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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, Inc. (NASDAQ: AMSF) has announced the appointment of
AMERISAFE, Inc. (Nasdaq: AMSF) reported its Q2 2022 results, showing a net combined ratio of 86.7%, up from 74.4% in Q2 2021. Net income plummeted by 74.2% to $6.1 million, translating to a diluted EPS of $0.32, a 74.0% decline year-over-year. Despite a modest increase in net premiums earned by 0.6% to $70.3 million, net investment income fell by 3.6%. Shareholder returns were impacted by a 17.5% decrease in book value per share.
AMERISAFE, Inc. (NASDAQ: AMSF) has been recognized as one of Ward's 50 top performing property-casualty companies for the 14th consecutive year. This accolade highlights the company's exceptional financial performance, safety measures, and consistency from 2017 to 2021. Janelle Frost, President and CEO, attributes this achievement to the dedication of the employees who aid injured workers and enhance the company's financial stability. AMERISAFE specializes in workers' compensation insurance for small to mid-sized employers in hazardous industries across 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) will announce its 2022 second quarter financial results on Thursday, July 28, 2022, after market close. Following the announcement, a conference call will be held on Friday, July 29, 2022, at 10:30 AM Eastern Time. Investors can participate via phone or a live webcast available on the AMERISAFE website. The company specializes in workers' compensation insurance for high-hazard industries, operating across 27 states.
AMERISAFE (AMSF) announced its Q1 2022 financial results, reporting net premiums earned of $67.6 million, down 4.5% from the previous year. The net income decreased by 10.3% to $17.3 million, with diluted earnings per share at $0.89, a 10.1% decline. However, operating net income rose 8.3% to $15.9 million. The net combined ratio improved to 80.1% from 84.6%. The company repurchased 43,893 shares and declared a quarterly dividend of $0.31, indicating continued shareholder value focus.
AMERISAFE, Inc. (NASDAQ: AMSF) will release its 2022 first quarter financial results on April 27, 2022, after the market closes. A conference call is scheduled for April 28, 2022, at 10:30 AM Eastern Time, accessible via phone and online. AMERISAFE specializes in workers' compensation insurance for hazardous industries, operating in 27 states and focusing primarily on small to mid-sized employers in sectors like construction and agriculture.
AMERISAFE (NASDAQ: AMSF) has scheduled its 2022 annual meeting of shareholders for June 10, 2022, at 9:00 a.m. central time at its headquarters in DeRidder, Louisiana. Shareholders eligible to vote must be recorded by April 18, 2022.
AMERISAFE offers workers’ compensation insurance primarily for high hazard industries, such as construction and trucking, across 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) has appointed Billy Greer to its Board of Directors, effective March 15, 2022. The Chairman, Jared A. Morris, expressed confidence in Greer's background and experience as a valuable addition to the board. G. Janelle Frost, President and CEO, highlighted Greer’s expertise in investment management, business development, and asset administration, noting that his appointment aligns with AMERISAFE's vision of converting risk into opportunity. AMERISAFE specializes in workers' compensation insurance for high hazard industries across 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) has announced a quarterly dividend increase of
AMERISAFE, a workers’ compensation insurance provider, reported a net income of $65.8 million for 2021, down 24.1% from the prior year, with a return on equity of 15.7%. The company faced a catastrophic claim that increased its loss ratio from 72.0% to 80.7%. Quarterly results showed net premiums earned decreased by 9.3% year-over-year. Investment income also fell by 13.4%. In response to its performance, the Board increased the quarterly dividend by 6.9% to $0.31 per share. The net combined ratio stood at 85.7% for the year, reflecting a challenging environment amid strong competition and economic uncertainties.
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