Amerisafe Financials
This page shows Amerisafe (AMSF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Amerisafe's revenue grew a modest 0.7% year-over-year to $309.0M. This slow but positive growth earns a score of 31/100.
Amerisafe has elevated debt relative to equity (D/E of 3.50), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Amerisafe has a free cash flow margin of 7.6%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.
Amerisafe earns a strong 21.5% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is up from 21.2% the prior year.
Amerisafe passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Amerisafe generates $0.44 in operating cash flow ($24.2M OCF vs $55.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Amerisafe generated $309.0M in revenue in fiscal year 2024. This represents an increase of 0.7% from the prior year.
Amerisafe generated $23.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 20.3% from the prior year.
Amerisafe reported $55.4M in net income in fiscal year 2024. This represents a decrease of 10.7% from the prior year.
Amerisafe earned $2.89 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 10.5% from the prior year.
Amerisafe held $44.0M in cash against $0 in long-term debt as of fiscal year 2024.
Amerisafe paid $1.48 per share in dividends in fiscal year 2024. This represents an increase of 8.8% from the prior year.
Amerisafe had 19M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.
Amerisafe's net profit margin was 17.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.3 percentage points from the prior year.
Amerisafe's ROE was 21.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Amerisafe invested $840K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 51.9% from the prior year.
AMSF Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $82.0M+1.1% | $81.1M+11.7% | $72.6M-9.4% | $80.1M+10.3% | $72.6M-4.0% | $75.7M-3.5% | $78.4M-1.7% | $79.8M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $3.7M+4.7% | $3.5M+54.0% | $2.3M-52.3% | $4.8M+101.4% | $2.4M-40.0% | $3.9M-6.1% | $4.2M-13.9% | $4.9M |
| Net Income | $13.8M-1.0% | $14.0M+55.9% | $8.9M-53.3% | $19.2M+92.6% | $10.0M-36.3% | $15.6M-9.9% | $17.3M-16.6% | $20.8M |
| EPS (Diluted) | $0.72-1.4% | $0.73+55.3% | $0.47-53.0% | $1.00+92.3% | $0.52-35.8% | $0.81-10.0% | $0.90-16.7% | $1.08 |
AMSF Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+0.9% | $1.2B-0.1% | $1.2B-5.9% | $1.2B-5.2% | $1.3B-0.2% | $1.3B+0.8% | $1.3B+1.5% | $1.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $54.7M+13.0% | $48.5M+8.3% | $44.8M+15.7% | $38.7M-34.7% | $59.2M+74.7% | $33.9M-17.7% | $41.2M-33.0% | $61.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $890.2M+0.1% | $889.5M-0.7% | $895.9M-4.4% | $936.7M-2.5% | $960.8M+0.3% | $958.3M+0.3% | $955.4M+0.4% | $951.8M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $274.8M+3.5% | $265.6M+1.8% | $260.8M-10.8% | $292.5M-12.9% | $335.9M-1.4% | $340.6M+2.3% | $332.9M+4.9% | $317.4M |
| Retained Earnings | $98.5M+6.9% | $92.1M+7.6% | $85.6M-25.1% | $114.3M-32.3% | $168.9M+2.1% | $165.5M+5.8% | $156.3M+7.4% | $145.5M |
AMSF Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.7M+226.5% | -$8.4M-371.1% | -$1.8M-145.2% | $4.0M-22.7% | $5.1M-29.5% | $7.3M-46.0% | $13.5M+271.1% | -$7.9M |
| Capital Expenditures | $891K-17.7% | $1.1M+54000.0% | $2K-92.3% | $26K-94.7% | $490K+9700.0% | $5K-84.4% | $32K-85.3% | $217K |
| Free Cash Flow | $9.8M+202.8% | -$9.5M-430.9% | -$1.8M-145.5% | $3.9M-15.1% | $4.6M-36.2% | $7.3M-45.9% | $13.4M+266.1% | -$8.1M |
| Investing Cash Flow | $4.6M-80.1% | $23.1M+132.6% | $9.9M-80.6% | $51.3M+90.2% | $27.0M+477.1% | -$7.1M+73.7% | -$27.2M-144.6% | $61.0M |
| Financing Cash Flow | -$9.0M+17.9% | -$11.0M-47.4% | -$7.4M+90.2% | -$75.8M-1021.6% | -$6.8M+8.9% | -$7.4M-13.6% | -$6.5M+92.1% | -$82.6M |
| Dividends Paid | $7.5M+0.2% | $7.5M+0.8% | $7.4M-79.6% | $36.3M+452.7% | $6.6M-0.7% | $6.6M+1.7% | $6.5M-89.1% | $59.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AMSF Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 16.9%-0.4pp | 17.2%+4.9pp | 12.3%-11.6pp | 23.9%+10.2pp | 13.7%-6.9pp | 20.6%-1.5pp | 22.1%-3.9pp | 26.1% |
| Return on Equity | 5.0%-0.2pp | 5.3%+1.8pp | 3.4%-3.1pp | 6.6%+3.6pp | 3.0%-1.6pp | 4.6%-0.6pp | 5.2%-1.3pp | 6.6% |
| Return on Assets | 1.2%-0.0pp | 1.2%+0.4pp | 0.8%-0.8pp | 1.6%+0.8pp | 0.8%-0.4pp | 1.2%-0.1pp | 1.4%-0.3pp | 1.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 3.24-0.1 | 3.35-0.1 | 3.44+0.2 | 3.20+0.3 | 2.86+0.0 | 2.81-0.1 | 2.87-0.1 | 3.00 |
| FCF Margin | 11.9%+23.7pp | -11.8%-9.3pp | -2.5%-7.4pp | 4.9%-1.5pp | 6.4%-3.2pp | 9.6%-7.5pp | 17.1%+27.3pp | -10.1% |
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Frequently Asked Questions
What is Amerisafe's annual revenue?
Amerisafe (AMSF) reported $309.0M in total revenue for fiscal year 2024. This represents a 0.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Amerisafe's revenue growing?
Amerisafe (AMSF) revenue grew by 0.7% year-over-year, from $306.9M to $309.0M in fiscal year 2024.
Is Amerisafe profitable?
Yes, Amerisafe (AMSF) reported a net income of $55.4M in fiscal year 2024, with a net profit margin of 17.9%.
What is Amerisafe's earnings per share (EPS)?
Amerisafe (AMSF) reported diluted earnings per share of $2.89 for fiscal year 2024. This represents a -10.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Amerisafe's net profit margin?
Amerisafe (AMSF) had a net profit margin of 17.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Amerisafe pay dividends?
Yes, Amerisafe (AMSF) paid $1.48 per share in dividends during fiscal year 2024.
What is Amerisafe's return on equity (ROE)?
Amerisafe (AMSF) has a return on equity of 21.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Amerisafe's free cash flow?
Amerisafe (AMSF) generated $23.4M in free cash flow during fiscal year 2024. This represents a -20.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Amerisafe's operating cash flow?
Amerisafe (AMSF) generated $24.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Amerisafe's total assets?
Amerisafe (AMSF) had $1.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Amerisafe's capital expenditures?
Amerisafe (AMSF) invested $840K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Amerisafe have outstanding?
Amerisafe (AMSF) had 19M shares outstanding as of fiscal year 2024.
What is Amerisafe's debt-to-equity ratio?
Amerisafe (AMSF) had a debt-to-equity ratio of 3.50 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Amerisafe's return on assets (ROA)?
Amerisafe (AMSF) had a return on assets of 4.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Amerisafe's Piotroski F-Score?
Amerisafe (AMSF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Amerisafe's earnings high quality?
Amerisafe (AMSF) has an earnings quality ratio of 0.44x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Amerisafe?
Amerisafe (AMSF) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.