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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) reported financial results for Q1 2021, highlighting a significant decline in key metrics compared to Q1 2020. Net premiums earned dropped by 10.4% to $70.746 million, while net investment income fell by 15.0% to $6.583 million. Additionally, net realized gains on investments saw a sharp decline of 67.8%, totaling $319,000. These changes indicate potential challenges in the company's financial performance as it navigates a competitive insurance market.
AMERISAFE, Inc. (Nasdaq: AMSF) will release its Q1 2021 financial results on April 29, 2021, after market close. A conference call to discuss the results is scheduled for April 30, 2021, at 10:30 AM ET. The call can be accessed via phone at 323-794-2093 or online through the Company's website. AMERISAFE specializes in workers' compensation insurance for small to mid-sized employers in high-hazard industries, including construction and agriculture, operating in 27 states.
AMERISAFE, Inc. (Nasdaq: AMSF) has scheduled its 2021 annual meeting of shareholders for June 11, 2021, at 9:00 a.m. Central Time, to be held at its corporate headquarters in DeRidder, Louisiana. The record date for shareholders eligible to vote is April 19, 2021. AMERISAFE specializes in workers’ compensation insurance for high-hazard industries, including construction, trucking, and agriculture, and operates in 27 states.
AMERISAFE, Inc. (Nasdaq: AMSF) has announced a 7.4% increase in its quarterly dividend, raising it from $0.27 to $0.29 per share. This dividend will be payable on March 26, 2021, to shareholders of record as of March 12, 2021. Since initiating dividend payments in 2013, AMERISAFE has paid a total of $27.63 per share, including $5.88 in regular dividends and $21.75 in special dividends. The company is a leading provider of workers' compensation insurance for high hazard industries across 27 states.
AMERISAFE, a provider of workers’ compensation insurance, reported $86.6 million in net income for 2020, down 6.6% from 2019. The fourth quarter saw a 16.2% decrease in net income to $28.5 million, with diluted earnings per share at $1.47. Net premiums earned dropped 8.5% year-over-year to $304.4 million. Despite these challenges, the company announced a 7.4% increase in its quarterly dividend. The net combined ratio remained stable at 76.3%, with a return on average equity of 19.9%.
AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance, will release its 2020 fourth quarter and full year financial results on February 24, 2021, post market close. A conference call to discuss these results is scheduled for February 25, 2021, at 10:30 AM ET. This call will be accessible via phone or live stream on the company’s website. AMERISAFE primarily markets its services to small and mid-sized employers in hazardous industries across 27 states.
AMERISAFE, Inc. (AMSF) has declared a special cash dividend of $3.50 per share, payable on November 18, 2020, to shareholders of record as of November 11, 2020. Additionally, a regular quarterly dividend of $0.27 per share will be paid on December 18, 2020, to shareholders of record by December 4, 2020. Over the past eight years, AMERISAFE has issued a total of $27.63 per share in dividends, showcasing its commitment to shareholder returns amidst market challenges.
AMERISAFE, Inc. (Nasdaq: AMSF) announced a $3.50 per share extraordinary dividend and reported a net combined ratio of 72.8% for Q3 2020. Despite a 9.6% decline in net premiums earned at $74.8 million, net income increased 9.2% year-over-year to $23.4 million, resulting in diluted earnings per share of $1.21. The company experienced a 14.5% drop in net investment income and gross premiums written were 12.1% lower. AMERISAFE maintained a strong capital position despite challenges from Hurricanes Laura and Delta.
AMERISAFE, Inc. (Nasdaq: AMSF) announced plans to release its 2020 third quarter financial results on October 28, 2020, after market close. A conference call will follow on October 29, 2020, at 10:30 AM Eastern Time to discuss these results.
The company specializes in workers’ compensation insurance for high hazard industries and operates in 27 states, focusing on small to mid-sized employers.
AMERISAFE, Inc. (Nasdaq: AMSF) reported its Q2 2020 results, showing a significant decrease in net premiums earned by 8.4% to $75.964 million compared to Q2 2019. Net investment income also fell by 10.3% to $7.324 million. However, net income rose by 33.9% to $23.948 million, with diluted earnings per share increasing to $1.24. The company achieved a net combined ratio of 78.5%, down from 83.9% year-over-year, and experienced favorable prior case development. The ongoing impact of COVID-19 remains a concern for future premiums.
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