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AMERISAFE, Inc. - AMSF STOCK NEWS

Welcome to our dedicated page for AMERISAFE news (Ticker: AMSF), a resource for investors and traders seeking the latest updates and insights on AMERISAFE stock.

AMERISAFE, Inc. (NASDAQ: AMSF) is a specialized provider of workers’ compensation insurance, headquartered in DeRidder, Louisiana. Since its incorporation in 1985, AMERISAFE has been focusing on serving small to mid-sized employers in hazardous industries such as construction, trucking, logging, and manufacturing. The company’s core business involves underwriting workers’ compensation insurance policies, which offer benefits to injured employees, covering temporary or permanent disability, death, and medical expenses.

AMERISAFE’s operations span 31 states and the District of Columbia, marketed through independent agencies and an insurance agency subsidiary. The company also provides general liability insurance specifically for workers’ compensation policyholders in the logging industry. Their expertise in hazardous industries has established AMERISAFE as a reliable provider, known for prudent underwriting practices and disciplined pricing.

Recent financial highlights include a stable balance sheet and strong operating performance. Notably, AMERISAFE reported a return on equity of 22.8% and a net combined ratio of 87.3% for the first quarter of 2024. The company’s investment portfolio stood at approximately $899.9 million as of March 31, 2024.

AMERISAFE’s commitment to capital management is evident through its consistent dividend payouts, including a recent special cash dividend of $3.50 per share and a regular quarterly dividend of $0.37 per share. These dividends reflect the company’s robust financial health and strategic capital management practices.

Additionally, AMERISAFE’s partnership with AM Best has resulted in maintained high credit ratings, with the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent). This demonstrates the company’s strong capitalization, effective risk management, and favorable loss reserve development.

In summary, AMERISAFE, Inc. stands out for its specialized focus on high-risk industries, strong financial performance, and strategic capital management, making it a significant player in the workers’ compensation insurance sector.

Rhea-AI Summary
AMERISAFE, Inc. (AMSF) reports $62.1 million of net income, a return on equity of 20.4%, and a net combined ratio of 85.9% in 2023. The company's fourth-quarter results show a 8.4% growth in gross premium written and a 20.4% return on average equity for the full year.
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AMERISAFE, Inc. (AMSF) to Release 2023 Fourth Quarter and Full Year Financial Results on February 21, 2024
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AMERISAFE, Inc. (Nasdaq: AMSF) announces special cash dividend of $3.50 per share and regular quarterly dividend of $0.34 per share.
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AMERISAFE, Inc. reports a return on equity of 11.8% for the third quarter of 2023. Net premiums earned and diluted earnings per share decreased compared to the same period last year. The company maintained a strong operating ROAE of 13.2% and a net combined ratio of 90.6%. Gross premiums written increased by 3.9% and underwriting profit decreased by 35.9%. Net investment income increased by 16.1%. The company announced a special cash dividend of $3.50 per share.
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AMERISAFE, Inc. to release 2023 Q3 results on Oct 25. Conference call and webcast on Oct 26 at 10:30 AM ET. Webcast archive available for 60 days.
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FAQ

What is the current stock price of AMERISAFE (AMSF)?

The current stock price of AMERISAFE (AMSF) is $55.04 as of December 6, 2024.

What is the market cap of AMERISAFE (AMSF)?

The market cap of AMERISAFE (AMSF) is approximately 1.0B.

What is the core business of AMERISAFE, Inc.?

AMERISAFE specializes in underwriting workers’ compensation insurance for small- to mid-sized employers in hazardous industries such as construction, trucking, and manufacturing.

In which states does AMERISAFE operate?

AMERISAFE operates in 31 states and the District of Columbia, marketing its products through independent agencies and its insurance agency subsidiary.

What recent financial highlights has AMERISAFE reported?

AMERISAFE reported a return on equity of 22.8% and a net combined ratio of 87.3% for the first quarter of 2024, with an investment portfolio valued at approximately $899.9 million.

What is AMERISAFE’s dividend policy?

AMERISAFE regularly pays dividends, including a recent special cash dividend of $3.50 per share and a regular quarterly dividend of $0.37 per share.

How does AMERISAFE ensure the strength of its balance sheet?

AMERISAFE maintains a strong balance sheet through prudent underwriting practices, disciplined pricing, and a liquid investment portfolio, supported by favorable credit ratings from AM Best.

What industries does AMERISAFE primarily serve?

AMERISAFE primarily serves high-hazard industries, including construction, trucking, logging, manufacturing, and agriculture.

How does AMERISAFE manage its capital?

AMERISAFE manages its capital through strategic use of stockholder dividends and maintaining a robust investment portfolio, ensuring long-term financial stability.

What are AMERISAFE’s recent achievements?

Recent achievements include a stable balance sheet, strong operating performance, and high credit ratings from AM Best, reflecting the company's effective risk management and favorable loss reserve development.

Who are AMERISAFE’s main clients?

AMERISAFE’s main clients are small to mid-sized employers engaged in hazardous industries such as construction, trucking, logging, and manufacturing.

What makes AMERISAFE a reliable insurance provider?

AMERISAFE’s reliability stems from its specialized focus on high-risk industries, disciplined underwriting practices, and effective capital management, backed by strong financial performance and high credit ratings.

AMERISAFE, Inc.

Nasdaq:AMSF

AMSF Rankings

AMSF Stock Data

1.05B
18.73M
1.65%
98.22%
1.09%
Insurance - Specialty
Fire, Marine & Casualty Insurance
Link
United States of America
DERIDDER