AMERISAFE INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
AMSF$19.63+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Investments: | ||
| Fixed maturity securities—held-to-maturity, at amortized cost net of allowance for credit losses of $116 and $182 in 2024 and 2023, respectively, (fair value $399,721 and $473,092 in 2024 and 2023, respectively) | $413,061 | $483,575 |
| Fixed maturity securities—available-for-sale, at fair value (amortized cost $318,975, allowance for credit losses of $0 in 2024 and amortized cost $326,171, allowance for credit losses of $0 in 2023) | 307,750 | 317,064 |
| Equity securities, at fair value (cost $36,020 and $44,046 in 2024 and 2023, respectively) | 58,629 | 57,147 |
| Short-term investments | 9,338 | — |
| Total investments | 788,778 | 857,786 |
| Cash and cash equivalents | 44,045 | 38,682 |
| Amounts recoverable from reinsurers (net of allowance for credit losses of $300 and $360 in 2024 and 2023, respectively) | 117,019 | 129,963 |
| Premiums receivable (net of allowance for credit losses of $4,238 and $4,674 in 2024 and 2023, respectively) | 142,659 | 132,861 |
| Deferred income taxes | 19,448 | 20,403 |
| Accrued interest receivable | 7,327 | 8,274 |
| Property and equipment, net | 5,887 | 6,349 |
| Deferred policy acquisition costs | 19,151 | 17,975 |
| Federal income tax recoverable | 2,180 | 1,781 |
| Other assets | 11,297 | 15,088 |
| Total assets | $1,157,791 | $1,229,162 |
| Liabilities and shareholders’ equity | ||
| Liabilities: | ||
| Reserves for loss and loss adjustment expenses | $651,309 | $673,994 |
| Unearned premiums | 121,926 | 116,585 |
| Amounts held for others | 38,657 | 53,694 |
| Policyholder deposits | 33,867 | 34,522 |
| Insurance-related assessments | 14,852 | 16,896 |
| Accounts payable and other liabilities | 38,409 | 41,020 |
| Payable for investments purchased | 1,430 | — |
| Total liabilities | 900,450 | 936,711 |
| Shareholders’ equity: | ||
| Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2024 and 2023; 20,733,166 and 20,704,448 shares issued; and 19,050,315 and 19,135,008 shares outstanding in 2024 and 2023, respectively | 207 | 207 |
| Additional paid-in capital | 223,956 | 222,078 |
| Treasury stock, at cost (1,682,851 and 1,569,440 shares in 2024 and 2023, respectively) | (42,052) | (36,929) |
| Accumulated earnings | 84,105 | 114,289 |
| Accumulated other comprehensive loss, net | (8,875) | (7,194) |
| Total shareholders’ equity | 257,341 | 292,451 |
| Total liabilities and shareholders’ equity | $1,157,791 | $1,229,162 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.