The earnings call presented a mixed picture with significant growth in gross written premiums and strong policy retention, indicating positive operational performance. However, the financial results were marred by a significant decrease in net income, increased expenses, and a higher tax rate. The highlights and lowlights are fairly balanced, reflecting both achievements in policy retention and challenges in financial metrics.

Company Guidance -

Q1 2025

During the AMERISAFE First Quarter 2025 Earnings Call, the company reported a 4.6% increase in gross written premiums to $83.8 million compared to the same quarter in 2024, despite challenges from declining workers' compensation rates and economic uncertainties. Premiums on newly written policies grew by 7.1%, while retention rates on renewals remained strong at 93.1%. The current accident year loss ratio was stable at 71%, and favorable development from prior accident years, particularly 2020 and 2021, contributed $8.7 million. Net income for the quarter was $8.9 million, or $0.47 per diluted share, down from $16.9 million in the prior year, primarily due to a $3.2 million net unrealized loss on equity securities. Operating net income was $11.4 million, or $0.60 per diluted share. Total underwriting and other expenses increased to $20.6 million, affecting the expense ratio, which rose to 29.9% from 27.3% in the first quarter of 2024. The company's investment portfolio, with a duration of 4.48 years and an average AA- credit rating, yielded a tax equivalent book yield of 3.85%.

Gross Written Premiums Growth

Gross written premiums grew 4.6% over the first quarter of 2024, driven by consistent new business gains and strong premium retention. Premiums on policies written in the quarter grew 7.1% over the prior year quarter.

Strong Policy Retention

The company achieved a 93.1% retention rate in the first quarter, indicating strong policyholder loyalty and satisfaction.

Favorable Development on Prior Accident Years

The company experienced $8.7 million in favorable development on prior accident years, primarily from accident years 2020 and 2021, attributed to proactive claims handling.

Investment Portfolio Performance

The investment portfolio maintained a high quality with an average AA- credit rating and a yield on new investments exceeding portfolio roll off by 296 basis points.

Amerisafe (AMSF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AMSF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 24, 2025	2025 (Q2)	0.55 / -	0.58	―	―	―
Apr 29, 2025	2025 (Q1)	0.61 / 0.60	0.69	-13.04% (-0.09)	―
Feb 26, 2025	2024 (Q4)	0.63 / 0.67	0.74	-9.46% (-0.07)	―
Oct 23, 2024	2024 (Q3)	0.58 / 0.58	0.61	-4.92% (-0.03)	―
Jul 29, 2024	2024 (Q2)	0.63 / 0.58	0.73	-20.55% (-0.15)	―
Apr 24, 2024	2024 (Q1)	0.70 / 0.69	0.83	-16.87% (-0.14)	―
Feb 21, 2024	2023 (Q4)	0.71 / 0.74	0.84	-11.90% (-0.10)	―
Oct 25, 2023	2023 (Q3)	0.69 / 0.61	0.73	-16.44% (-0.12)	―
Jul 27, 2023	2023 (Q2)	0.72 / 0.73	0.68	7.35% (+0.05)	―
Apr 26, 2023	2023 (Q1)	0.71 / 0.83	0.82	1.22% (+0.01)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AMSF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2025	$49.41	$46.09	-6.72%
Feb 26, 2025	$50.01	$49.98	-0.06%
Oct 23, 2024	$47.10	$52.09	+10.59%
Jul 29, 2024	$45.73	$44.04	-3.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does AMERISAFE, Inc. (AMSF) report earnings?

AMERISAFE, Inc. (AMSF) is schdueled to report earning on Jul 24, 2025, After Close (Confirmed).

What is AMERISAFE, Inc. (AMSF) earnings time?

AMERISAFE, Inc. (AMSF) earnings time is at Jul 24, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AMSF EPS forecast?

AMSF EPS forecast for the fiscal quarter 2025 (Q2) is 0.55.

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