy M. Phillips provided executive compensation and employee benefits advice. Amarilys Katy Barbosa and Hyang S. Vanessa Lee were the legal assistants for the transaction. All members of the Davis Polk team are based in the New York office.

The underwriters were advised by Skadden, Arps, Slate, Meagher & Flom LLP. The selling stockholders were advised by Dewey & LeBoeuf LLP and K&L Gates LLP.