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AMERISAFE, Inc. reports developments as a specialty provider of workers’ compensation insurance for small and mid-sized employers in high-hazard industries. Its coverage focus includes construction, trucking, logging and lumber, agriculture, services, manufacturing and maritime businesses, with premiums as the primary revenue source.
Recurring AMSF news centers on voluntary premiums written, policy retention, net premiums earned, underwriting results, loss ratios, combined ratio performance, investment income and the carrying value of the investment portfolio. Company updates also cover quarterly and special cash dividends, share repurchase authorization, earnings call schedules and executive leadership changes.
AMERISAFE (Nasdaq: AMSF) announced a 5.4% increase in its quarterly dividend from $0.37 to $0.39 per share. The dividend will be payable on March 21, 2025, to shareholders of record as of March 7, 2025.
The specialty workers' compensation insurance provider, focusing on high-hazard industries, has maintained a consistent dividend payment history since 2013. Over this period, the company has declared total dividends of $47.76 per share, consisting of $11.51 in regular dividends and $36.25 in special dividends.
AMERISAFE (NASDAQ: AMSF) reported strong financial results for Q4 and full-year 2024, with net income of $55.4 million and a return on equity of 20.2%. The company demonstrated resilience in a competitive workers' compensation insurance market, achieving an 8.5% increase in voluntary premiums during Q4 and a 4.6% increase for the full year.
Key performance metrics include:
- Combined ratios of 86.1% in Q4 and 88.7% for the year
- Favorable net loss reserve development of $9.7M in Q4 and $34.9M for the year
- Underwriting expense ratio of 29.7% in Q4 and 29.6% for the year
- Net investment income decreased 14.4% to $6.9M in Q4 and 6.8% to $29.2M for the year
The Board approved a 5.4% increase in quarterly dividend to $0.39 per share, payable March 21, 2025. The investment portfolio, including cash equivalents, stood at $832.8M as of December 31, 2024.
AMERISAFE (NASDAQ: AMSF), a specialty provider of workers' compensation insurance focused on high-hazard industries, has scheduled its 2024 fourth quarter and full year earnings release for Wednesday, February 26, 2025, after market close. The company will host a conference call and live webcast the following day, Thursday, February 27, 2025, at 10:30 AM Eastern time (9:30 AM Central Time). Investors can access the webcast through the company's website, where an archive will be available for 60 days in the 'Investors' section.
AMERISAFE (AMSF) has announced a special cash dividend of $3.00 per share and a regular quarterly dividend of $0.37 per share. Both dividends will be payable on December 13, 2024, to shareholders of record as of December 6, 2024. The company has demonstrated strong dividend performance, having declared total dividends of $47.37 per share over the past twelve years, including $11.12 in regular dividends and $36.25 in special dividends.
AMERISAFE reported third quarter 2024 results with net income of $14.3 million, up 43.8% year-over-year. The company's gross premiums written increased 5.8% to $74.9 million, while net premiums earned rose 0.6% to $67.1 million. Voluntary premiums grew 8.8% due to increased new business and strong retention. The net combined ratio was 90.9%, slightly higher than 90.6% in Q3 2023. The Board declared a special cash dividend of $3.00 per share and a regular dividend of $0.37 per share, payable December 13, 2024.
AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers' compensation insurance focused on high-hazard industries, has announced its schedule for the 2024 third quarter earnings release and conference call. The company will release its Q3 2024 results on Wednesday, October 23, 2024, after the market closes. A conference call and live webcast will follow on Thursday, October 24, 2024, at 10:30 AM Eastern time (9:30 AM Central Time).
Interested parties can access the conference call by dialing 786-789-4797 with the Conference ID: 7683088. The webcast will be available at http://webcasts.com/Amerisafe2024Q3Earnings. An archive of the webcast will remain accessible for 60 days in the "Investors" section of AMERISAFE's website following the call.
AMERISAFE (Nasdaq: AMSF) reported its Q2 2024 results, showing mixed performance. Net premiums earned increased by 4.6% to $68.6 million, while net income decreased by 29.7% to $11 million. The company's gross premiums written grew by 6.6% to $76.4 million, driven by new business generation, strong retention, and increased audit premiums. However, the net combined ratio rose to 90.5% from 85.4% in Q2 2023. AMERISAFE maintained a strong underwriting profit of $6.5 million, despite a 31.2% decrease from the previous year. The company's book value per share declined by 11.1% to $15.78. AMERISAFE continued its capital management initiatives, repurchasing shares and increasing its quarterly dividend by 8.8% to $0.37 per share.
AMERISAFE (Nasdaq: AMSF), a provider of workers' compensation insurance in high-risk industries, has been named to Ward's 50 top-performing property-casualty companies for the 16th consecutive year. This award, covering the period from 2019-2023, recognizes exceptional financial achievements in safety, consistency, and performance. AMERISAFE's President and CEO, Janelle Frost, commended the team for their remarkable efforts in securing this recognition, highlighting the company’s sustained excellence and commitment to high standards.
AMERISAFE (Nasdaq: AMSF), a provider of workers' compensation insurance for high-hazard industries, will release its 2024 second quarter results on Monday, July 29, 2024, after market close. The company will also conduct a conference call and live webcast on Tuesday, July 30, 2024, at 10:30 AM Eastern Time. Investors can access the webcast via the company's website, and an archive will be available for 60 days post-call.
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