AMERISAFE Announces 2024 Third Quarter Results
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 ha riportato i risultati del terzo trimestre del 2024 con un utile netto di 14,3 milioni di dollari, in aumento del 43,8% rispetto all'anno precedente. I premi lordi scritti dall'azienda sono aumentati del 5,8%, raggiungendo 74,9 milioni di dollari, mentre i premi netti guadagnati sono saliti dello 0,6%, arrivando a 67,1 milioni di dollari. I premi volontari sono cresciuti dell'8,8% grazie all'aumento del nuovo business e a una forte fidelizzazione. Il rapporto combinato netto è stato del 90,9%, leggermente superiore al 90,6% del terzo trimestre del 2023. Il Consiglio ha dichiarato un dividendo straordinario in contante di 3,00 dollari per azione e un dividendo regolare di 0,37 dollari per azione, pagabile il 13 dicembre 2024.
AMERISAFE reportó los resultados del tercer trimestre de 2024 con un ingreso neto de 14.3 millones de dólares, un aumento del 43.8% en comparación con el año anterior. Las primas brutas suscritas por la compañía aumentaron un 5.8%, alcanzando los 74.9 millones de dólares, mientras que las primas netas ganadas crecieron un 0.6%, totalizando 67.1 millones de dólares. Las primas voluntarias crecieron un 8.8% debido al aumento de nuevos negocios y una fuerte retención. El ratio combinado neto fue del 90.9%, ligeramente superior al 90.6% en el tercer trimestre de 2023. La Junta declaró un dividendo extraordinario en efectivo de 3.00 dólares por acción y un dividendo regular de 0.37 dólares por acción, pagadero el 13 de diciembre de 2024.
AMERISAFE는 2024년 3분기 결과로 1,430만 달러의 순이익을 보고했으며, 이는 전년 대비 43.8% 증가한 수치입니다. 회사의 총 서면 보험료는 5.8% 증가하여 7,490만 달러에 달했고, 순보험료는 0.6% 증가하여 6,710만 달러에 올랐습니다. 자발적 보험료는 신규 거래 증가와 높은 유지를 바탕으로 8.8% 성장했습니다. 순합산비율은 90.9%로, 2023년 3분기의 90.6%보다 약간 높은 수치입니다. 이사회는 1주당 3.00달러의 특별 현금 배당금과 1주당 0.37달러의 정기 배당금을 선언했으며, 이는 2024년 12월 13일에 지급될 예정입니다.
AMERISAFE a annoncé les résultats du troisième trimestre 2024 avec un bénéfice net de 14,3 millions de dollars, en hausse de 43,8% par rapport à l'année précédente. Les primes brutes émises par l'entreprise ont augmenté de 5,8% pour atteindre 74,9 millions de dollars, tandis que les primes nettes gagnées ont légèrement augmenté de 0,6% pour atteindre 67,1 millions de dollars. Les primes volontaires ont crû de 8,8% grâce à une augmentation des nouveaux contrats et à une bonne fidélisation. Le ratio combiné net était de 90,9%, légèrement supérieur au 90,6% du troisième trimestre 2023. Le Conseil a déclaré un dividende exceptionnel en espèces de 3,00 dollars par action et un dividende régulier de 0,37 dollars par action, payable le 13 décembre 2024.
AMERISAFE hat die Ergebnisse des dritten Quartals 2024 mit einem Nettoergebnis von 14,3 Millionen Dollar veröffentlicht, was einem Anstieg von 43,8% im Vergleich zum Vorjahr entspricht. Die von dem Unternehmen geschriebenen Bruttoprämien stiegen um 5,8% auf 74,9 Millionen Dollar, während die verdienten Nettoprämien um 0,6% auf 67,1 Millionen Dollar zulegten. Die freiwilligen Prämien wuchsen um 8,8% aufgrund von neuem Geschäft und starker Kundenbindung. Der Netto-Kombinationssatz lag bei 90,9%, geringfügig höher als die 90,6% im dritten Quartal 2023. Der Vorstand erklärte eine sonstige Bardividende von 3,00 Dollar pro Aktie und eine reguläre Dividende von 0,37 Dollar pro Aktie, die am 13. Dezember 2024 ausgezahlt wird.
- Net income increased 43.8% YoY to $14.3 million
- Gross premiums written grew 5.8% to $74.9 million
- Voluntary premiums increased 8.8% due to strong retention and new business
- Special dividend of $3.00 per share declared alongside regular $0.37 dividend
- Book value per share increased 8.0% from December 2023
- Net investment income decreased 7.6% to $7.5 million
- Operating net income declined 4.6% to $11.1 million
- Operating earnings per share decreased 4.9% to $0.58
- Book value per share decreased 5.8% YoY to $16.50
- Underwriting profit decreased 2.7% to $6.1 million
Insights
AMERISAFE's Q3 2024 results show mixed performance. Net income increased 43.8% to
- Gross premiums written up
5.8% to$74.9 million - Combined ratio slightly deteriorated to
90.9% from90.6% - Book value per share declined
5.8% to$16.50
Three Months Ended |
|
|
|
Nine Months Ended |
|
|
|||||||||||||||
September 30, |
|
|
|
September 30, |
|
|
|||||||||||||||
|
2024 |
|
|
|
2023 |
|
|
% Change |
|
|
2024 |
|
|
|
2023 |
|
|
% Change |
|||
| (in thousands, except per share data) | (in thousands, except per share data) | ||||||||||||||||||||
| Net premiums earned | $ |
67,050 |
|
$ |
66,634 |
|
0.6 |
% |
$ |
204,129 |
|
$ |
201,413 |
|
1.3 |
% |
|||||
| Net investment income |
|
7,485 |
|
|
8,105 |
|
-7.6 |
% |
|
22,298 |
|
|
23,262 |
|
-4.1 |
% |
|||||
| Net realized gains (losses) on | |||||||||||||||||||||
| investments (pre-tax) |
|
158 |
|
|
5,133 |
|
-96.9 |
% |
|
(181 |
) |
|
5,466 |
|
NM |
|
|||||
| Net unrealized gains (losses) on | |||||||||||||||||||||
| equity securities (pre-tax) |
|
3,873 |
|
|
(7,309 |
) |
NM |
|
|
8,591 |
|
|
(3,892 |
) |
NM |
|
|||||
| Net income |
|
14,324 |
|
|
9,961 |
|
43.8 |
% |
|
42,242 |
|
|
42,927 |
|
-1.6 |
% |
|||||
| Diluted earnings per share | $ |
0.75 |
|
$ |
0.52 |
|
44.2 |
% |
$ |
2.21 |
|
$ |
2.23 |
|
-0.9 |
% |
|||||
| Operating net income |
|
11,140 |
|
|
11,680 |
|
-4.6 |
% |
|
35,598 |
|
|
41,684 |
|
-14.6 |
% |
|||||
| Operating earnings per share | $ |
0.58 |
|
$ |
0.61 |
|
-4.9 |
% |
$ |
1.86 |
|
$ |
2.17 |
|
-14.3 |
% |
|||||
| Book value per share | $ |
16.50 |
|
$ |
17.51 |
|
-5.8 |
% |
$ |
16.50 |
|
$ |
17.51 |
|
-5.8 |
% |
|||||
| Net combined ratio |
|
90.9 |
% |
|
90.6 |
% |
|
89.6 |
% |
|
86.1 |
% |
|||||||||
| Return on average equity |
|
18.6 |
% |
|
11.8 |
% |
|
18.6 |
% |
|
17.5 |
% |
|||||||||
G. Janelle Frost, President and Chief Executive Officer, noted, “We are pleased with this quarter’s performance. We maintained premium growth momentum and strong renewal retention despite a declining rate environment. Our long tenure in the high-hazard workers’ compensation market enables AMERISAFE the ability to attract and retain quality business in the classes that we operate in, driving long-term shareholder value creation.”
INSURANCE RESULTS
Three Months Ended |
|
|
|
Nine Months Ended |
|
|
|||||||||||||||
September 30, |
|
|
|
September 30, |
|
|
|||||||||||||||
|
2024 |
|
|
|
2023 |
|
|
% Change |
|
|
2024 |
|
|
|
2023 |
|
|
% Change |
|||
(in thousands) |
|
|
|
(in thousands) |
|
|
|||||||||||||||
| Gross premiums written | $ |
74,940 |
|
$ |
70,840 |
|
5.8 |
% |
$ |
231,442 |
|
$ |
225,031 |
|
2.8 |
% |
|||||
| Net premiums earned |
|
67,050 |
|
|
66,634 |
|
0.6 |
% |
|
204,129 |
|
|
201,413 |
|
1.3 |
% |
|||||
| Loss and loss adjustment expenses incurred |
|
39,150 |
|
|
37,154 |
|
5.4 |
% |
|
119,765 |
|
|
111,808 |
|
7.1 |
% |
|||||
| Underwriting and certain other operating | |||||||||||||||||||||
| costs, commissions, salaries and benefits |
|
21,252 |
|
|
22,371 |
|
-5.0 |
% |
|
60,379 |
|
|
59,325 |
|
1.8 |
% |
|||||
| Policyholder dividends |
|
513 |
|
|
804 |
|
-36.2 |
% |
|
2,634 |
|
|
2,225 |
|
18.4 |
% |
|||||
| Underwriting profit (pre-tax) | $ |
6,135 |
|
$ |
6,305 |
|
-2.7 |
% |
$ |
21,351 |
|
$ |
28,055 |
|
-23.9 |
% |
|||||
| Insurance Ratios: | |||||||||||||||||||||
| Current accident year loss ratio |
|
71.0 |
% |
|
71.0 |
% |
|
71.0 |
% |
|
71.0 |
% |
|||||||||
| Prior accident year loss ratio |
|
-12.6 |
% |
|
-15.2 |
% |
|
-12.3 |
% |
|
-15.5 |
% |
|||||||||
| Net loss ratio |
|
58.4 |
% |
|
55.8 |
% |
|
58.7 |
% |
|
55.5 |
% |
|||||||||
| Net underwriting expense ratio |
|
31.7 |
% |
|
33.6 |
% |
|
29.6 |
% |
|
29.5 |
% |
|||||||||
| Net dividend ratio |
|
0.8 |
% |
|
1.2 |
% |
|
1.3 |
% |
|
1.1 |
% |
|||||||||
| Net combined ratio |
|
90.9 |
% |
|
90.6 |
% |
|
89.6 |
% |
|
86.1 |
% |
|||||||||
-
Voluntary premiums on policies written in the quarter were
8.8% higher than in the third quarter of 2023, primarily due to an increase in new business and strong retention.
-
Payroll audits and related premium adjustments increased premiums written by
$4.0 million $5.6 million -
The loss ratio for the third quarter was
58.4% , compared to55.8% in the third quarter of 2023. During the quarter, the Company experienced favorable net loss reserve development for prior accident years, which reduced loss and loss adjustment expenses by$8.5 million -
The net underwriting expense ratio was
31.7% , compared to33.6% in the third quarter of 2023. The expense ratio reflects continued investment that has driven profitable growth.
-
The effective tax rate for the quarter ended September 30, 2024, was
19.5% , which is in line for the quarter ended September 30, 2023.
INVESTMENT RESULTS
Three Months Ended |
|
|
|
Nine Months Ended |
|
|
|||||||||||||||
September 30, |
|
|
|
September 30, |
|
|
|||||||||||||||
|
2024 |
|
|
|
2023 |
|
|
% Change |
|
|
2024 |
|
|
|
2023 |
|
|
% Change |
|||
(in thousands) |
|
|
|
(in thousands) |
|
|
|||||||||||||||
| Net investment income | $ |
7,485 |
|
$ |
8,105 |
|
-7.6 |
% |
$ |
22,298 |
|
$ |
23,262 |
|
-4.1 |
% |
|||||
| Net realized gains (losses) | |||||||||||||||||||||
| on investments (pre-tax) |
|
158 |
|
|
5,133 |
|
-96.9 |
% |
|
(181 |
) |
|
5,466 |
|
NM |
|
|||||
| Net unrealized gains (losses) on | |||||||||||||||||||||
| equity securities (pre-tax) |
|
3,873 |
|
|
(7,309 |
) |
NM |
|
|
8,591 |
|
|
(3,892 |
) |
NM |
|
|||||
| Pre-tax investment yield |
|
3.4 |
% |
|
3.4 |
% |
|
3.3 |
% |
|
3.3 |
% |
|||||||||
| Tax-equivalent yield (1) |
|
3.8 |
% |
|
3.8 |
% |
|
3.8 |
% |
|
3.8 |
% |
|||||||||
(1) |
The tax equivalent yield is calculated using the effective interest rate and the appropriate marginal tax rate. |
-
Net investment income for the quarter ended September 30, 2024, decreased
7.6% to$7.5 million -
Net unrealized gains on equity securities were
$3.9 million $7.3 million -
As of September 30, 2024, the carrying value of AMERISAFE’s investment portfolio, including cash and cash equivalents, was
$899.2 million
CAPITAL MANAGEMENT
On October 22, 2024, the Board of Directors of AMERISAFE declared a special cash dividend of
During the third quarter of 2024, the Company repurchased 21,586 shares at an average cost (including commissions and excise tax) of
Book value per share on September 30, 2024, was
SUPPLEMENTAL INFORMATION
Three Months Ended |
|
Nine Months Ended |
|||||||||||||
September 30, |
|
September 30, |
|||||||||||||
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
|
(in thousands, except share and per share data) |
|||||||||||||||
| Net income | $ |
14,324 |
|
$ |
9,961 |
|
$ |
42,242 |
|
$ |
42,927 |
|
|||
| Less: | |||||||||||||||
| Net realized gains (losses) on investments |
|
158 |
|
|
5,133 |
|
|
(181 |
) |
|
5,466 |
|
|||
| Net unrealized gains (losses) on | |||||||||||||||
| equity securities (pre-tax) |
|
3,873 |
|
|
(7,309 |
) |
|
8,591 |
|
|
(3,892 |
) |
|||
| Tax effect (1) |
|
(847 |
) |
|
457 |
|
|
(1,766 |
) |
|
(331 |
) |
|||
| Operating net income (2) | $ |
11,140 |
|
$ |
11,680 |
|
$ |
35,598 |
|
$ |
41,684 |
|
|||
| Average shareholders’ equity (3) | $ |
307,682 |
|
$ |
338,225 |
|
$ |
303,411 |
|
$ |
326,658 |
|
|||
| Less: | |||||||||||||||
| Average accumulated other comprehensive | |||||||||||||||
| loss |
|
(6,118 |
) |
|
(16,232 |
) |
|
(4,935 |
) |
|
(17,096 |
) |
|||
| Average adjusted shareholders’ equity (2) | $ |
313,800 |
|
$ |
354,457 |
|
$ |
308,346 |
|
$ |
343,754 |
|
|||
| Diluted weighted average common shares |
|
19,113,103 |
|
|
19,223,588 |
|
|
19,156,976 |
|
|
19,217,606 |
|
|||
| Return on average equity (4) |
|
18.6 |
% |
|
11.8 |
% |
|
18.6 |
% |
|
17.5 |
% |
|||
| Operating return on average adjusted equity (2) |
|
14.2 |
% |
|
13.2 |
% |
|
15.4 |
% |
|
16.2 |
% |
|||
| Diluted earnings per share | $ |
0.75 |
|
$ |
0.52 |
|
$ |
2.21 |
|
$ |
2.23 |
|
|||
| Operating earnings per share (2) | $ |
0.58 |
|
$ |
0.61 |
|
$ |
1.86 |
|
$ |
2.17 |
|
|||
(1) |
The tax effect of net realized losses on investments and net unrealized gains (losses) on equity securities is calculated with an effective tax rate of |
(2) |
Operating net income, average adjusted shareholders’ equity, operating return on average adjusted equity and operating earnings per share are non-GAAP financial measures. Management believes that investors’ understanding of core operating performance is enhanced by AMERISAFE’s disclosure of these financial measures. |
(3) |
Average shareholders’ equity is calculated by taking the average of the beginning and ending shareholders’ equity for the applicable period. |
(4) |
Return on average equity is calculated by dividing the annualized net income by the average shareholders’ equity. |
NON-GAAP FINANCIAL MEASURES
This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the
Management believes that investors’ understanding of core operating performance is enhanced by AMERISAFE’s disclosure of these financial measures, which include operating net income, average adjusted shareholders’ equity, operating return on average adjusted equity, and operating earnings per share.
CONFERENCE CALL INFORMATION
AMERISAFE has scheduled a conference call for October 24, 2024, at 10:30 a.m. Eastern Time to discuss the results for the quarter and comment on future periods. To participate in the conference call, dial 786-789-4797 (Conference Code 7683088) at least ten minutes before the call begins.
Investors, analysts, and the general public will also have the opportunity to listen to the conference call over the Internet by visiting the “Investor Relations Home” page of the “Investors” section of the Company’s website (http://www.amerisafe.com). To listen to the live call on the web, please visit the website at least fifteen minutes before the call begins to register, download, and install any necessary audio software. For those who cannot listen to the live webcast, an archive will be available shortly after the call at the same website location.
ABOUT AMERISAFE
AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, and manufacturing. AMERISAFE actively markets workers’ compensation insurance in 27 states.
FORWARD LOOKING STATEMENTS
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “anticipate,” “expect,” “estimate,” or similar words are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding AMERISAFE’s plans and performance. These statements are based on management’s estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance and include statements regarding management’s views and expectations of the workers’ compensation market, the Company’s growth opportunities, underwriting margins and actions by competitors. Actual results may differ materially from the results expressed or implied in these statements if the underlying assumptions prove to be incorrect or as the results of risks, uncertainties, and other factors on the business and operations of the Company and our policyholders and the market value of our investment portfolio. Additional factors that may affect our results are set forth in the Company’s filings with the Securities and Exchange Commission, including AMERISAFE’s Annual Report on Form 10-K. AMERISAFE cautions you not to place undue reliance on the forward-looking statements contained in this release. AMERISAFE does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information, or circumstances that arise after the date of this release.
AMERISAFE, INC. AND SUBSIDIARIES Consolidated Statements of Income (in thousands, except per share amounts)
|
|||||||||||||||
Three Months Ended |
|
Nine Months Ended |
|||||||||||||
September 30, |
|
September 30, |
|||||||||||||
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
|
(unaudited) |
|
(unaudited) |
|||||||||||||
| Revenues: | |||||||||||||||
| Gross premiums written | $ |
74,940 |
|
$ |
70,840 |
|
$ |
231,442 |
|
$ |
225,031 |
|
|||
| Ceded premiums written |
|
(3,951 |
) |
|
(4,112 |
) |
|
(11,904 |
) |
|
(12,256 |
) |
|||
| Net premiums written | $ |
70,989 |
|
$ |
66,728 |
|
$ |
219,538 |
|
$ |
212,775 |
|
|||
| Net premiums earned | $ |
67,050 |
|
$ |
66,634 |
|
$ |
204,129 |
|
$ |
201,413 |
|
|||
| Net investment income |
|
7,485 |
|
|
8,105 |
|
|
22,298 |
|
|
23,262 |
|
|||
| Net realized gains (losses) on investments |
|
158 |
|
|
5,133 |
|
|
(181 |
) |
|
5,466 |
|
|||
| Net unrealized gains (losses) on | |||||||||||||||
| equity securities |
|
3,873 |
|
|
(7,309 |
) |
|
8,382 |
|
|
(3,894 |
) |
|||
| Fee and other income |
|
129 |
|
|
77 |
|
|
386 |
|
|
490 |
|
|||
| Total revenues |
|
78,695 |
|
|
72,640 |
|
|
235,014 |
|
|
226,737 |
|
|||
| Expenses: | |||||||||||||||
| Loss and loss adjustment expenses incurred |
|
39,150 |
|
|
37,154 |
|
|
119,765 |
|
|
111,808 |
|
|||
| Underwriting and other operating costs |
|
21,252 |
|
|
22,371 |
|
|
60,379 |
|
|
59,325 |
|
|||
| Policyholder dividends |
|
513 |
|
|
804 |
|
|
2,634 |
|
|
2,225 |
|
|||
| Provision for investment related credit | |||||||||||||||
| loss benefit |
|
(13 |
) |
|
(16 |
) |
|
(46 |
) |
|
(51 |
) |
|||
| Total expenses |
|
60,902 |
|
|
60,313 |
|
|
182,732 |
|
|
173,307 |
|
|||
| Income before taxes |
|
17,793 |
|
|
12,327 |
|
|
52,282 |
|
|
53,430 |
|
|||
| Income tax expense |
|
3,469 |
|
|
2,366 |
|
|
10,040 |
|
|
10,503 |
|
|||
| Net income | $ |
14,324 |
|
$ |
9,961 |
|
$ |
42,242 |
|
$ |
42,927 |
|
|||
| Basic EPS: | |||||||||||||||
| Net income | $ |
14,324 |
|
$ |
9,961 |
|
$ |
42,242 |
|
$ |
42,927 |
|
|||
| Basic weighted average common shares |
|
19,042,152 |
|
|
19,164,854 |
|
|
19,082,374 |
|
|
19,145,432 |
|
|||
| Basic earnings per share | $ |
0.75 |
|
$ |
0.52 |
|
$ |
2.21 |
|
$ |
2.24 |
|
|||
| Diluted EPS: | |||||||||||||||
| Net income | $ |
14,324 |
|
$ |
9,961 |
|
$ |
42,242 |
|
$ |
42,927 |
|
|||
| Diluted weighted average common shares: | |||||||||||||||
| Weighted average common shares |
|
19,042,152 |
|
|
19,164,854 |
|
|
19,082,374 |
|
|
19,145,432 |
|
|||
| Restricted stock and RSUs |
|
70,951 |
|
|
58,734 |
|
|
74,602 |
|
|
72,174 |
|
|||
| Diluted weighted average common shares |
|
19,113,103 |
|
|
19,223,588 |
|
|
19,156,976 |
|
|
19,217,606 |
|
|||
| Diluted earnings per share | $ |
0.75 |
|
$ |
0.52 |
|
$ |
2.21 |
|
$ |
2.23 |
|
|||
AMERISAFE, INC. AND SUBSIDIARIES Consolidated Balance Sheets (in thousands)
|
|||||||
September 30, |
|
December 31, |
|||||
|
2024 |
|
|
|
2023 |
|
|
| (unaudited) | |||||||
| Assets | |||||||
| Investments | $ |
835,532 |
$ |
857,786 |
|||
| Cash and cash equivalents |
|
63,663 |
|
|
38,682 |
|
|
| Amounts recoverable from reinsurers |
|
128,963 |
|
|
129,963 |
|
|
| Premiums receivable, net |
|
152,945 |
|
|
132,861 |
|
|
| Deferred income taxes |
|
19,499 |
|
|
20,403 |
|
|
| Deferred policy acquisition costs |
|
20,148 |
|
|
17,975 |
|
|
| Other assets |
|
33,977 |
|
|
31,492 |
|
|
$ |
1,254,727 |
|
$ |
1,229,162 |
|
||
| Liabilities and Shareholders’ Equity | |||||||
| Liabilities: | |||||||
| Reserves for loss and loss adjustment expenses | $ |
663,486 |
|
$ |
673,994 |
|
|
| Unearned premiums |
|
131,994 |
|
|
116,585 |
|
|
| Insurance-related assessments |
|
16,841 |
|
|
16,896 |
|
|
| Other liabilities |
|
128,035 |
|
|
129,236 |
|
|
| Shareholders’ equity |
|
314,371 |
|
|
292,451 |
|
|
| Total liabilities and shareholders’ equity | $ |
1,254,727 |
|
$ |
1,229,162 |
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20241023884413/en/
Andy Omiridis, EVP & CFO
AMERISAFE
337.463.9052
Source: AMERISAFE, Inc.
FAQ
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