Consolidated revenues increased 10.2% for fourth-quarter 2019 and 5.4% on an OCC basis. Normalizing for the impact of the injunction on roof measurement solutions, which adjusts for $5 million of associated revenue in the prior year period, OCC revenue grew 6.3% in fourth-quarter 2019.
Revenues and Revenue Growth by Segment
(in millions)
| Revenue Growth | |||||||||||||
| Three Months Ended | Three Months Ended | ||||||||||||
| December 31, | December 31, 2019 | ||||||||||||
| 2019 | 2018 | Reported | OCC | ||||||||||
| Underwriting & rating | $ | 318.5 | $ | 289.9 | 9.9 | % | 8.2 | % | |||||
| Claims | 150.4 | 146.3 | 2.8 | (1.0 | ) | ||||||||
| Insurance | 468.9 | 436.2 | 7.5 | 5.2 | |||||||||
| Energy and Specialized Markets | 160.5 | 130.2 | 23.3 | 7.1 | |||||||||
| Financial Services | 47.4 | 47.5 | (0.3 | ) | 2.1 | ||||||||
| Revenues | $ | 676.8 | $ | 613.9 | 10.2 | 5.4 | |||||||
| Revenue Growth | |||||||||||||
| Twelve Months Ended | Twelve Months Ended | ||||||||||||
| December 31, | December 31, 2019 | ||||||||||||
| 2019 | 2018 | Reported | OCC | ||||||||||
| Underwriting & rating | $ | 1,244.6 | $ | 1,144.5 | 8.7 | % | 7.5 | % | |||||
| Claims | 610.9 | 561.4 | 8.8 | 5.9 | |||||||||
| Insurance | 1,855.5 | 1,705.9 | 8.8 | 7.0 | |||||||||
| Energy and Specialized Markets | 573.6 | 513.3 | 11.7 | 7.0 | |||||||||
| Financial Services | 178.0 | 175.9 | 1.2 | 2.9 | |||||||||
| Revenues | $ | 2,607.1 | $ | 2,395.1 | 8.9 | 6.7 | |||||||
