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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) announced that it will release its 2021 fourth quarter and full year financial results on February 22, 2022, after market close. A conference call is scheduled for February 23, 2022, at 10:30 AM Eastern time, where executives will discuss the results. Investors can join via phone or through the company's website. AMERISAFE specializes in workers' compensation insurance for hazardous industries, marketing in 27 states, primarily targeting small to mid-sized employers.
AMERISAFE, Inc. (Nasdaq: AMSF) announced the planned retirement of CFO Neal Fuller, effective in 2022. Joining AMERISAFE in 2015, Fuller has over 30 years of experience in the insurance sector. G. Janelle Frost, CEO, expressed gratitude for Fuller’s leadership and commitment during the transition. AMERISAFE will initiate an executive search for a new CFO. The company specializes in workers’ compensation insurance for high-hazard industries, operating in 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) declared a special cash dividend of
AMERISAFE, a workers’ compensation insurance provider (Nasdaq: AMSF), reported a Q3 net income of $19.1 million, down 18.1% from last year, with diluted earnings per share at $0.99. The company declared a special cash dividend of $4.00 per share and continues to show a strong net combined ratio of 71.5%. However, net premiums earned decreased by 9.6% to $67.6 million, alongside a 14.4% drop in net investment income. Positive trends in prior accident year claims indicate operational improvements.
AMERISAFE, Inc. (NASDAQ: AMSF) will release its 2021 third quarter financial results on October 27, 2021, after market close. A conference call is scheduled for October 28, 2021, at 10:30 AM Eastern time, where the company will discuss the results. The call can be accessed via phone or live-streamed on the company’s website. AMERISAFE specializes in workers’ compensation insurance for high-hazard industries, active in 27 states, primarily focusing on small to mid-sized employers in sectors like construction and trucking.
AMERISAFE, a workers’ compensation insurance provider, reported its Q2 2021 financial results, showing a decrease in net premiums earned by 8.0% year-over-year to $69.9 million, and a 9.2% decline for the first half of the year. Net investment income also fell by 8.1%. However, net income remained stable at $23.8 million, leading to diluted earnings per share of $1.23. The company achieved a 74.4% net combined ratio, reflecting improved underwriting performance and cost management. Book value per share rose to $24.19, up from $23.94 a year ago.
AMERISAFE, Inc. (Nasdaq: AMSF) has been recognized in Ward’s 50 top performing property-casualty companies for the 13th consecutive year, reflecting exceptional financial performance from 2016 to 2020.
This recognition highlights the company's dedication to safety, consistency, and performance. Janelle Frost, President and CEO, attributed this achievement to the commitment of AMERISAFE employees in transforming risk into opportunity.
AMERISAFE specializes in workers’ compensation insurance for high hazard industries, operating in 27 states.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+' for American Interstate Insurance Company, Silver Oak Casualty, Inc., and American Interstate Insurance Company of Texas, collectively known as AMERISAFE Insurance Group. Additionally, AM Best has confirmed the Long-Term Issuer Credit Rating of 'bbb+' for AMERISAFE, Inc. (NASDAQ: AMSF), with a stable outlook. This assessment reflects the group's strong balance sheet, operating performance, neutral business profile, and effective enterprise risk management.
AMERISAFE, Inc. (Nasdaq: AMSF) will release its 2021 second quarter financial results on July 28, 2021, after market close. A conference call is scheduled for July 29, 2021, at 10:30 AM Eastern Time, where financial results will be discussed. Interested parties can participate via phone (dial 323-701-0225, Conference Code 2203760) or listen online at www.amerisafe.com. The company specializes in workers’ compensation insurance for high-hazard industries across 27 states.
AMERISAFE, Inc. (Nasdaq: AMSF) has announced the appointment of Mary Ellen Hamel as Senior Vice President of Sales. With over 20 years of experience in the insurance sector, including her recent role as Divisional President at Republic Companies, Ms. Hamel brings valuable expertise in sales management. G. Janelle Frost, President and CEO of AMERISAFE, expressed confidence in Hamel's ability to enhance sales execution, benefiting both the company and its agents. AMERISAFE specializes in workers' compensation insurance for high hazard industries across 27 states.
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