CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Q3 2023 Earnings Call Transcript

So that could drive a significant amount of growth. So and then you look at something like subrogation that has its own very specific value proposition. It delivers in terms of financial return to the customer, time savings. And we look at that that’s new to the market, an entirely new opportunity. And we will look at that in terms of what is fair and what is right from a customer standpoint to deliver that ROI. So that’s generally how we’re looking at this.

Brian Herb: Yes, that’s a good summary. The thing I would also just add is just a general point. Arvind is in general, we do look across our products and think about kind of a five to one ratio. So that is just a kind of a principle base. Some will be higher, some will be lower, but on average we think about pricing our product with a 5 to 1 return.

Arvind Ramnani: Terrific. That’s really great and phenomenal execution this quarter.

Githesh Ramamurthy: Thank you, Arvind.

Brian Herb: Thanks, Arvind. I appreciate it.

Operator: Thank you. I’m showing no further questions at this time. I’ll turn the call back over to CEO Githesh Ramamurthy for any closing remarks.

Githesh Ramamurthy: Thanks everybody for joining the CCC Call and we really are proud of the performance year to date in 2023. And I’d like to thank our customers, our CCC team members and our shareholders. And I hope to give you an update Brian and I, in February when we report the fourth quarter. I’ll just add that we remain confident in our ability to continue to deliver our strategic objectives and durable business model we have. Thank you for joining the call today.

Operator: Thank you. Ladies and gentlemen, this does conclude today’s conference. Thank you all for participating. You may now disconnect. Have a great day.