AMERISAFE INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
AMSF$19.63+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Investments: | ||
| Fixed maturity securities—held-to-maturity, at amortized cost net of allowance for credit losses of $182 and $239 in 2023 and 2022, respectively, (fair value $473,092 and $468,144 in 2023 and 2022, respectively) | $483,575 | $491,688 |
| Fixed maturity securities—available-for-sale, at fair value (amortized cost $326,171, allowance for credit losses of $0 in 2023 and amortized cost $338,593, allowance for credit losses of $0 in 2022) | 317,064 | 321,121 |
| Equity securities, at fair value (cost $44,046 and $50,185 in 2023 and 2022, respectively) | 57,147 | 62,058 |
| Short-term investments | — | 14,120 |
| Total investments | 857,786 | 888,987 |
| Cash and cash equivalents | 38,682 | 61,469 |
| Amounts recoverable from reinsurers (net of allowance for credit losses of $360 and $372 in 2023 and 2022, respectively) | 129,963 | 125,677 |
| Premiums receivable (net of allowance for credit losses of $4,674 and $4,852 in 2023 and 2022, respectively) | 132,861 | 121,713 |
| Deferred income taxes | 20,403 | 22,794 |
| Accrued interest receivable | 8,274 | 8,428 |
| Property and equipment, net | 6,349 | 7,225 |
| Deferred policy acquisition costs | 17,975 | 17,401 |
| Federal income tax recoverable | 1,781 | 1,453 |
| Other assets | 15,088 | 14,132 |
| Total assets | $1,229,162 | $1,269,279 |
| Liabilities and shareholders’ equity | ||
| Liabilities: | ||
| Reserves for loss and loss adjustment expenses | $673,994 | $696,037 |
| Unearned premiums | 116,585 | 114,976 |
| Amounts held for others | 53,694 | 48,811 |
| Policyholder deposits | 34,522 | 36,312 |
| Insurance-related assessments | 16,896 | 17,653 |
| Accounts payable and other liabilities | 41,020 | 38,058 |
| Total liabilities | 936,711 | 951,847 |
| Shareholders’ equity: | ||
| Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2023 and 2022; 20,704,448 and 20,678,572 shares issued; and 19,135,008 and 19,155,873 shares outstanding in 2023 and 2022, respectively | 207 | 207 |
| Additional paid-in capital | 222,078 | 220,299 |
| Treasury stock, at cost (1,569,440 and 1,522,699 shares in 2023 and 2022, respectively) | (36,929) | (34,758) |
| Accumulated earnings | 114,289 | 145,512 |
| Accumulated other comprehensive loss, net | (7,194) | (13,828) |
| Total shareholders’ equity | 292,451 | 317,432 |
| Total liabilities and shareholders’ equity | $1,229,162 | $1,269,279 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.