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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, a specialty workers' compensation insurance provider, reported its Q1 2023 results, showcasing a net income of $17.3 million, equivalent to $0.90 per diluted share, a slight increase from Q1 2022. The net premiums earned grew by 2.4% to $69.2 million, while net investment income surged 21.6% to $7.4 million, driven by higher yields. The net combined ratio stood at 82.2%, up from 80.1%, indicating increased operating costs. The company announced a regular dividend of $0.34 per share, up 9.7% from the previous year. Despite challenges in premium growth due to declining loss costs, AMERISAFE remains optimistic about its long-term value, emphasized by a return on equity of 21.3%, an improvement from 17.4% year-over-year.
AMERISAFE, Inc. (NASDAQ: AMSF), a provider of workers’ compensation insurance for high hazard industries, will release its Q1 2023 financial results on April 26, 2023, after market close. A conference call and live webcast is scheduled for April 27, 2023, at 10:30 AM Eastern time. The company serves small to mid-sized employers in hazardous sectors such as construction and agriculture across 27 states. An archived version of the webcast will be accessible for 60 days post-call.
AMERISAFE, Inc. (NASDAQ: AMSF), a leader in workers’ compensation insurance for high hazard industries, has announced the date for its 2023 annual meeting of shareholders. Set for June 9, 2023, at 9:00 a.m. CT, the meeting will take place at the corporate headquarters in DeRidder, Louisiana. Shareholders eligible to vote will be determined by a record date of April 17, 2023. The company primarily serves small to mid-sized employers in sectors such as construction, trucking, and agriculture, operating across 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) has announced a 9.7% increase in its quarterly dividend, raising it from
AMERISAFE, Inc. (Nasdaq: AMSF) reported a net income of $55.6 million for 2022, a 15.4% decline from the previous year. The company achieved a return on equity of 15.5% and a net combined ratio of 83.6%.
In Q4 2022, net premiums earned fell 2.5% to $66.1 million, while net investment income grew 25.8% to $7.6 million. The diluted earnings per share increased to $1.08 from $0.18.
The Board approved a 6.5% increase in the quarterly dividend, now $0.34 per share, payable March 24, 2023.
AMERISAFE, Inc. (NASDAQ: AMSF), a specialist in workers' compensation insurance for high hazard industries, is set to release its fourth quarter and full-year financial results for 2022 on February 20, 2023, after the market closes. A conference call will follow on February 21, 2023, at 11:00 AM Eastern Time. The webcast will be accessible through their website, and an archive will be available for 60 days. AMERISAFE serves small to mid-sized businesses across 27 states, focusing on sectors like construction and agriculture.
AMERISAFE, Inc. (NASDAQ: AMSF) announced the retirement of Millard Morris from its Board of Directors, effective December 31, 2022. Morris, the founder of AMERISAFE, served on the board since 2007 after previously holding positions including Chairman and CEO. His extensive knowledge of hazardous workers' compensation insurance has greatly benefited the company. Current Chairman Jared Morris and CEO Janelle Frost expressed gratitude for his leadership and vision, highlighting the company's commitment to serving small to mid-sized employers in hazardous industries across 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) announced a special cash dividend of
AMERISAFE, a specialty provider of workers’ compensation insurance, reported Q3 2022 results with net premiums earned at $67.8 million, showing a marginal increase of 0.2% year-over-year. However, net income dropped significantly by 40.6% to $11.4 million, with diluted earnings per share falling to $0.59. The net combined ratio increased to 85.4%, up from 71.5% in Q3 2021, indicating higher claims costs. Investment income grew by 15.4% to $7.0 million, but net unrealized losses on equity securities amounted to $4.1 million. The company declared a special dividend of $4.00 per share, alongside regular dividends.
AMERISAFE, Inc. (NASDAQ: AMSF) will release its 2022 third quarter financial results on October 26, 2022, after market close. A conference call will follow on October 27, 2022, at 10:30 AM ET. The call will be accessible via phone at 323-701-0225 (Conference Code 3095655) or online at www.amerisafe.com. AMERISAFE provides workers’ compensation insurance for high hazard industries and operates across 27 states.
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