AMERISAFE INC AMSF

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived Nasdaq

AMERISAFE, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, services, manufacturing, and maritime. Since commencing operations in 1986, we have gained significant experience underwriting the complex workers' compensation exposures inherent in these industries. We provide coverage to employers under state and federal workers' compensation laws. These laws prescribe wage replacement and medical care benefits that employers are obligated to provide to their employees who are injured in the course and scope of their employment. Our workers' compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death and medical and hospital expenses. The benefits payable and the duration of those benefits are set by state or federal law. The benefits vary by jurisdiction, the nature and severity of the injury and the wages of the employee. The employer, who is the policyholder, pays the premiums for coverage.

Last close 26.31 2026-10-23
Market cap $487.7M 2026-06-30 share count
52-week range 23.20 - 42.10

Valuation FY2025 figures against the last close

P/S1.5x
P/E10.7x
P/FCF54.7x
EV/EBITDA—
Dividend yield10.0%
Diluted EPS2.47

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $317.3M$309.0M$306.9M$294.7M$315.9M$339.5M$370.4M$377.8M$375.2M$396.7M
Pre-tax income $58.9M$69.1M$77.4M$67.6M$79.4M$106.9M$115.5M$87.6M$82.2M$112.8M
Income tax $11.7M$13.6M$15.3M$12.0M$13.7M$20.3M$22.8M$15.9M$36.0M$35.0M
Net income $47.1M$55.4M$62.1M$55.6M$65.8M$86.6M$92.7M$71.6M$46.2M$77.9M
EPS, basic 2.482.913.242.893.404.494.823.732.414.08
EPS, diluted 2.472.893.232.883.394.474.803.712.404.05
Shares, diluted (wtd. avg.) 19.1M19.2M19.2M19.3M19.4M19.4M19.3M19.3M19.2M19.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $61.9M$44.0M$38.7M$61.5M$70.7M$61.8M$43.8M$40.3M$55.6M$58.9M
Short-term investments —$9.3K$0————$14.2M$25.8M$29.6M
Property, plant and equipment $7.3M$5.9M$6.3M$7.2M$6.5M$6.2M$6.3M$6.3M$6.1M$6.6M
Total assets $1.13B$1.16B$1.23B$1.27B$1.40B$1.47B$1.49B$1.52B$1.52B$1.52B
Total liabilities $878.9M$900.5M$936.7M$951.8M$1.00B$1.03B$1.06B$1.11B$1.09B$1.06B
Retained earnings $82.8M$84.1M$114.3M$145.5M$190.5M$224.6M$227.2M$221.3M$233.9M$270.4M
Total equity $251.6M$257.3M$292.5M$317.4M$399.3M$438.8M$430.2M$409.8M$425.4M$456.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $11.1M$24.2M$29.8M$28.2M$38.0M$63.4M$78.8M$98.3M$130.8M$114.2M
Depreciation and amortisation $742.0K$1.1M$1.4M$1.3M$1.0M$1.0M$942.0K$996.0K$984.0K$1.2M
Stock-based compensation $2.9M$2.9M$1.6M$2.5M$2.3M$3.3M$2.4M$2.1M$2.0M$1.6M
Capital expenditure $2.1M$840.0K$553.0K$2.1M$1.3M$921.0K$1.0M$1.1M$478.0K$1.6M
Investing cash flow $68.4M$72.4M$43.9M$75.4M$71.0M$43.4M$11.7M-$29.1M-$51.5M-$50.5M
Financing cash flow -$61.6M-$91.2M-$96.5M-$112.9M-$100.0M-$88.8M-$87.0M-$84.4M-$82.6M-$74.3M
Dividends paid $48.6M$85.4M$93.3M$100.4M$99.9M$88.8M$87.0M$84.5M$82.6M$76.1M
Buybacks $12.1M$5.1M$2.2M$12.4M——————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177410.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M 400M Revenue, FY2016: 396.7M Net income, FY2016: 77.9M Revenue, FY2017: 375.2M Net income, FY2017: 46.2M Revenue, FY2018: 377.8M Net income, FY2018: 71.6M Revenue, FY2019: 370.4M Net income, FY2019: 92.7M Revenue, FY2020: 339.5M Net income, FY2020: 86.6M Revenue, FY2021: 315.9M Net income, FY2021: 65.8M Revenue, FY2022: 294.7M Net income, FY2022: 55.6M Revenue, FY2023: 306.9M Net income, FY2023: 62.1M Revenue, FY2024: 309M Net income, FY2024: 55.4M Revenue, FY2025: 317.3M Net income, FY2025: 47.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $396.7M $375.2M $377.8M $370.4M $339.5M $315.9M $294.7M $306.9M $309.0M $317.3M
Gross profit — — — — — — — — — —
Net income $77.9M $46.2M $71.6M $92.7M $86.6M $65.8M $55.6M $62.1M $55.4M $47.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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