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AMERISAFE, Inc. (NASDAQ: AMSF) is a specialized provider of workers’ compensation insurance, headquartered in DeRidder, Louisiana. Since its incorporation in 1985, AMERISAFE has been focusing on serving small to mid-sized employers in hazardous industries such as construction, trucking, logging, and manufacturing. The company’s core business involves underwriting workers’ compensation insurance policies, which offer benefits to injured employees, covering temporary or permanent disability, death, and medical expenses.
AMERISAFE’s operations span 31 states and the District of Columbia, marketed through independent agencies and an insurance agency subsidiary. The company also provides general liability insurance specifically for workers’ compensation policyholders in the logging industry. Their expertise in hazardous industries has established AMERISAFE as a reliable provider, known for prudent underwriting practices and disciplined pricing.
Recent financial highlights include a stable balance sheet and strong operating performance. Notably, AMERISAFE reported a return on equity of 22.8% and a net combined ratio of 87.3% for the first quarter of 2024. The company’s investment portfolio stood at approximately $899.9 million as of March 31, 2024.
AMERISAFE’s commitment to capital management is evident through its consistent dividend payouts, including a recent special cash dividend of $3.50 per share and a regular quarterly dividend of $0.37 per share. These dividends reflect the company’s robust financial health and strategic capital management practices.
Additionally, AMERISAFE’s partnership with AM Best has resulted in maintained high credit ratings, with the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent). This demonstrates the company’s strong capitalization, effective risk management, and favorable loss reserve development.
In summary, AMERISAFE, Inc. stands out for its specialized focus on high-risk industries, strong financial performance, and strategic capital management, making it a significant player in the workers’ compensation insurance sector.
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.
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