Amerisafe Stock Price, News & Analysis

AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of 'a+' for American Interstate Insurance Company, Silver Oak Casualty, Inc., and American Interstate Insurance Company of Texas, collectively known as AMERISAFE Insurance Group. Additionally, AM Best has confirmed the Long-Term Issuer Credit Rating of 'bbb+' for AMERISAFE, Inc. (NASDAQ: AMSF), with a stable outlook. This assessment reflects the group's strong balance sheet, operating performance, neutral business profile, and effective enterprise risk management.

AMERISAFE, Inc. (Nasdaq: AMSF) will release its 2021 second quarter financial results on July 28, 2021, after market close. A conference call is scheduled for July 29, 2021, at 10:30 AM Eastern Time, where financial results will be discussed. Interested parties can participate via phone (dial 323-701-0225, Conference Code 2203760) or listen online at www.amerisafe.com. The company specializes in workers’ compensation insurance for high-hazard industries across 27 states.

AMERISAFE, Inc. (Nasdaq: AMSF) has announced the appointment of Mary Ellen Hamel as Senior Vice President of Sales. With over 20 years of experience in the insurance sector, including her recent role as Divisional President at Republic Companies, Ms. Hamel brings valuable expertise in sales management. G. Janelle Frost, President and CEO of AMERISAFE, expressed confidence in Hamel's ability to enhance sales execution, benefiting both the company and its agents. AMERISAFE specializes in workers' compensation insurance for high hazard industries across 27 states.

AMERISAFE, Inc. (Nasdaq: AMSF) reported financial results for Q1 2021, highlighting a significant decline in key metrics compared to Q1 2020. Net premiums earned dropped by 10.4% to $70.746 million, while net investment income fell by 15.0% to $6.583 million. Additionally, net realized gains on investments saw a sharp decline of 67.8%, totaling $319,000. These changes indicate potential challenges in the company's financial performance as it navigates a competitive insurance market.

AMERISAFE, Inc. (Nasdaq: AMSF) will release its Q1 2021 financial results on April 29, 2021, after market close. A conference call to discuss the results is scheduled for April 30, 2021, at 10:30 AM ET. The call can be accessed via phone at 323-794-2093 or online through the Company's website. AMERISAFE specializes in workers' compensation insurance for small to mid-sized employers in high-hazard industries, including construction and agriculture, operating in 27 states.

AMERISAFE, Inc. (Nasdaq: AMSF) has scheduled its 2021 annual meeting of shareholders for June 11, 2021, at 9:00 a.m. Central Time, to be held at its corporate headquarters in DeRidder, Louisiana. The record date for shareholders eligible to vote is April 19, 2021. AMERISAFE specializes in workers’ compensation insurance for high-hazard industries, including construction, trucking, and agriculture, and operates in 27 states.

AMERISAFE, Inc. (Nasdaq: AMSF) has announced a 7.4% increase in its quarterly dividend, raising it from $0.27 to $0.29 per share. This dividend will be payable on March 26, 2021, to shareholders of record as of March 12, 2021. Since initiating dividend payments in 2013, AMERISAFE has paid a total of $27.63 per share, including $5.88 in regular dividends and $21.75 in special dividends. The company is a leading provider of workers' compensation insurance for high hazard industries across 27 states.

AMERISAFE, a provider of workers’ compensation insurance, reported $86.6 million in net income for 2020, down 6.6% from 2019. The fourth quarter saw a 16.2% decrease in net income to $28.5 million, with diluted earnings per share at $1.47. Net premiums earned dropped 8.5% year-over-year to $304.4 million. Despite these challenges, the company announced a 7.4% increase in its quarterly dividend. The net combined ratio remained stable at 76.3%, with a return on average equity of 19.9%.

AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance, will release its 2020 fourth quarter and full year financial results on February 24, 2021, post market close. A conference call to discuss these results is scheduled for February 25, 2021, at 10:30 AM ET. This call will be accessible via phone or live stream on the company’s website. AMERISAFE primarily markets its services to small and mid-sized employers in hazardous industries across 27 states.