AMERISAFE (AMSF) Company Report

AMERISAFE reported a strong ROE of 18.5% and a combined ratio of 91.3% for the full year 2025.
The company achieved its 7th consecutive quarter of top-line growth, with gross premium written increasing 11.7% in Q4 2025 and 6.7% for the full year. Net premiums earned grew 10.7% in Q4 to $73.6 million and 4.6% for the full year to $283 million.
Net income for Q4 2025 was $10.4 million, or $0.55 per diluted share, with full-year net income at $47.1 million.
The full-year 2025 current accident year loss ratio increased to 72% due to an increase in severity, with 25 claims exceeding $1 million, up from 18 in 2024. The company expects to maintain a 72% loss pick for 2026.
Book value per share was $13.39 after paying a special dividend in December 2025.

1 day ago

Transcript

AMERISAFE Reports Strong Q4 and Full Year 2025 Financial Results

AMSF

Earnings

Revenue Acceleration/Inflection

AMERISAFE closed 2025 with a strong ROE of 18.5% and a combined ratio of 91.3%.
Gross Premium Written (GPW) increased 11.7% in Q4 2025 and 6.7% for the full year, marking the seventh consecutive quarter of top-line growth. Net premiums earned were $73.6 million in Q4 and $283 million for the full year.
The full-year current accident year loss ratio increased to 72% due to higher claims severity, with 25 claims exceeding $1 million in 2025, up from 18 in 2024. The full-year combined loss ratio was 60%.
For the full year 2025, net income was $47.1 million and operating net income was $41.8 million. The company ended the quarter with $797 million in cash and invested assets and a book value per share of $13.39.

1 day ago

Transcript

AMERISAFE Reports Strong 2025 Financial Results with Premium Growth and Increased Loss Ratio

AMSF

Earnings

Revenue Acceleration/Inflection

Guidance Update

AMERISAFE concluded 2025 with a strong ROE of 18.5% and a combined ratio of 91.3%.
The company achieved its 7th consecutive quarter of top-line growth, with gross premium written increasing 11.7% in Q4 2025 and 6.7% for the full year, while net premiums earned grew 10.7% in Q4 to $73.6 million and 4.6% for the full year to $283 million.
Net income for Q4 2025 was $10.4 million, or $0.55 per diluted share, contributing to a full-year net income of $47.1 million.
The current accident year loss ratio increased to 72% for the full year 2025, up from 71%, attributed to an increase in 25 claims with incurred values over $1 million. The company anticipates maintaining a 72% loss ratio for 2026.

1 day ago

Transcript

AMERISAFE Announces Q4 and Full-Year 2025 Results and Dividend Increase

AMSF

Earnings

Dividends

Share Buyback

AMERISAFE, Inc. announced a 5.1% increase in its quarterly dividend, raising it from $0.39 to $0.41 per share, payable on March 20, 2026.
For the fourth quarter ended December 31, 2025, the company reported net income of $10.423 million and diluted earnings per share of $0.55. For the full year 2025, net income was $47.145 million and diluted earnings per share was $2.47.
Gross premiums written increased by 11.7% to $70.055 million in Q4 2025 and by 6.7% to $313.864 million for the full year 2025, with voluntary premiums growing by 10.2%. The net combined ratio for the full year was 91.3% and return on average equity was 18.5%.
The company repurchased 197,672 shares for $8.0 million in Q4 2025, and a total of 291,289 shares for $12.1 million for the full year 2025.

2 days ago

8-K

AMERISAFE announces Q4 and full-year 2025 results

AMSF

Earnings

Dividends

Share Buyback

AMERISAFE reported net income of $10.4 million for the fourth quarter of 2025 and $47.1 million for the full year 2025, with diluted earnings per share of $0.55 and $2.47, respectively.
Gross premiums written increased by 11.7% to $70.1 million in Q4 2025 and by 6.7% to $313.9 million for the full year 2025.
The company achieved a return on average equity of 18.5% and maintained a net combined ratio of 91.3% for the full year 2025.
The Board of Directors increased the regular quarterly cash dividend by 5.1% to $0.41 per share, and the company repurchased $12.1 million in shares during 2025.

2 days ago

Press Release

AMERISAFE Reports Q3 2025 Financial Results

AMSF

Earnings

Dividends

Share Buyback

AMERISAFE reported net income of $13.8 million or $0.72 per diluted share and operating net income of $10.6 million or $0.55 per diluted share for the third quarter of 2025. The company achieved a 20.5% return on average equity and a 90.6% combined ratio for the quarter.
Gross premiums written increased 7.2% to $80.3 million in Q3 2025 compared to Q3 2024, marking the sixth consecutive quarter of top line growth. Voluntary premiums grew 10.6%, driven by new business production and strong renewal performance, with policy count growing 11% year over year and renewal retention at 93.6%.
The Board of Directors declared a regular quarterly dividend of $0.39 per share and a $1 special dividend, payable on December 12, 2025, to shareholders as of December 5, 2025. Additionally, the company repurchased approximately 31,000 shares at an average cost of $43.72 per share, totaling $1.3 million during the quarter.
The accident year loss ratio was 71%, and the company experienced $8.9 million of favorable reserve development on prior accident years. Book value per share increased 7.1% year to date to $14.47, and statutory surplus was $259 million.

Oct 30, 2025, 2:30 PM

Transcript

AMERISAFE Announces Q3 2025 Results and Dividend Declaration

AMSF

Earnings

Dividends

Share Buyback

AMERISAFE reported Q3 2025 diluted earnings per share of $0.72 and net income of $13.8 million.
The company announced a special cash dividend of $1.00 per share and a regular quarterly dividend of $0.39 per share, both payable on December 12, 2025, to shareholders of record as of December 5, 2025.
Gross premiums written increased by 7.2% to $80.3 million in Q3 2025, marking the sixth consecutive quarter of growth in both gross premiums written and net premiums earned.
The net combined ratio for Q3 2025 was 90.6%.
AMERISAFE repurchased 30,860 shares for $1.3 million during Q3 2025, with $24.9 million remaining under the share repurchase authorization as of September 30, 2025.

Oct 29, 2025, 8:10 PM

8-K

AMERISAFE Declares Special and Regular Quarterly Dividends

AMSF

Dividends

Share Buyback

AMERISAFE's Board of Directors has declared a special cash dividend of $1.00 per share.
A regular quarterly dividend of $0.39 per share was also declared.
Both dividends are payable on December 12, 2025, to shareholders of record as of December 5, 2025.
Over the past thirteen years, the company has declared $49.93 per share in total dividends, comprising $12.68 in regular dividends and $37.25 in special dividends.

Oct 29, 2025, 8:06 PM

Press Release

AMERISAFE Announces Q3 2025 Results

AMSF

Earnings

Dividends

Share Buyback

AMERISAFE reported gross premiums written of $80,321 thousand for the third quarter of 2025, representing a 7.2% increase compared to the third quarter of 2024, with voluntary premiums on policies written rising 10.6%.
Net income for Q3 2025 was $13,818 thousand, a 3.5% decrease from Q3 2024, leading to diluted earnings per share of $0.72, down 4.0%.
The net combined ratio for Q3 2025 was 90.6%, a slight improvement from 90.9% in Q3 2024.
Book value per share as of September 30, 2025, stood at $14.47, an increase of 7.1% from December 31, 2024.
On October 28, 2025, the Board of Directors declared a special cash dividend of $1.00 per share and a regular cash dividend of $0.39 per share, payable on December 12, 2025. Additionally, the company repurchased 30,860 shares for $1.3 million during Q3 2025.

Oct 29, 2025, 8:05 PM

Press Release

Amerisafe Reports Q1 2025 Earnings Results

AMSF

Earnings

Revenue Acceleration/Inflection

Amerisafe’s Q1 2025 results showed a net income of $8.9M and operating net income of $11.4M, reflecting a decline from Q1 2024 primarily due to equity valuation losses.
Gross written premiums increased 4.6% YoY to $83.8M, driven by strong new business and retention, while audit premium adjustments varied across quarters.
Management highlighted a 29.9% expense ratio, noting a $1.9M rise in expenses related to investments in growth, with expectations for moderation in future quarters.