morning GAAP reflecting good from continuing share and the operations revenue $XXX pleased million, share results. million, on Lee, year XX% financial prior the versus Thanks, year, $X.XX, I up XX% up everyone call. prior per both versus Verisk that the were $XXX second basis, and across growth quarter underwriting On earnings was to and X% income strong consolidated was delivered strong year. from to am operations versus continuing GAAP Diluted prior up claims. and the a
in benefits. for non-operating of from operating adjusted and results as of defined our some non-GAAP section transactional currency items, release, in-period our constant our financial organic most by broad-based growth press strong results measures the demonstrated aided our businesses, to Moving
and underwriting grew In X.X% the growth with XX.X% claims. of in revenues OCC and in second X.X% quarter,
repeat quarter’s not in revenues result that by of was boosted we to the half transactional back year. the do This certain expect
some our we Our the subscription More total in reflected grew the nearly contract of saw the subscription all net net specifically on on X.X% our experienced We our benefit our continued across prem premium the revenues, in an quarter, the stronger which in OCC revenue on contributions subscription of of currently of revenues, XXXX, of growth offerings. basis. which comprised pricing. is growth from drivers XX% written during certain -- revenues in quarter,
from property part the our are patterns we estimating to customers And we being of subscription are bundle. particularly from the to active of weather network, successful Verisk we claims growth value benefit previously growth undergoing. conversion are contractors strong the contractor anti-fraud, as realizing subscription through from driving In in transactional continue solutions, accelerated essential the with
history, dominated the record most weather Property Verisk’s event of half a to hail, and according wind by year fact, Services, In was the PCS, XX-plus perspective, active this thunderstorms. from in years first Claim on of
than across historic of anticipate continue second was during the and the some quarter, industry liquidations we the normalization Finally, to in year. but lower half the consolidation average
our the Our large consumers growth an the largest national last consecutive quarter by that total quarter, representing increased from The the of continuation to a quarter. a by driven XX.X% of you second grew told revenue action for non-rate basis. rate second was in about auto we contributor OCC solutions, and deal shopping insurer transactional revenues XX% on with
second of to those reflective increase are noted rate pointed Power increases. react in trends to consumers the recent a activity XX% which by as quarter J.D. data, shopping auto for insurance Our in
potential slowing may more going a the noted J.D. However, a of market X%, Power forward. that carrier which switching also much suggest increased modest
in benefited are as gains to incremental services. seeing addition demand also insurance life auto, customer from for transactional strong revenue from our double-digit In growth solutions we growth
events including growth the securitization, catastrophe marked you record new bond I market. our quarter for transactional overage the level we business, this remind saw that issuance activity will the These some bond within continue strong is to that quarter. XXXX. second on extreme expect included a catastrophe of benefits, as And in large charges the not the transactional a of do very seasonal also in and half in renewed we market related specific one-time results contracts to underwriting second
XX.X% certain our the OCC have we reflecting leverage impact strong adjusted cost EBITDA taken now on in adjusted EBITDA to Moving growth margin with actions core revenue results. second operating expansion in growth the objectives. and was the reduction quarter, of our connection
which prior in XX.X% the basis margins adjusted XX.X%, a XXX both inorganic XXX XXXX. organic of basis was the forma margin, points Total from EBITDA expanded includes all QX points results second quarter pro up in year. divestitures, from the margin On and for results basis reported
given quarter a pattern seasonal revenue leading in by in influenced our to rate be mix, any the margins. margin The can
basis margins our As [Technical the at basis on quarter such, helpful a up we it’s on XX-month XX-month XXX Difficulty] basis, a within look trailing prior the think over points XX.X% period. second trailing were to
in cost year-over-year strong well reflects second as the one-time quarter the of program. expenses certain quarter, impact impact and our The the margin in cost year operational reduction and discipline as prior the change of
year-to-date cost guidance articulated T&E higher XXXX and in levels and our expenses. Investor as the margin including well in in This commissions decrease pension we on Reflecting credit, mid-March. our at a that was plans, stronger to performance, our negative margin in impact by offset performance-based part we of run ongoing reduction acquisitions higher Day recent our related targets continue from as compensation, to
expense down Continuing in was statement. $XX.X for million prior the Net quarter, income interest to $XX.X year. second compared the million the
to expense in remainder we expect directed and With at a divestitures accelerated sales quarterly share interest repurchase current now long-term year. $X.X plan rate now the the the structure this billion level be the the for behind us, now from of net run place, similar to proceeds the capital of our
prior benefits On rate year’s versus XX.X%, period. in in in taxes, to compared XX.X% to quarter. The quarter the tax this our rate stock prior compensation was the reported effective lower year-over-year year is tax related the change
Going originally to be the range of of rate forward, for we still expect guided the the the XX%. to XX% tax remainder in year
net to rate. $XXX.X organic $X.XX lower and the part quarter increased growth diluted share from in adjusted second for million EPS income in increased and reflect the a These to count, tax contributions Adjusted offset acquisitions X.X% higher by changes average XXXX. XX.X% a business,
make the of did any we in ability majority while to the $X.X the plan some and share regard quarter, the count, and With in received shares have not entered billion accelerated we repurchase into second repurchases additional so the we in shares repurchase March, the future. we back the when the of to may vast outside from do we the do share plan ASR,
there paid related was paid in taxes one-time the cash increased divestiture. include tax cash million is million quarter flow flow related second year XX% previously will disposition cash paid. results cash the to the on in to $XXX the divested to operations decrease decrease also non-recurring businesses. $XX and Though the strong I you energy primarily payment The the operating a metrics quarter. that three from prior cash in to in from prior of the a of a year taxes gain due From XXXX perspective, remind activities net
guidance. to Turning
our our half Given strong from are recent contribution we for performance, -- well financial as the increasing half strong XXXX. acquisitions, first outlook as
on the a our of posted have of guidance We Investors earnings summary verisk.com. measures section all in deck website, the
to billion in of the we XXXX, adjusted in EBITDA of expect billion range $X.XX for to consolidated $X.XX be billion Specifically, be $X.XX and revenue range to now to the billion. $X.XX
margins XX% to to We in continue EBITDA XX%. expect range be adjusted to the of
the $XXX further to amortization and D&A are future elements and approximately expect and M&A projects and variability, Walking to completion subject down fixed to $XXX we the the purchases, P&L, million. intangible still of Both asset be currency million, million be $XX activity. amortization between timing of depreciation
include associated capital as Regarding architecture $XXX businesses. and million, expect now acquisitions, increases highest growth expenditures, of to investments extreme opportunities. our $XXX focus million migration to continued investment behind loss organically our a our reflecting as investing a our well CapEx we be These on between costs, events recent and with on a rules further platform return modernization across and forms, of cloud-native our
We enable in upgrade are future system our and that will of also efficiencies once financial implemented. investing an human capital
adjusted of share in $X.XX expect to per of we to $X.XX. XX% rate a communicated, previously to tax As the to range be the range bringing XX%, earnings
And some now Lee turn back will the call I to over for closing comments.
