<SEC-DOCUMENT>0000950103-20-009277.txt : 20200508
<SEC-HEADER>0000950103-20-009277.hdr.sgml : 20200508
<ACCEPTANCE-DATETIME>20200508163932
ACCESSION NUMBER:		0000950103-20-009277
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200508
DATE AS OF CHANGE:		20200508

SUBJECT COMPANY:	

	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:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-237408
		FILM NUMBER:		20861203

	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

FILED BY:		

	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:		FWP

	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
</SEC-HEADER>
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<SEQUENCE>1
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<DESCRIPTION>FORM FWP
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<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Free Writing
Prospectus<BR>
Filed pursuant to Rule 433<BR>
To Prospectus dated March 26, 2020<BR>
Preliminary Prospectus Supplement dated May 8, 2020<BR>
Registration Statement File No. 333-237408</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Verisk
Analytics, Inc.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>$500,000,000
3.625% Senior Notes due 2050</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Pricing
Term Sheet</U></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="2" CELLPADDING="2" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 10pt">Issuer:</FONT></TD>
    <TD STYLE="width: 70%"><FONT STYLE="font-size: 10pt">Verisk Analytics, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Ticker:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">VRSK</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Expected Rating (Moody&rsquo;s / S&amp;P / Fitch)*:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Baa2 / BBB / BBB+</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Aggregate Principal Amount:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">$500,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Maturity:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">May 15, 2050</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Coupon:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">3.625%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Public Offering Price:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">98.970% of face amount</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Yield to Maturity:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">3.682%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Spread to Benchmark Treasury:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">+230 basis points</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Benchmark Treasury:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">2.375% due November 15, 2049</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Benchmark Treasury Price / Yield:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">124-00 / 1.382%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Interest Payment Dates:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">May 15 and November 15, commencing November 15, 2020</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Redemption Provisions:</FONT></TD>
    <TD><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Prior to November 15,
2049, the Notes may be redeemed, in whole or in part, at a &ldquo;make-whole&rdquo; redemption price equal to the greater of:</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;&#9;</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100%
of the principal amount of the Notes to be redeemed; and</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;&#9;</FONT><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
sum of the present values of the remaining scheduled payments (as defined in the prospectus supplement) of the Notes to be redeemed,
</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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    <TD STYLE="width: 30%">&nbsp;</TD>
    <TD STYLE="width: 70%"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;discounted
        to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable
        treasury rate (as defined in the prospectus supplement) plus 35 basis points;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">in each case, plus accrued and
unpaid interest, if any, thereon to, but excluding, the date of redemption.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; font: 11pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">On or after November 15, 2049,
the Notes may be redeemed, in whole or in part, at a redemption price equal to 100% of their principal amount, plus accrued and
unpaid interest, if any, thereon to the applicable redemption date.</FONT></P>



</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Settlement:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">T+3; May 13, 2020</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Denominations:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">$2,000 and any integral multiple of $1,000 above that amount</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">CUSIP / ISIN:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">92345Y AG1 / US92345YAG17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Joint Book-Running Managers:</FONT></TD>
    <TD><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">BofA Securities, Inc.</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">Morgan Stanley &amp;
Co. LLC</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">Citigroup Global Markets
Inc.</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">HSBC Securities (USA)
Inc.</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">J.P. Morgan Securities
LLC</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">Wells Fargo Securities,
LLC</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Co-Managers:</FONT></TD>
    <TD><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">Credit Suisse Securities
(USA) LLC</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">Siebert Williams Shank
&amp; Co., LLC</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 3pt"><FONT STYLE="font-size: 10pt">TD Securities (USA) LLC</FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.95pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.95pt"><FONT STYLE="font-size: 10pt"><B>Additional Information:</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.95pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 21.45pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt">We expect that
delivery of the Notes will be made to investors on or about May 13, 2020, which will be the third New York business day following
the date of this prospectus supplement (such settlement being referred to as &ldquo;T+3&rdquo;). Under Rule 15c6-1 under the Exchange
Act, trades in the secondary market are required to settle in two business days, unless the parties to any such trade expressly
agree otherwise. Accordingly, purchasers who wish to trade Notes prior to the delivery of the Notes may be required, by virtue
of the fact that the Notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade
to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery should consult
their advisors.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 21.45pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt"><B>* Note: A
securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any
time.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt"><B>The issuer
has filed a registration statement (including a prospectus) with the SEC for the</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt"><B>offering
to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other
documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at <FONT STYLE="color: Blue"><U>www.sec.gov</U></FONT>. Alternatively,
the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request
it by contacting BofA Securities, Inc. at (800) 294-1322 or Morgan Stanley &amp; Co. LLC toll free at (866) 718-1649.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>This
communication should be read in conjunction with the Preliminary Prospectus Supplement and the accompanying base prospectus. The
information in this communication supersedes the information in the Preliminary Prospectus Supplement and the accompanying base
prospectus to the extent inconsistent with the information in the Preliminary Prospectus Supplement and the accompanying base
prospectus.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"><B>ANY
DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS
OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 20.05pt 0pt 5.95pt; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



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