of growth up good call. consistent consolidated revenue both Lee, everyone the and quarter underwriting prior and levels reflecting Thanks, basis, second GAAP was day a and the year, million, on X.X% versus On $XXX claims. across to
year, up XX% XX% share associated and operations million, the $X.XX, prior the profit continuing $XXX as was $XXX tax a growth disposed average reflects from we entered EPS gain a with lower million associated count. per from while earnings diluted tender up gain with Income interest The rate share cumulative the GAAP were bond in continuing previously retained GAAP and June. as The net effective operations versus businesses figures underlying year. a revenue transaction well include with prior in lower a growth strong versus combined
release, non-GAAP for nonoperating section results operating our financial for quarter. demonstrated claims. in growth our both currency press Adjusted to constant defined organic across results Moving underwriting the our second the as and measures consistent of items
claims. growth 'XX. and quarter largest OCC revenue of in second underwriting ever as as of slowdown growth the to in quarter X%, a quarter comparison the This our first revenues tough X.X% in overlap grew X% in expected the we with from was transactional dollar
the Our solid most X.X% of growth OCC on with of in our existing solutions. strong and grew subscription customers total subscription-based expanded second of our solutions broad-based an quarter, revenues, quarter. XX% across with the We renewals basis new comprised revenue and during relationships which sales experienced
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year. this experiencing conversions these trend we are the continue anti-fraud the the We solutions. solutions, of remainder property And data of estimating solutions, expect impact casualty to across for underwriting and
loss platform through and more improved to from deliver Experience earlier. to The rules renewals costs, to value spoke modernize continues realization our forms, where largest be Index contributor clients Lee subscription price and benefiting are continue like about as we insights we in features to and our growth our that
another underlying new rules-based Identifier augmented tool that monitoring delivered with we and and suspected subscription as both In of Verisk. triage strong by quarter And within Claims logos price strong identify Extreme predictive real-time uses strong realization Solutions, well multiyear business to of Claims claims. our new existing in by of including addition the sales new renewals driven models we the experienced high solutions, fraudulent with clients single-digit Event to anti-fraud, growth Coverage growth Scoring, and as
revenues, versus subscription the in comparison revenue on transactional in the year-over-year of basis, reflecting XX% part and life securitization prior from the year, on growth an by strong Extreme activity. declined insurance our OCC Our offset growth tough conversion of impact X% more representing was This business. drag claims second within a total our quarter, to a weather-related business from Events and contribution
out. tough benefits well as called and auto action nonrate last activity the XX.X% large included elevated the as revenues we levels year, shopping deal comparisons, to increased had transactional of Specific from
to but trailing XX Our revenue the with in quarter, of the level this associated continue did at months. shopping year's auto not grow second
those We the for continue balance year. the comparisons to tough in auto expect of
transactional property events associated regard the of severity levels frequency to this weather-related activity, up metric those estimating from record It solutions. with is claims XXXX. the down volume within events claims impacts was the while our that events the quarter, was year-over-year and second volume in in from And revenues
running year-over-year, down that to And we the secular claims an property quarter trend the still of XX% experience the volumes approximately a claims continue said, in upward are trend they X-year average. second are All in growing trailing they above sector. are across as continuing fact, weather-related longer-term XXXX while
results adjusted the EBITDA year. adjusted up X.X% inorganic OCC from reported which total to results. XX.X%, results quarter, the points includes was margin, EBITDA was the our and in basis in both while adjusted prior XXX now EBITDA Moving growth organic
in margin said the by can and timing rate any spending. quarter influenced be the As mix of revenue given in we've past,
a last XXXX, on to think XX, we our basis, was as of useful So up which, it's look margin at trailing year's basis XXX level. XX.X%, points June XX-month over
global sales level expansion This and positive of efforts. cost our discipline the impact margin talent reflects of optimization leverage,
headcount of level also in Our a reflect margins growth the lower quarter.
We the of expect the investments. in to support accelerate back growth to hiring half year our
while XX% remain in our full our XX% margins we continue XXXX, meet investing We targets ability in our the in expect to range. to to to be opportunities. growth margin strategically the year For confident expansion future
Continuing reflecting higher million for statement, interest income balances. expense was year, quarter the on down compared the prior the cash $XX million to net interest $XX second in income
During the of we successfully our second XXXX. due notes $XXX of $XXX million and in tendered million for quarter, issued senior notes due XXXX
to EBITDA. was The low current X these Xx, transactions run with that leverage, interest Xx the be net financing That of first targeted is the are our ongoing for which higher half end in of we half. year the in will range at X net second effect expense our than it the rate the said, is of comfortable of at
to to the the that XX% rate will repeat. to option could primarily quarter. XX.X% reported due certain some year discrete On employee range. activity. for be of taxes, There rate timing in We be was the tax year-over-year believe do full compared the The our not stock we expect rate variability the decrease in XX.X% XX% tax the related year to to items end XXXX of that quarterly effective our prior tax exercise low at is
and This by quarter. strong share Adjusted increased EPS $XXX offset tax lower lower expense. increased margin revenue depreciation and driven XX% higher partially XX% adjusted is and growth, expansion, for million, The to net effective the amortization $X.XX income diluted increase rate by a primarily to a count. average was solid
the quarter. flow our Verisk.
From XXXX. dispose In cash we our structured or any are a business metrics a new the of demonstrate quarter. $XXX the is flow on our and was million. related businesses in acquire cash care from XX% that our a the which of health results this not to increased perspective, reported of markets insurance-only net basis, reflective in XX% million prior did the monetized increased $XXX in cash while operating in we cash free an proceeds cash in flow specialized we receive From business cash maintained activities to of operating to M&A first flow This of of position, perspective, million did equity the business But cases, both $XXX and small those XXXX sales quarter
sheet, financial $XXX investment million June cash continue in our the which the to gives to into XX, of us had on the balance back As we flexibility self-fund business.
to capital returning shareholders. to are committed We also
During which initiated repurchase the second million quarter, $XXX July. a we share accelerated program, was completed in
of our had capacity under XX, $X.X we As in June authorization. repurchase remaining share billion
results with half and pleased are We the second our quarter for the of year. the first
for to revenue in More unchanged. $X.X range XXXX be to remains expect billion. consolidated specifically, billion XXXX the we to outlook Our for of $X.XX continue
to billion expect $X.XX adjusted margin We be to of the EBITDA $X.X EBITDA range to the billion and in XX% in range. adjusted XX%
the into rate of service to be to certain with be projects of result new onetime range, continue the asset due we end in Below earnings first $X.XX put Combined the the half $X.XX. range the the the line, that and still expect given higher net the low we end at depreciation to fixed of at for the to expense as discrete our high the per to of we range interest tax adjusted year. is expect the net slightly share refinancing, items
to be comments. can verisk.com. turn of found some Investors will all for slide call our been of in A deck, guidance And measures Lee complete the back earnings which has to now listing website, over posted closing the I the section
