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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, 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.
AMERISAFE, Inc. (NASDAQ: AMSF) will release its 2022 first quarter financial results on April 27, 2022, after the market closes. A conference call is scheduled for April 28, 2022, at 10:30 AM Eastern Time, accessible via phone and online. AMERISAFE specializes in workers' compensation insurance for hazardous industries, operating in 27 states and focusing primarily on small to mid-sized employers in sectors like construction and agriculture.
AMERISAFE (NASDAQ: AMSF) has scheduled its 2022 annual meeting of shareholders for June 10, 2022, at 9:00 a.m. central time at its headquarters in DeRidder, Louisiana. Shareholders eligible to vote must be recorded by April 18, 2022.
AMERISAFE offers workers’ compensation insurance primarily for high hazard industries, such as construction and trucking, across 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) has appointed Billy Greer to its Board of Directors, effective March 15, 2022. The Chairman, Jared A. Morris, expressed confidence in Greer's background and experience as a valuable addition to the board. G. Janelle Frost, President and CEO, highlighted Greer’s expertise in investment management, business development, and asset administration, noting that his appointment aligns with AMERISAFE's vision of converting risk into opportunity. AMERISAFE specializes in workers' compensation insurance for high hazard industries across 27 states.
AMERISAFE, Inc. (NASDAQ: AMSF) has announced a quarterly dividend increase of $0.02, raising it from $0.29 to $0.31 per share, representing a 6.9% increase. The dividend is payable on March 25, 2022, to shareholders of record as of March 11, 2022. Since initiating dividend payments in 2013, the company has distributed $32.79 per share, including $7.04 in regular dividends and $25.75 in special dividends.
AMERISAFE, a workers’ compensation insurance provider, reported a net income of $65.8 million for 2021, down 24.1% from the prior year, with a return on equity of 15.7%. The company faced a catastrophic claim that increased its loss ratio from 72.0% to 80.7%. Quarterly results showed net premiums earned decreased by 9.3% year-over-year. Investment income also fell by 13.4%. In response to its performance, the Board increased the quarterly dividend by 6.9% to $0.31 per share. The net combined ratio stood at 85.7% for the year, reflecting a challenging environment amid strong competition and economic uncertainties.