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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, 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.
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.
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