Amerisafe Inc
NASDAQ:AMSF
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Amerisafe Inc
AMERISAFE, Inc. is a holding company, which engages the provision of workers' compensation insurance focuses on small to mid-sized employers. The company is headquartered in Deridder, Louisiana and currently employs 371 full-time employees. The company went IPO on 2005-11-18. The firm is focused on the small to mid-sized employers engaged in hazardous industries, construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications and maritime. Construction Includes highway and bridge construction, building and maintenance of pipeline and powerline networks, excavation, commercial construction, roofing, iron and steel erection, tower erection and other specialized construction operations. Trucking Includes contract haulers, regional and local freight carriers, special equipment transporters and other trucking companies. Logging and Lumber Includes tree harvesting, tree trimming, sawmills, and other operations associated with lumber and wood products. Its workers compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death and medical and hospital expenses.
AMERISAFE, Inc. is a holding company, which engages the provision of workers' compensation insurance focuses on small to mid-sized employers. The company is headquartered in Deridder, Louisiana and currently employs 371 full-time employees. The company went IPO on 2005-11-18. The firm is focused on the small to mid-sized employers engaged in hazardous industries, construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications and maritime. Construction Includes highway and bridge construction, building and maintenance of pipeline and powerline networks, excavation, commercial construction, roofing, iron and steel erection, tower erection and other specialized construction operations. Trucking Includes contract haulers, regional and local freight carriers, special equipment transporters and other trucking companies. Logging and Lumber Includes tree harvesting, tree trimming, sawmills, and other operations associated with lumber and wood products. Its workers compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death and medical and hospital expenses.
Strong Premium Growth: Voluntary premiums grew 10.6%, and gross written premiums increased by 7.2% year-over-year, marking the sixth straight quarter of top-line growth.
Solid Profitability: Return on average equity reached 20.5% and the combined ratio was 90.6%, reflecting continued underwriting discipline.
Stable Loss Ratios: Accident year loss ratio remained steady at 71%, with frequency at historic lows, though severity is edging higher.
Dividend Actions: The Board declared a $0.39 regular quarterly dividend and a $1 special dividend, reflecting confidence in ongoing growth.
Capital Management: AMERISAFE continues to prioritize organic growth over larger special dividends, deploying capital to fuel expansion.
Expense Ratio Improvement: Expense ratio declined to 31.1% from 31.7% a year ago, despite ongoing investments in people and technology.
Investment Income Down: Net investment income fell 12.3% due to lower investable assets after a prior special dividend.
Strong Balance Sheet: Book value per share rose to $14.47 (up 7.1% year-to-date), and statutory surplus increased to $259 million.
