What is Amerisafe's earnings per share (EPS)?

Amerisafe (AMSF) reported diluted earnings per share of $2.47 for fiscal year 2025. This represents a -14.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Amerisafe Financials

AMSF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Amerisafe (AMSF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 38/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Amerisafe's revenue grew a modest 2.7% year-over-year to $317.3M. This slow but positive growth earns a score of 38/100.

Leverage

Amerisafe has a moderate D/E ratio of 3.49. This balance of debt and equity financing earns a leverage score of 31/100.

Cash Flow

Amerisafe has a free cash flow margin of 2.8%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Amerisafe's ROE of 18.7% shows moderate profitability relative to equity, earning a score of 53/100. This is down from 21.5% the prior year.

Piotroski F-Score Neutral

4/9

Amerisafe passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.23x

For every $1 of reported earnings, Amerisafe generates $0.23 in operating cash flow ($11.1M OCF vs $47.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$317.3M

YoY+2.7%

5Y CAGR-1.3%

10Y CAGR-2.3%

Amerisafe generated $317.3M in revenue in fiscal year 2025. This represents an increase of 2.7% from the prior year.

EBITDA

N/A

Net Income

$47.1M

YoY-15.0%

5Y CAGR-11.5%

10Y CAGR-3.9%

Amerisafe reported $47.1M in net income in fiscal year 2025. This represents a decrease of 15.0% from the prior year.

EPS (Diluted)

$2.47

YoY-14.5%

5Y CAGR-11.2%

10Y CAGR-3.9%

Amerisafe earned $2.47 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 14.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$8.9M

YoY-61.8%

5Y CAGR-32.2%

10Y CAGR-20.8%

Amerisafe generated $8.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 61.8% from the prior year.

Cash & Debt

$61.9M

YoY+40.6%

5Y CAGR+0.1%

10Y CAGR-1.1%

Amerisafe held $61.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.56

YoY+5.4%

5Y CAGR+7.6%

10Y CAGR+10.0%

Amerisafe paid $1.56 per share in dividends in fiscal year 2025. This represents an increase of 5.4% from the prior year.

Shares Outstanding

19M

YoY-1.3%

5Y CAGR-0.6%

10Y CAGR-0.2%

Amerisafe had 19M shares outstanding in fiscal year 2025. This represents a decrease of 1.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

14.9%

YoY-3.1pp

5Y CAGR-10.6pp

10Y CAGR-2.7pp

Amerisafe's net profit margin was 14.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.1 percentage points from the prior year.

Return on Equity

18.7%

YoY-2.8pp

5Y CAGR-1.0pp

10Y CAGR+3.2pp

Amerisafe's ROE was 18.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.1M

YoY+155.7%

5Y CAGR+18.5%

10Y CAGR+8.5%

Amerisafe invested $2.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 155.7% from the prior year.

AMSF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$317.3M+2.7%	$309.0M+0.7%	$306.9M+4.1%	$294.7M-6.7%	$315.9M-6.9%	$339.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$11.7M-14.1%	$13.6M-10.8%	$15.3M+26.8%	$12.0M-12.0%	$13.7M-32.6%	$20.3M
Net Income	$47.1M-15.0%	$55.4M-10.7%	$62.1M+11.7%	$55.6M-15.4%	$65.8M-24.1%	$86.6M
EPS (Diluted)	$2.47-14.5%	$2.89-10.5%	$3.23+12.2%	$2.88-15.0%	$3.39-24.2%	$4.47

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$81.6M-0.5%	$82.0M+1.1%	$81.1M+11.7%	$72.6M-1.9%	$74.0M-5.9%	$78.7M+3.8%	$75.8M-5.8%	$80.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.3M-38.0%	$3.7M+4.7%	$3.5M+54.0%	$2.3M-36.5%	$3.6M+3.2%	$3.5M+26.1%	$2.8M-28.0%	$3.8M
Net Income	$10.4M-24.6%	$13.8M-1.0%	$14.0M+55.9%	$8.9M-32.2%	$13.2M-7.9%	$14.3M+30.3%	$11.0M-35.0%	$16.9M
EPS (Diluted)	N/A	$0.72-1.4%	$0.73+55.3%	$0.47	N/A	$0.75+31.6%	$0.57-35.2%	$0.88

AMSF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.1B-2.4%	$1.2B-5.8%	$1.2B-3.2%	$1.3B-9.5%	$1.4B-4.6%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$61.9M+40.6%	$44.0M+13.9%	$38.7M-37.1%	$61.5M-13.1%	$70.7M+14.5%	$61.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$878.9M-2.4%	$900.5M-3.9%	$936.7M-1.6%	$951.8M-5.1%	$1.0B-2.8%	$1.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$251.6M-2.2%	$257.3M-12.0%	$292.5M-7.9%	$317.4M-20.5%	$399.3M-9.0%	$438.8M
Retained Earnings	$82.8M-1.5%	$84.1M-26.4%	$114.3M-21.5%	$145.5M-23.6%	$190.5M-15.2%	$224.6M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.1B-3.0%	$1.2B+0.9%	$1.2B-0.1%	$1.2B-0.1%	$1.2B-7.7%	$1.3B+1.7%	$1.2B-0.8%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$61.9M+13.1%	$54.7M+13.0%	$48.5M+8.3%	$44.8M+1.6%	$44.0M-30.8%	$63.7M+108.0%	$30.6M-8.3%	$33.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$878.9M-1.3%	$890.2M+0.1%	$889.5M-0.7%	$895.9M-0.5%	$900.5M-4.2%	$940.4M+0.8%	$932.5M-1.0%	$942.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$251.6M-8.4%	$274.8M+3.5%	$265.6M+1.8%	$260.8M+1.3%	$257.3M-18.1%	$314.4M+4.4%	$301.0M0.0%	$301.1M
Retained Earnings	$82.8M-15.9%	$98.5M+6.9%	$92.1M+7.6%	$85.6M+1.8%	$84.1M-37.8%	$135.3M+5.7%	$128.0M+3.2%	$124.1M

AMSF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$11.1M-54.2%	$24.2M-18.9%	$29.8M+5.8%	$28.2M-25.8%	$38.0M-40.1%	$63.4M
Capital Expenditures	$2.1M+155.7%	$840K+51.9%	$553K-73.5%	$2.1M+61.2%	$1.3M+40.7%	$921K
Free Cash Flow	$8.9M-61.8%	$23.4M-20.3%	$29.3M+12.2%	$26.1M-28.8%	$36.7M-41.3%	$62.5M
Investing Cash Flow	$68.4M-5.5%	$72.4M+64.9%	$43.9M-41.8%	$75.4M+6.3%	$71.0M+63.6%	$43.4M
Financing Cash Flow	-$61.6M+32.4%	-$91.2M+5.5%	-$96.5M+14.5%	-$112.9M-12.9%	-$100.0M-12.6%	-$88.8M
Dividends Paid	$62.7M-11.7%	$71.0M+26.8%	$56.0M-27.9%	$77.7M-47.6%	$148.4M+67.5%	$88.6M
Share Buybacks	N/A	N/A	$2.2M-82.5%	$12.4M	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$10.6M-0.6%	$10.7M+226.5%	-$8.4M-371.1%	-$1.8M-116.6%	$10.8M+28.1%	$8.4M+426.0%	-$2.6M-134.5%	$7.5M
Capital Expenditures	$173K-80.6%	$891K-17.7%	$1.1M+54000.0%	$2K-85.7%	$14K-41.7%	$24K-57.1%	$56K-92.5%	$746K
Free Cash Flow	$10.4M+6.7%	$9.8M+202.8%	-$9.5M-430.9%	-$1.8M-116.6%	$10.8M+28.3%	$8.4M+418.2%	-$2.6M-139.2%	$6.8M
Investing Cash Flow	$30.7M+567.1%	$4.6M-80.1%	$23.1M+132.6%	$9.9M-70.5%	$33.8M+2.8%	$32.8M+185.7%	$11.5M+301.0%	-$5.7M
Financing Cash Flow	-$34.2M-279.5%	-$9.0M+17.9%	-$11.0M-47.4%	-$7.4M+88.4%	-$64.2M-679.7%	-$8.2M+29.4%	-$11.7M-64.4%	-$7.1M
Dividends Paid	$40.3M+436.9%	$7.5M+0.2%	$7.5M+0.8%	$7.4M-85.1%	$49.7M+601.2%	$7.1M-0.1%	$7.1M+0.4%	$7.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AMSF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.9%-3.1pp	17.9%-2.3pp	20.2%+1.4pp	18.9%-2.0pp	20.8%-4.7pp	25.5%
Return on Equity	18.7%-2.8pp	21.5%+0.3pp	21.2%+3.7pp	17.5%+1.0pp	16.5%-3.3pp	19.7%
Return on Assets	4.2%-0.6pp	4.8%-0.3pp	5.1%+0.7pp	4.4%-0.3pp	4.7%-1.2pp	5.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.490.0	3.50+0.3	3.20+0.2	3.00+0.5	2.51+0.2	2.35
FCF Margin	2.8%-4.8pp	7.6%-2.0pp	9.5%+0.7pp	8.9%-2.7pp	11.6%-6.8pp	18.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	12.8%-4.1pp	16.9%-0.4pp	17.2%+4.9pp	12.3%-5.5pp	17.8%-0.4pp	18.2%+3.7pp	14.5%-6.5pp	21.0%
Return on Equity	4.1%-0.9pp	5.0%-0.2pp	5.3%+1.8pp	3.4%-1.7pp	5.1%+0.6pp	4.6%+0.9pp	3.6%-2.0pp	5.6%
Return on Assets	0.9%-0.3pp	1.2%-0.0pp	1.2%+0.4pp	0.8%-0.4pp	1.1%0.0pp	1.1%+0.3pp	0.9%-0.5pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.49+0.3	3.24-0.1	3.35-0.1	3.44-0.1	3.50+0.5	2.99-0.1	3.10-0.0	3.13
FCF Margin	12.8%+0.9pp	11.9%+23.7pp	-11.8%-9.3pp	-2.5%-17.1pp	14.6%+3.9pp	10.7%+14.2pp	-3.5%-11.9pp	8.4%

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Frequently Asked Questions

What is Amerisafe's annual revenue?

Amerisafe (AMSF) reported $317.3M in total revenue for fiscal year 2025. This represents a 2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Amerisafe's revenue growing?

Amerisafe (AMSF) revenue grew by 2.7% year-over-year, from $309.0M to $317.3M in fiscal year 2025.

Is Amerisafe profitable?

Yes, Amerisafe (AMSF) reported a net income of $47.1M in fiscal year 2025, with a net profit margin of 14.9%.

What is Amerisafe's net profit margin?

Amerisafe (AMSF) had a net profit margin of 14.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Amerisafe pay dividends?

Yes, Amerisafe (AMSF) paid $1.56 per share in dividends during fiscal year 2025.

What is Amerisafe's return on equity (ROE)?

Amerisafe (AMSF) has a return on equity of 18.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Amerisafe's free cash flow?

Amerisafe (AMSF) generated $8.9M in free cash flow during fiscal year 2025. This represents a -61.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Amerisafe's operating cash flow?

Amerisafe (AMSF) generated $11.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Amerisafe's total assets?

Amerisafe (AMSF) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Amerisafe's capital expenditures?

Amerisafe (AMSF) invested $2.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Amerisafe have outstanding?

Amerisafe (AMSF) had 19M shares outstanding as of fiscal year 2025.

What is Amerisafe's debt-to-equity ratio?

Amerisafe (AMSF) had a debt-to-equity ratio of 3.49 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Amerisafe's return on assets (ROA)?

Amerisafe (AMSF) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Amerisafe's Piotroski F-Score?

Amerisafe (AMSF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Amerisafe's earnings high quality?

Amerisafe (AMSF) has an earnings quality ratio of 0.23x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Amerisafe?

Amerisafe (AMSF) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.