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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) 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.
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.
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