AMSF
AMERISAFE, Inc.39.17
+0.01+0.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
743.86MP/E (TTM)
15.07Basic EPS (TTM)
2.60Dividend Yield
0.04%Recent Filings
8-K
10-Q
Q2 FY2025 results
Amerisafe's Q2 2025 results showed steady topline growth, with net premiums earned up 1.1% y/y to $69.4M, driven by 4.3% higher gross premiums written from voluntary policies, though offset by audit adjustments. Profitability strengthened as net income rose 27% y/y to $14.0M, with diluted EPS climbing to $0.73 from $0.57, fueled by $3.1M in realized investment gains versus a $0.1M loss last year and $8.6M favorable prior-year loss development from lower claim severity. The net loss ratio held at 58.6%, but the expense ratio edged up to 31.3% on higher commissions and assessments. Cash stood at $48.5M with no debt, while operating cash flow turned negative at -$10.2M YTD due to elevated claims payments. Solid reserves and proactive claims management keep things humming. Yet competition in workers' comp premiums poses ongoing pressure.
8-K
Reauthorizes $25M buyback program
AMERISAFE's board reauthorized a $25.0 million share repurchase program on July 24, 2025, replacing the prior one with no expiration date. This signals confidence in the company's value, drawing from available capital amid market conditions. Repurchases can proceed via Rule 10b5-1 plans but remain discretionary. The board holds full control.
8-K
Q2 net income jumps 27%
AMERISAFE reported Q2 2025 net income of $14 million, up 26.9% from last year, fueled by $3.1 million in realized investment gains and $8.6 million in favorable prior-year loss reserve development that trimmed the net loss ratio to 58.6%. Voluntary premiums surged 12.8% on higher policy counts and retention, yet underwriting expenses rose to 31.3% amid business investments and assessments. Share repurchases totaled $2.8 million; the board boosted the authorization to $25 million. Growth persists.
8-K
Shareholders approve director plan amendment
AMERISAFE's shareholders approved an amendment to the Non-Employee Director Restricted Stock Plan at the June 6, 2025 annual meeting, boosting available shares by 50,000 and capping annual grants at $200,000 per director. All director nominees—Teri G. Fontenot, Billy B. Greer, and Jared A. Morris—were elected, while executive pay and Ernst & Young as auditors gained strong backing. This bolsters board incentives amid steady governance.
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