AMERISAFE Increases Dividend By 9.7%

Increases Quarterly Dividend from $0.31 to $0.34 per Share

DERIDDER, La.--(BUSINESS WIRE)-- AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced that its Board of Directors has increased the quarterly dividend by 9.7%, from $0.31 to $0.34 per share.

The Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on March 24, 2023 to shareholders of record as of March 10, 2023.

The Company began paying dividends in 2013. Since that time, the Company has paid $38.03 in dividends per share, comprising $8.28 in regular dividends and $29.75 in special dividends.

Additional information on the Company’s fourth quarter and 2022 full year earnings can be found in AMERISAFE’s accompanying earnings release issued today.

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, and manufacturing. AMERISAFE actively markets workers’ compensation insurance in 27 states.

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Andy Omiridis, EVP & CFO

AMERISAFE

337.463.9052

Source: AMERISAFE, Inc.