AMERISAFE (AMSF) Company Report

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.

Apr 30, 2025, 2:31 PM

Transcript

AMERISAFE Q1 2025 Financial Results Announced

AMSF

Earnings

Dividends

AMERISAFE, Inc. announced its Q1 2025 financial results via an 8-K filing dated April 29, 2025, reporting net income of $8.95 million and diluted EPS of $0.47.
Andy Omiridis, EVP & CFO (contact: 337-463-9052) emphasized the company’s focus on profitable underwriting and growth in its specialty workers’ compensation segment.
The release highlighted key operational metrics including improvements in net premiums earned and underwriting performance, with detailed exhibits attached to the filing.

Apr 29, 2025, 12:00 AM

8-K

Amerisafe Inc Announces Q4 2024 Results

AMSF

Earnings

Dividends

Revenue Acceleration/Inflection

Q4 2024 earnings: Reported net income of $13.2 million (EPS of $0.69) and operating net income of $12.8 million, reflecting a decrease compared to Q4 2023.
Top-line growth: Achieved gross written premiums of $62.7 million (up 3.9%) and net premiums earned of $66.5 million, driven by robust voluntary premium increases and a strong policy retention rate of 94.1% on a policy basis.
Capital management: Increased the regular dividend by 5.4% to $0.39 per share, underscoring a focused approach on shareholder value.

Feb 27, 2025, 3:31 PM

Transcript

AMERISAFE Inc Q4 2024 Results and Dividend Increase

AMSF

Earnings

Dividends

AMERISAFE Inc reported its Q4 2024 financial results, including a net income of $55.4 million and a full-year return on equity of 20.2%, underlining solid profitability in a competitive market.
The Board increased its quarterly dividend by 5.4%, raising the payout from $0.37 to $0.39 per share, payable on March 21, 2025.
The announcement was confirmed by EVP & CFO Andy Omiridis, reinforcing the company's commitment to strong operational performance.