AMERISAFE INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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.
FY2025 · Filed Feb 27, 2026
AMSF$19.89+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule II. Condensed Financial Information of Registrant
CONDENSED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in thousands) | ||
| Assets: | ||
| Investments: | ||
| Fixed maturity securities—available-for-sale, at fair value (amortized cost $997 and $4,988 in 2025 and 2024, respectively) | $970 | $4,925 |
| Equity securities, at fair value (cost $0, and $5,110 in 2025 and 2024, respectively) | — | 8,000 |
| Short-term investments | 4,593 | — |
| Investment in subsidiaries | 220,923 | 230,936 |
| Total investments | 226,486 | 243,861 |
| Cash and cash equivalents | 19,946 | 11,793 |
| Deferred income taxes | 1,240 | 685 |
| Notes receivable from subsidiaries | 2,398 | 2,007 |
| Property and equipment, net | 1,311 | 762 |
| Federal income tax recoverable | 3,252 | 1,676 |
| Other assets | 1,261 | 1,051 |
| Total assets | $255,894 | $261,835 |
| Liabilities and shareholders’ equity | ||
| Liabilities: | ||
| Accounts payable and other liabilities | 4,296 | 4,494 |
| Total liabilities | 4,296 | 4,494 |
| Shareholders' equity (net of Treasury stock of $54,155 and $42,052 at December 31, 2025 and 2024, respectively) | 251,598 | 257,341 |
| Total liabilities and shareholders' equity | $255,894 | $261,835 |
Schedule II. Condensed Financial Information of Registrant – (Continued)
CONDENSED STATEMENTS OF INCOME
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (in thousands) | |||
| Revenues | |||
| Net investment income | $3,593 | $2,279 | $4,861 |
| Net unrealized gains (losses) on equity securities | (2,890) | 141 | (845) |
| Fee and other income | 8,856 | 10,395 | 8,933 |
| Total revenues | 9,559 | 12,815 | 12,949 |
| Expenses | |||
| Other operating costs | 8,856 | 10,395 | 8,932 |
| Total expenses | 8,856 | 10,395 | 8,932 |
| Income before income taxes and equity in earnings of subsidiaries | 703 | 2,420 | 4,017 |
| Income tax expense | 617 | 1,412 | 1,055 |
| Gain before equity in earnings of subsidiaries | 86 | 1,008 | 2,962 |
| Equity in net income of subsidiaries | 47,058 | 54,428 | 59,146 |
| Net income | $47,144 | $55,436 | $62,108 |
Schedule II. Condensed Financial Information of Registrant – (Continued)
CONDENSED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (in thousands) | |||
| Operating activities | |||
| Net cash provided by operating activities | $554 | $2,623 | $5,591 |
| Investing activities | |||
| Purchases of investments | (4,588) | — | (24,885) |
| Proceeds from sales of investments | 12,223 | 22,502 | 35,013 |
| Purchases of property and equipment | (1,124) | 231 | (482) |
| Dividends from subsidiary | 62,700 | 71,000 | 56,000 |
| Net cash provided by investing activities | 69,211 | 93,733 | 65,646 |
| Financing activities | |||
| Finance lease purchases | (85) | (85) | (91) |
| Share-based compensation related tax withholding | (817) | (554) | (944) |
| Purchase of treasury stock | (12,103) | (5,123) | (2,171) |
| Dividends to shareholders | (48,607) | (85,436) | (93,307) |
| Net cash used in financing activities | (61,612) | (91,198) | (96,513) |
| Change in cash and cash equivalents | 8,153 | 5,158 | (25,276) |
| Cash and cash equivalents at beginning of year | 11,793 | 6,635 | 31,911 |
| Cash and cash equivalents at end of year | $19,946 | $11,793 | $6,635 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.