AMERISAFE INC

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About 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$19.89+1.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

	Year Ended December 31,
	2024	2023	2022
Revenues
Net premiums earned	$270,639	$267,125	$271,698
Net investment income	29,212	31,339	27,223
Net realized gains (losses) on investments	(576)	6,579	3,440
Net unrealized gains (losses) on equity securities	9,508	1,228	(8,092)
Fee and other income	260	582	468
Total revenues	309,043	306,853	294,737
Expenses
Loss and loss adjustment expenses incurred	157,267	148,263	152,316
Underwriting and certain other operating costs	24,876	27,508	24,039
Commissions	23,750	23,446	21,483
Salaries and benefits	31,503	27,359	26,510
Policyholder dividends	2,657	2,957	2,699
Provision for investment related credit loss expense (benefit)	(66)	(57)	44
Total expenses	239,987	229,476	227,091
Income before income taxes	69,056	77,377	67,646
Income tax expense	13,620	15,269	12,044
Net income	$55,436	$62,108	$55,602
Earnings per share
Basic	$2.91	$3.24	$2.89
Diluted	$2.89	$3.23	$2.88
Shares used in computing earnings per share
Basic	19,070,717	19,149,080	19,233,241
Diluted	19,159,805	19,226,021	19,321,717
Extraordinary cash dividends declared per common share	$3.00	$3.50	$4.00
Cash dividends declared per common share	$1.48	$1.36	$1.24

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.