AMSF

It has been about a month since the last earnings report for Amerisafe (AMSF). Shares have added about 0.7% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Amerisafe due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for AMERISAFE, Inc. before we dive into how investors and analysts have reacted as of late. AMSF Q1 Earnings Miss Estimates on Higher Costs, Soft Underwriting AMERISAFE reported first-quarter 2026 adjusted earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 52 cents. The bottom line declined 16.7% year over year. Operating revenues increased 7.9% year over year to $81.75 million but missed the consensus estimate by 0.9%. The quarterly result was affected by higher expenses and weaker underwriting margins, with additional pressure from lower fee income and weaker investment income. Stronger premium growth partially offset the downside. Net premiums earned of $75.1 million advanced 9% year over year. The metric missed the Zacks Consensus Estimate by 0.8%. Net investment income declined 0.8% year over year to $6.6 million due to lower average investable assets, partly offset by higher yield and lower expenses. The reported figure missed the Zacks Consensus Estimate by 1.5%. Fee and other income fell 63.3% year over year. Total expenses escalated 13.9% year over year to $69.9 million due to higher loss and loss adjustment expenses incurred, underwriting and other operating costs and policyholder dividends. AMERISAFE’s pre-tax underwriting profit amounted to $5.1 million, which fell 31.5% year over year. Operating net income of $9.5 million declined 17.4% year over year in the reported quarter. The net combined ratio deteriorated 410 basis points year over year to 93.2. The Zacks Consensus Estimates was pegged at 92.7. AMERISAFE exited the first quarter with cash and cash equivalents of $34.2 million, down from $61.9 million at the end of 2025. Total assets declined to $1.12 billion from $1.13 billion at the end of 2025. Shareholders’ equity decreased to $246.6 million from $251.6 million a year ago. Book value per share was $13.18, down 3.7% year over year. Return on average equity declined 70 basis points year...

Achieved 9% growth in net premiums earned, marking the eighth consecutive quarter of premium expansion despite a prolonged soft pricing environment. Performance was driven by a 92.4% policy retention rate and an 8.2% increase in combined new and renewal voluntary premiums. Management attributes sustained success to a differentiated high-hazard industry focus and appropriately priced risk selection in a competitive market. The expense ratio improved to 29.7%, reflecting disciplined expense management and increased operating leverage from strategic growth initiatives. Payroll growth within targeted classes remained positive at 4.5%, primarily driven by wage increases while headcount remained essentially flat. Favorable prior year loss development contributed 10.1 points to the net loss ratio, underscoring the strength of the company's historical reserving practices. Management expects continued mid-single-digit decreases in filed loss costs for 2026, with their five biggest states ranging from 1.2% to 9% declines. The company anticipates ongoing upward pressure on current accident year loss ratios due to persistent medical inflation and general claim severity. Strategic growth initiatives are expected to remain sustainable in the mid-single-digit range by focusing on incremental growth without altering the core risk profile. Future results will likely be influenced by the industry-wide trend of deteriorating accident year combined ratios as 12 years of declining rates take effect. Medical inflation is identified as a persistent headwind, though management believes current fee schedules are effectively helping to contain costs. The policyholder dividend ratio increased to 1.8% due to policy count growth, as more policyholders qualified for dividends based on individual experience. Net investment income saw a slight 0.8% decrease due to lower average investable assets, despite a 174 basis point increase in new money yields. The company repurchased approximately 120,000 shares for $4 million during the quarter, with $12.9 million remaining under the current authorization. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management confirmed medical inflation is a significant factor being actively reserved for, though fee schedules currently mitigate some impact...

AMERISAFE, Inc. AMSF reported first-quarter 2026 adjusted earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 52 cents. The bottom line declined 16.7% year over year. Operating revenues increased 7.9% year over year to $81.75 million but missed the consensus estimate by 0.9%. The quarterly result was affected by higher expenses and weaker underwriting margins, with additional pressure from lower fee income and weaker investment income. Stronger premium growth partially offset the downside. AMERISAFE, Inc. price-consensus-eps-surprise-chart | AMERISAFE, Inc. Quote Net premiums earned of $75.1 million advanced 9% year over year. The metric missed the Zacks Consensus Estimate by 0.8%. Net investment income declined 0.8% year over year to $6.6 million due to lower average investable assets, partly offset by higher yield and lower expenses. The reported figure missed the Zacks Consensus Estimate by 1.5%. Fee and other income fell 63.3% year over year. Total expenses escalated 13.9% year over year to $69.9 million due to higher loss and loss adjustment expenses incurred, underwriting and other operating costs and policyholder dividends. AMERISAFE’s pre-tax underwriting profit amounted to $5.1 million, which fell 31.5% year over year. Operating net income of $9.5 million declined 17.4% year over year in the reported quarter. The net combined ratio deteriorated 410 basis points year over year to 93.2. The Zacks Consensus Estimates was pegged at 92.7. AMERISAFE exited the first quarter with cash and cash equivalents of $34.2 million, down from $61.9 million at the end of 2025. Total assets declined to $1.12 billion from $1.13 billion at the end of 2025. Shareholders’ equity decreased to $246.6 million from $251.6 million a year ago. Book value per share was $13.18, down 3.7% year over year. Return on average equity declined 70 basis points year over year to 13.1%. AMERISAFE bought back common shares worth $4 million during the first quarter. As of March 31, 2026, it had $12.9 million left under its share buyback program. Management approved a quarterly cash dividend of 41 cents per share, which will be paid on June 19, 2026, to shareholders of record as of June 12, 2026. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Progressive Corporation PGR reporte...

Solid quarter: Net earned premiums rose about 9% year‑over‑year to $75.1M (GWP $88.5M, +5.6%), and the company delivered a combined ratio of 93.2% with operating earnings of $0.50 per share. Underwriting discipline held up amid soft pricing and rising medical severity: the current accident‑year loss ratio was 72%, prior‑year favorable development was $7.6M (10.1 points), and the expense ratio improved to 29.7%. Balance sheet and capital actions: the investment portfolio is high‑quality (AA‑, 4.4 year duration) with new‑money yields lifting tax‑equivalent yield to 3.9%, and the company repurchased ~120,000 shares for $4M with $12.9M of buyback authorization remaining. Interested in AMERISAFE, Inc.? Here are five stocks we like better. AMERISAFE (NASDAQ:AMSF) reported first-quarter 2026 results that management characterized as a “solid start to 2026,” citing premium growth, a sub-100 combined ratio, and continued underwriting discipline despite what executives described as a prolonged soft pricing environment in workers’ compensation. President and CEO Janelle Frost said the company grew net premiums earned by 9% year over year and delivered a combined ratio of 93.2%. AMERISAFE reported operating earnings of $0.50 per share for the quarter. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Frost framed results in the context of a competitive workers’ compensation market, pointing to “persistent industry headwinds such as claims severity and economic uncertainty,” while also noting that workers’ compensation “remains the most consistently profitable line within the P&C industry.” She attributed AMERISAFE’s performance to its focus on “appropriately priced risk selection and deep industry experience,” particularly within high-hazard industries. Operations and Transformation Leader Vincent Gagliano said gross premiums written increased 5.6% to $88.5 million, up from $83.8 million in the first quarter of 2025. Retention on policies offered for renewal was 92.4%. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand Gagliano said pricing “remained strong,” helping offset “continued downward pressure in filed loss costs.” He also said new business opportunities continued to grow amid “steady competition,” and that combined new and renewal voluntary premium increased 8.2% in the quarter. In-force policy count rose 1.7% during the quarter and was u...

This article first appeared on GuruFocus. Net Premiums Earned: Increased by 9% to $75.1 million. Gross Premiums Written: Rose 5.6% to $88.5 million. Combined Ratio: Achieved 93.2%. Operating Earnings: $0.50 per share. Net Income: $8.1 million or $0.43 per diluted share. Operating Net Income: $9.5 million or $0.50 per diluted share. Expense Ratio: Improved to 29.7% from 29.9% a year ago. Net Investment Income: Decreased 0.8% to $6.6 million. Effective Tax Rate: 19.8%. Book Value Per Share: $13.18 at quarter end. Share Repurchase: 120,000 shares repurchased at an average cost of $33.60 per share. Cash and Invested Assets: Approximately $774 million at quarter end. Warning! GuruFocus has detected 10 Warning Signs with TXN. Is AMSF fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AMERISAFE Inc (NASDAQ:AMSF) reported a 9% increase in net premiums earned, indicating strong growth. The company achieved a combined ratio of 93.2%, reflecting solid underwriting performance. Retention for policy renewals was high at 92.4%, showcasing customer loyalty and satisfaction. AMERISAFE Inc (NASDAQ:AMSF) experienced an 8.2% increase in new and renewal voluntary premium, highlighting effective distribution strategies. The company maintained a strong capital position with approximately $774 million in cash and invested assets. The workers' compensation market remains competitive with a prolonged soft-pricing environment, posing challenges for AMERISAFE Inc (NASDAQ:AMSF). Net investment income decreased by 0.8% due to lower average investable assets, impacting overall financial performance. The current accident year loss ratio increased slightly due to continued rate pressure and high claim severity. AMERISAFE Inc (NASDAQ:AMSF) reported a decrease in net income compared to the previous year, indicating potential profitability challenges. The company faces ongoing pressure from medical inflation, which could affect future claims costs and profitability. Q: How did AMERISAFE observe inflation in the quarter, particularly regarding medical and claims inflation? A: Janelle Frost, CEO, noted that there were no marginal changes from year-end observations. Medical inflation is acknowledged as a real factor, and the company is reserving appropriate...

Amerisafe (AMSF) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.6 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this insurance provider would post earnings of $0.57 per share when it actually produced earnings of $0.51, delivering a surprise of -10.53%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Amerisafe, which belongs to the Zacks Insurance - Accident and Health industry, posted revenues of $81.75 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $75.75 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Amerisafe shares have lost about 13.7% since the beginning of the year versus the S&P 500's gain of 3.2%. While Amerisafe has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Amerisafe was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Str...

DERIDDER, La. (AP) — DERIDDER, La. (AP) — Amerisafe Inc. (AMSF) on Wednesday reported first-quarter net income of $8.1 million. On a per-share basis, the Deridder, Louisiana-based company said it had net income of 43 cents. Earnings, adjusted for investment costs, were 50 cents per share. The insurance provider posted revenue of $80.1 million in the period. Its adjusted revenue was $81.7 million. Amerisafe shares have declined 14% since the beginning of the year. The stock has declined 32% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMSF at https://www.zacks.com/ap/AMSF

Reports 8.2% Growth in Voluntary Premiums on Policies Written DERIDDER, La., April 22, 2026--(BUSINESS WIRE)--AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high-hazard industries, today announced results for the first quarter ended March 31, 2026. G. Janelle Frost, President and Chief Executive Officer, commented, "AMERISAFE delivered a strong start to 2026, marking our eighth consecutive quarter of growth in both gross premiums written and net premiums earned, with net premiums earned increasing 9.0% during the first quarter. We continued to demonstrate expense discipline, achieving a third consecutive quarter of year over year improvement in the expense ratio. Despite a competitive market environment, we believe our targeted focus on high hazard industries continues to create meaningful opportunities for profitable growth and attractive returns on equity. Our disciplined underwriting approach, strong balance sheet, and consistent capital management—supported by the dedication of our employees—remain central to our strategy. We are confident in our ability to execute our long-term objectives and to deliver reliable value for shareholders while providing exceptional service to small and mid-sized businesses and their workers." Voluntary premiums on policies written in the quarter increased 8.2%, compared to the first quarter of 2025, due to strong new business production and solid premium and policy retention. Payroll audits and related premium adjustments contributed $3.7 million to premiums written in the quarter, compared to $5.0 million in the first quarter of 2025. Loss and loss adjustment expenses were reduced by $7.6 million in the quarter due to favorable case reserve development on accident years 2023 and prior, resulting in a net loss ratio of 61.9%, compared to $8.7 million and 58.3%, respectively, in the prior-year quarter. Underwriting expense ratio for the quarter was 29.7%, compared to 29.9% in the first quarter of 2025, reflecting improved operating scale as growth in premium volume and policy count continues to outpace controllable cost increases. Our effective tax rate for the quarter was 19.8%, compared to 20.2% in the prior-year quarter. Net investment income decreased 0.8% to $6.6 million for the quarter, driven by lower average investable assets compared to the prior-year period, part...

Image source: The Motley Fool. Thursday, October 30, 2025 at 10:30 a.m. ET Chief Executive Officer — G. Frost Chief Financial Officer — Anastasios Omiridis G. Frost: Thank you, Kathryn, and good morning. We are pleased that our growth strategy in this competitive market is yielding a healthy 20.5% return on average equity and a 90.6% combined ratio for the quarter. Our continued success in the market reflects the strength of the AMERISAFE value proposition. At our core, we are a profitable underwriter, focused on knowing our risk, pricing them appropriately and servicing our policyholders and their workers. In doing so, we are a better carrier for our agents and create long-term value for our shareholders. This is our sixth consecutive quarter of top line growth. Voluntary premiums on policies written in the quarter grew 10.6%. Combined with audit premiums, our gross premiums written grew 7.2% and net earned grew 6.2% over the third quarter of 2024. We are seeing the compound benefits of disciplined underwriting, robust new business production and strong renewal performance. Turning to losses. Our accident year loss ratio was in line with the prior year end quarter at 71%. Frequency remains at historically low levels, while severity continues to not higher on a year-over-year basis. We are confident that our claims handling practices, coupled with upfront risk selection remain consistent and disciplined in the current environment. Thus, the company experienced $8.9 million of favorable reserve development on prior accident years, primarily accident years 2020 and prior. In addition to announcing the quarterly results, we also announced the Board of Directors declared both a regular quarterly dividend of $0.39 per share, and a $1 special dividend payable on December 12, 2025, to shareholders as of record as of December 5, 2025. The Board takes a comprehensive approach when evaluating capital deployment, considering both the regular quarterly dividend, share repurchases and any special dividend within the broader framework of AMERISAFE's capital position operating performance and future growth opportunities. This balanced strategy ensures that we continue to reward shareholders while maintaining the flexibility to invest in the business and support long-term value creation. Our capital management philosophy remains consistent. Profitability drives capital and...

AMERISAFE, Inc. AMSF is positioned for steady growth, supported by rising voluntary premiums, solid customer retention and a strong underwriting profile. With a market cap of $632.1 million, the company remains a leading specialty provider of workers’ compensation insurance, focusing on small to mid-sized employers operating in hazardous industries. AMSF’s niche approach gives it a clear edge. It serves industries such as trucking, construction, logging, agriculture and maritime, where risk selection and pricing discipline matter most. The business also benefits from the long lag between premium collection and claim payments, which allows AMERISAFE to invest premium dollars for extended periods and generate compounded returns. Courtesy of solid prospects, this Zacks Rank #3 (Hold) stock is worth holding on to at the moment. Profitability remains a key strength. AMSF’s return on equity stands at 15.9%, above the industry average of 14.3%, highlighting its ability to consistently generate value from its capital base. The company also maintains a conservative financial profile. It operates with minimal leverage and continues to carry a debt-free balance sheet, giving it flexibility to manage claims cycles and changing market conditions. As of Dec. 31, 2025, AMERISAFE held $796.8 million in investments and cash, well above required capital levels. This balance sheet strength has enabled shareholder-friendly actions. The company repurchased $5.1 million of stock in 2024 and stepped that up to $12.1 million in 2025. Its dividend yield of 4.9% is also well above the industry average of 2%, making the stock attractive for income-focused investors. There are a few factors that investors should keep an eye on. Product concentration in workers’ compensation coverage, along with weakening free cash flow, remains a concern. Free cash flow fell 20.3% in 2024 and dropped another 61.8% in 2025. Net investment income has also been soft, which could limit earnings momentum. The Zacks Consensus Estimate for AMERISAFE’s 2026 earnings is pegged at $2.13 per share, indicating a 2.7% year-over-year decline. The 2027 EPS estimate signals a further 2.4% fall. However, revenues for 2026 and 2027 are estimated to grow 9.1% and 5.7%, respectively. The company beat earnings estimates in one of the last four quarters, met once and missed twice, the average surprise being negative 3.1%. A...

DERIDDER, La., April 02, 2026--(BUSINESS WIRE)--AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high-hazard industries, today announced it will release its 2026 first quarter financial results on Wednesday, April 22, 2026, before the market opens. The Company will host a conference call and live webcast on Wednesday, April 22, 2026, at 4:30 PM Eastern time. Webcast and Conference Call Details A replay of the webcast will be available following the call for a period of 12 months in the "Investors" section of the Company’s website. About AMERISAFE AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, services, manufacturing, and maritime. AMERISAFE actively markets workers’ compensation insurance in 27 states. View source version on businesswire.com: https://www.businesswire.com/news/home/20260402738571/en/ Contacts Kathryn H. Shirley EVP - CAO AMERISAFE 337.463.9052