Amerisafe Stock Price, News & Analysis

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.

AMERISAFE, Inc. (AMSF) has declared a special cash dividend of $3.50 per share, payable on November 18, 2020, to shareholders of record as of November 11, 2020. Additionally, a regular quarterly dividend of $0.27 per share will be paid on December 18, 2020, to shareholders of record by December 4, 2020. Over the past eight years, AMERISAFE has issued a total of $27.63 per share in dividends, showcasing its commitment to shareholder returns amidst market challenges.

AMERISAFE, Inc. (Nasdaq: AMSF) announced a $3.50 per share extraordinary dividend and reported a net combined ratio of 72.8% for Q3 2020. Despite a 9.6% decline in net premiums earned at $74.8 million, net income increased 9.2% year-over-year to $23.4 million, resulting in diluted earnings per share of $1.21. The company experienced a 14.5% drop in net investment income and gross premiums written were 12.1% lower. AMERISAFE maintained a strong capital position despite challenges from Hurricanes Laura and Delta.

AMERISAFE, Inc. (Nasdaq: AMSF) announced plans to release its 2020 third quarter financial results on October 28, 2020, after market close. A conference call will follow on October 29, 2020, at 10:30 AM Eastern Time to discuss these results.

The company specializes in workers’ compensation insurance for high hazard industries and operates in 27 states, focusing on small to mid-sized employers.

AMERISAFE, Inc. (Nasdaq: AMSF) reported its Q2 2020 results, showing a significant decrease in net premiums earned by 8.4% to $75.964 million compared to Q2 2019. Net investment income also fell by 10.3% to $7.324 million. However, net income rose by 33.9% to $23.948 million, with diluted earnings per share increasing to $1.24. The company achieved a net combined ratio of 78.5%, down from 83.9% year-over-year, and experienced favorable prior case development. The ongoing impact of COVID-19 remains a concern for future premiums.

AMERISAFE, Inc. (Nasdaq: AMSF) has been recognized as one of Ward's 50 top performing property-casualty companies for the 12th consecutive year. This accolade highlights the company's superior financial results, safety, consistency, and overall performance from 2015 to 2019. President and CEO Janelle Frost emphasized the significance of this recognition, reflecting AMERISAFE's commitment to quality service and financial strength. The company specializes in workers' compensation insurance for high hazard industries, operating in 27 states.

AMERISAFE, a provider of workers’ compensation insurance for high hazard industries, will release its 2020 second quarter financial results on July 30, 2020, after market close. A conference call will be held on July 31, 2020, at 10:30 AM ET to discuss these results. Interested parties can join the call via phone or online. AMERISAFE focuses on small to mid-sized employers in sectors such as construction and agriculture and markets its services in 27 states.