Robert Farnham

Robert Farnham asked about the potential impact of undocumented workers on AMERISAFE's business, specifically inquiring if the proportion of undocumented employees being insured had changed, and if any shift towards more documented workers might alter claims patterns. He also sought to understand how AMERISAFE handles claims involving undocumented workers and if premium collection for their payrolls was affected.

Answer

Janelle Frost, President and CEO of AMERISAFE, stated that the company has not observed any shift in employee count attributable to undocumented workers, noting that their agriculture book actually grew in 2025. She clarified that claims involving undocumented workers are handled no differently than any other claim, though a desire to return to their home country can sometimes accelerate claim closure. Ms. Frost believes AMERISAFE is collecting premiums for their payrolls and concluded that, as of the end of 2025, undocumented workers are not significantly impactful to the book.