Welcome to our dedicated page for Amerisafe news (Ticker: AMSF), a resource for investors and traders seeking the latest updates and insights on Amerisafe stock.
About AMERISAFE, Inc. (AMSF)
AMERISAFE, Inc. is a specialized provider of workers' compensation insurance, catering to small and midsized employers operating in high-risk industries. Founded in 1985 and headquartered in DeRidder, Louisiana, the company has established itself as a trusted partner for businesses in sectors such as construction, trucking, logging, agriculture, oil and gas, and maritime. By focusing on hazardous industries, AMERISAFE addresses a critical market need, offering tailored insurance solutions for employers facing elevated workplace risks.
Core Business Model
AMERISAFE generates the majority of its revenue through insurance premiums, underwriting policies that provide essential benefits to injured employees. These policies cover temporary or permanent disability, death benefits, and medical and hospital expenses. In addition to workers' compensation insurance, the company offers general liability insurance to its workers' compensation policyholders in the logging industry, further diversifying its product offerings.
Market Reach and Distribution
The company operates across 31 states and the District of Columbia, leveraging a dual distribution strategy. AMERISAFE markets its policies through independent insurance agencies as well as its own insurance agency subsidiary. This hybrid approach enhances market penetration while maintaining a strong focus on customer service and specialized risk management.
Industry Expertise and Differentiation
AMERISAFE's competitive edge lies in its deep expertise in underwriting and risk assessment for hazardous industries. By concentrating on sectors with inherently higher workplace risks, the company has honed its ability to evaluate and mitigate potential liabilities. This specialization not only allows AMERISAFE to offer competitive and comprehensive coverage but also positions it as a reliable partner for businesses navigating complex regulatory and safety challenges.
Challenges and Opportunities
Operating in the specialty insurance market, AMERISAFE faces challenges such as regulatory compliance, claims management, and competition from both general insurers and niche providers. However, its focus on underserved high-risk industries provides significant growth opportunities. By continuously refining its underwriting processes and expanding its market reach, AMERISAFE is well-positioned to address the evolving needs of its target audience.
Conclusion
AMERISAFE, Inc. exemplifies a focused and strategic approach to workers' compensation insurance, serving as a vital resource for employers in hazardous industries. Its commitment to specialized underwriting, risk management, and customer service underscores its role as a key player in the niche insurance market. Investors and stakeholders can appreciate the company's ability to navigate the complexities of high-risk sectors while maintaining a strong market presence.
AMERISAFE (Nasdaq: AMSF) announced a 5.4% increase in its quarterly dividend from $0.37 to $0.39 per share. The dividend will be payable on March 21, 2025, to shareholders of record as of March 7, 2025.
The specialty workers' compensation insurance provider, focusing on high-hazard industries, has maintained a consistent dividend payment history since 2013. Over this period, the company has declared total dividends of $47.76 per share, consisting of $11.51 in regular dividends and $36.25 in special dividends.
AMERISAFE (NASDAQ: AMSF) reported strong financial results for Q4 and full-year 2024, with net income of $55.4 million and a return on equity of 20.2%. The company demonstrated resilience in a competitive workers' compensation insurance market, achieving an 8.5% increase in voluntary premiums during Q4 and a 4.6% increase for the full year.
Key performance metrics include:
- Combined ratios of 86.1% in Q4 and 88.7% for the year
- Favorable net loss reserve development of $9.7M in Q4 and $34.9M for the year
- Underwriting expense ratio of 29.7% in Q4 and 29.6% for the year
- Net investment income decreased 14.4% to $6.9M in Q4 and 6.8% to $29.2M for the year
The Board approved a 5.4% increase in quarterly dividend to $0.39 per share, payable March 21, 2025. The investment portfolio, including cash equivalents, stood at $832.8M as of December 31, 2024.
AMERISAFE (NASDAQ: AMSF), a specialty provider of workers' compensation insurance focused on high-hazard industries, has scheduled its 2024 fourth quarter and full year earnings release for Wednesday, February 26, 2025, after market close. The company will host a conference call and live webcast the following day, Thursday, February 27, 2025, at 10:30 AM Eastern time (9:30 AM Central Time). Investors can access the webcast through the company's website, where an archive will be available for 60 days in the 'Investors' section.
AMERISAFE (AMSF) has announced a special cash dividend of $3.00 per share and a regular quarterly dividend of $0.37 per share. Both dividends will be payable on December 13, 2024, to shareholders of record as of December 6, 2024. The company has demonstrated strong dividend performance, having declared total dividends of $47.37 per share over the past twelve years, including $11.12 in regular dividends and $36.25 in special dividends.
AMERISAFE reported third quarter 2024 results with net income of $14.3 million, up 43.8% year-over-year. The company's gross premiums written increased 5.8% to $74.9 million, while net premiums earned rose 0.6% to $67.1 million. Voluntary premiums grew 8.8% due to increased new business and strong retention. The net combined ratio was 90.9%, slightly higher than 90.6% in Q3 2023. The Board declared a special cash dividend of $3.00 per share and a regular dividend of $0.37 per share, payable December 13, 2024.
AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers' compensation insurance focused on high-hazard industries, has announced its schedule for the 2024 third quarter earnings release and conference call. The company will release its Q3 2024 results on Wednesday, October 23, 2024, after the market closes. A conference call and live webcast will follow on Thursday, October 24, 2024, at 10:30 AM Eastern time (9:30 AM Central Time).
Interested parties can access the conference call by dialing 786-789-4797 with the Conference ID: 7683088. The webcast will be available at http://webcasts.com/Amerisafe2024Q3Earnings. An archive of the webcast will remain accessible for 60 days in the "Investors" section of AMERISAFE's website following the call.
AMERISAFE (Nasdaq: AMSF) reported its Q2 2024 results, showing mixed performance. Net premiums earned increased by 4.6% to $68.6 million, while net income decreased by 29.7% to $11 million. The company's gross premiums written grew by 6.6% to $76.4 million, driven by new business generation, strong retention, and increased audit premiums. However, the net combined ratio rose to 90.5% from 85.4% in Q2 2023. AMERISAFE maintained a strong underwriting profit of $6.5 million, despite a 31.2% decrease from the previous year. The company's book value per share declined by 11.1% to $15.78. AMERISAFE continued its capital management initiatives, repurchasing shares and increasing its quarterly dividend by 8.8% to $0.37 per share.
AMERISAFE (Nasdaq: AMSF), a provider of workers' compensation insurance in high-risk industries, has been named to Ward's 50 top-performing property-casualty companies for the 16th consecutive year. This award, covering the period from 2019-2023, recognizes exceptional financial achievements in safety, consistency, and performance. AMERISAFE's President and CEO, Janelle Frost, commended the team for their remarkable efforts in securing this recognition, highlighting the company’s sustained excellence and commitment to high standards.
AMERISAFE (Nasdaq: AMSF), a provider of workers' compensation insurance for high-hazard industries, will release its 2024 second quarter results on Monday, July 29, 2024, after market close. The company will also conduct a conference call and live webcast on Tuesday, July 30, 2024, at 10:30 AM Eastern Time. Investors can access the webcast via the company's website, and an archive will be available for 60 days post-call.
FAQ
What is the current stock price of Amerisafe (AMSF)?
What is the market cap of Amerisafe (AMSF)?
What does AMERISAFE, Inc. specialize in?
How does AMERISAFE generate revenue?
What industries does AMERISAFE serve?
How does AMERISAFE differentiate itself from competitors?
Where does AMERISAFE operate?
What additional insurance products does AMERISAFE offer?
What are the key challenges faced by AMERISAFE?
What opportunities exist for AMERISAFE in its market?
How does AMERISAFE distribute its insurance products?
What makes AMERISAFE's business model unique?
