AMERISAFE INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Investments: | ||
| Fixed maturity securities—held-to-maturity, at amortized cost net of allowance for credit losses of $73 and $116 in 2025 and 2024, respectively, (fair value $344,576 and $399,721 in 2025 and 2024, respectively) | $350,087 | $413,061 |
| Fixed maturity securities—available-for-sale, at fair value (amortized cost $317,116, allowance for credit losses of $0 in 2025 and amortized cost $318,975, allowance for credit losses of $0 in 2024) | 313,038 | 307,750 |
| Equity securities, at fair value (cost $31,165 and $36,020 in 2025 and 2024, respectively) | 57,493 | 58,629 |
| Short-term investments | 14,237 | 9,338 |
| Total investments | 734,855 | 788,778 |
| Cash and cash equivalents | 61,926 | 44,045 |
| Amounts recoverable from reinsurers (net of allowance for credit losses of $264 and $300 in 2025 and 2024, respectively) | 108,098 | 117,019 |
| Premiums receivable (net of allowance for credit losses of $4,172 and $4,238 in 2025 and 2024, respectively) | 160,944 | 142,659 |
| Deferred income taxes | 17,572 | 19,448 |
| Accrued interest receivable | 6,963 | 7,327 |
| Property and equipment, net | 7,293 | 5,887 |
| Deferred policy acquisition costs | 21,085 | 19,151 |
| Federal income tax recoverable | 3,088 | 2,180 |
| Other assets | 8,720 | 11,297 |
| Total assets | $1,130,544 | $1,157,791 |
| Liabilities and shareholders’ equity | ||
| Liabilities: | ||
| Reserves for loss and loss adjustment expenses | $613,583 | $651,309 |
| Unearned premiums | 135,503 | 121,926 |
| Amounts held for others | 39,139 | 38,657 |
| Policyholder deposits | 33,532 | 33,867 |
| Insurance-related assessments | 15,979 | 14,852 |
| Accounts payable and other liabilities | 39,178 | 38,409 |
| Payable for investments purchased | 2,032 | 1,430 |
| Total liabilities | 878,946 | 900,450 |
| Shareholders’ equity: | ||
| Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2025 and 2024; 20,769,021 and 20,733,166 shares issued; and 18,794,881 and 19,050,315 shares outstanding in 2025 and 2024, respectively | 208 | 207 |
| Additional paid-in capital | 225,912 | 223,956 |
| Treasury stock, at cost (1,974,140 and 1,682,851 shares in 2025 and 2024, respectively) | (54,155) | (42,052) |
| Accumulated earnings | 82,850 | 84,105 |
| Accumulated other comprehensive loss, net | (3,217) | (8,875) |
| Total shareholders’ equity | 251,598 | 257,341 |
| Total liabilities and shareholders’ equity | $1,130,544 | $1,157,791 |
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