![]() ![]() Moody’s will fund the transaction through a combination of cash-on-hand and the issuance of new debt. GAAP basis, the acquisition is expected to be accretive to Moody’s diluted EPS in 2025 and, excluding purchase price amortization, is expected to be accretive to adjusted diluted EPS in 2024. Through further innovation and a combination of both companies’ core strengths and offerings, RMS will meaningfully accelerate Moody’s integrated risk assessment strategy for customers in the insurance industry and beyond, with significant capabilities across climate, cyber, commercial real estate and supply chain risk.Īs part of the Moody’s Analytics platform, RMS is expected to generate up to $150 million of incremental run-rate revenue by 2025. ![]() RMS provides extensive climate and catastrophe risk modeling solutions for P&C insurers and reinsurers, enabling them to better understand, measure and manage risk. Moody’s offers leading risk and finance solutions for life insurers, such as pricing, capital management, financial and regulatory reporting capabilities. The acquisition builds upon Moody’s and RMS’s complementary customer bases and capabilities in the life and P&C insurance and reinsurance segments. The team and I are excited to bring new value to customers as we transform how we are able to understand and mitigate the future of risk." ![]() Within Moody’s, I’m confident RMS will be able to accelerate technology and model innovations while combining with Moody’s core data and analytics offerings for powerful, holistic solutions. We share the vision to bring a global, integrated risk assessment platform to our markets with the goals of deeper, more sophisticated risk insights and greater global resiliency. Climate change and catastrophic events like extreme weather, pandemics and cyberattacks have broader and more harmful impacts across virtually all industries. “Global risks are now more complex, connected and systemic. "Moody’s is an exceptional fit for RMS and our customers,” said Karen White, Chief Executive Officer of RMS. We are excited to add RMS and its team of world-class data scientists, modelers and software engineers to the Moody’s family to help accelerate solutions that enable customers to build resilience and make better decisions." “In the context of a global pandemic, the climate crisis and increasing cyberattacks, our customers must manage a wider range of risks than ever before. "Today’s leaders face a complex, interlinked world of risks and stakeholders,” said Rob Fauber, President and Chief Executive Officer of Moody’s. For the fiscal year ending September 30, 2021, RMS is expected to generate revenue of approximately $320 million 1 and adjusted operating income of approximately $55 million 1. With over 400 risk models covering 120 countries, RMS is the world’s leading provider of climate and natural disaster risk modeling serving the global property and casualty (P&C) insurance and reinsurance industries. The acquisition will immediately increase Moody’s insurance data and analytics business to nearly $500 million in revenue and will accelerate the development of the Company’s global integrated risk capabilities to address the next generation of risk assessment. Moody's Corporation (NYSE: MCO) and RMS announced today that they have entered into a definitive agreement for Moody’s to acquire RMS, a leading global provider of climate and natural disaster risk modeling and analytics, for approximately $2.0 billion from Daily Mail and General Trust plc (LON: DMGT). Moody’s to hold a conference call at 11:30 a.m. Immediately expands insurance data and analytics business to nearly $500 million in revenue Significant industry move accelerates Moody’s global integrated risk assessment strategyĮxpands analysis of fast-evolving climate, cyber and supply chain risksįurthers Moody’s innovation capabilities and sustainable growth profile, strengthening its leadership position in the insurance risk sector and beyond ADVANCES MOODY’S AS A LEADING GLOBAL INTEGRATED RISK ASSESSMENT FIRM ![]()
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