Amerisafe Stock Price, News & Analysis

AMERISAFE, Inc. (NASDAQ: AMSF) announced the retirement of Millard Morris from its Board of Directors, effective December 31, 2022. Morris, the founder of AMERISAFE, served on the board since 2007 after previously holding positions including Chairman and CEO. His extensive knowledge of hazardous workers' compensation insurance has greatly benefited the company. Current Chairman Jared Morris and CEO Janelle Frost expressed gratitude for his leadership and vision, highlighting the company's commitment to serving small to mid-sized employers in hazardous industries across 27 states.

AMERISAFE, Inc. (NASDAQ: AMSF) announced a special cash dividend of $4.00 per share, payable on December 16, 2022, to shareholders of record as of December 2, 2022. Additionally, a regular quarterly dividend of $0.31 per share will also be paid on the same date. The CEO, G. Janelle Frost, highlighted that this special dividend reflects the company's operational consistency and capital management strategy. Over the past decade, AMERISAFE has declared $38.03 per share in dividends, including $29.75 in special dividends.

AMERISAFE, a specialty provider of workers’ compensation insurance, reported Q3 2022 results with net premiums earned at $67.8 million, showing a marginal increase of 0.2% year-over-year. However, net income dropped significantly by 40.6% to $11.4 million, with diluted earnings per share falling to $0.59. The net combined ratio increased to 85.4%, up from 71.5% in Q3 2021, indicating higher claims costs. Investment income grew by 15.4% to $7.0 million, but net unrealized losses on equity securities amounted to $4.1 million. The company declared a special dividend of $4.00 per share, alongside regular dividends.

AMERISAFE, Inc. (NASDAQ: AMSF) will release its 2022 third quarter financial results on October 26, 2022, after market close. A conference call will follow on October 27, 2022, at 10:30 AM ET. The call will be accessible via phone at 323-701-0225 (Conference Code 3095655) or online at www.amerisafe.com. AMERISAFE provides workers’ compensation insurance for high hazard industries and operates across 27 states.

AMERISAFE, Inc. (NASDAQ: AMSF) has announced the appointment of Anastasios (Andy) Omiridis as Executive Vice President and Chief Financial Officer, effective September 1, 2022. He succeeds Neal Fuller, who is retiring. Omiridis brings over 23 years of experience in the insurance sector, previously serving as Senior VP at Kemper Corporation and CFO at Chubb Life. CEO Janelle Frost expressed confidence in Omiridis' financial expertise to lead the company. AMERISAFE specializes in workers’ compensation insurance for hazardous industries in 27 states.

AMERISAFE, Inc. (Nasdaq: AMSF) reported its Q2 2022 results, showing a net combined ratio of 86.7%, up from 74.4% in Q2 2021. Net income plummeted by 74.2% to $6.1 million, translating to a diluted EPS of $0.32, a 74.0% decline year-over-year. Despite a modest increase in net premiums earned by 0.6% to $70.3 million, net investment income fell by 3.6%. Shareholder returns were impacted by a 17.5% decrease in book value per share.

AMERISAFE, Inc. (NASDAQ: AMSF) has been recognized as one of Ward's 50 top performing property-casualty companies for the 14th consecutive year. This accolade highlights the company's exceptional financial performance, safety measures, and consistency from 2017 to 2021. Janelle Frost, President and CEO, attributes this achievement to the dedication of the employees who aid injured workers and enhance the company's financial stability. AMERISAFE specializes in workers' compensation insurance for small to mid-sized employers in hazardous industries across 27 states.

AMERISAFE, Inc. (NASDAQ: AMSF) will announce its 2022 second quarter financial results on Thursday, July 28, 2022, after market close. Following the announcement, a conference call will be held on Friday, July 29, 2022, at 10:30 AM Eastern Time. Investors can participate via phone or a live webcast available on the AMERISAFE website. The company specializes in workers' compensation insurance for high-hazard industries, operating across 27 states.

AMERISAFE (AMSF) announced its Q1 2022 financial results, reporting net premiums earned of $67.6 million, down 4.5% from the previous year. The net income decreased by 10.3% to $17.3 million, with diluted earnings per share at $0.89, a 10.1% decline. However, operating net income rose 8.3% to $15.9 million. The net combined ratio improved to 80.1% from 84.6%. The company repurchased 43,893 shares and declared a quarterly dividend of $0.31, indicating continued shareholder value focus.