Amerisafe (AMSF)
NASDAQ:AMSF
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.52Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
AMERISAFE reported solid, disciplined performance with mid-single-digit to high-single-digit growth in key premium metrics, improving expense efficiency, favorable prior-year development, a strong balance sheet and improving investment yields. Headline underwriting profitability (combined ratio 93.2%) and share repurchases support shareholder value. Offsetting items include industry-wide soft pricing and claim severity pressure, a slight decline in operating and GAAP earnings versus the prior year quarter, lower audit premium, and modest unrealized losses in the investment portfolio. Overall, the positives around premium growth, underwriting discipline, expense improvement and capital strength outweigh the challenges.Company Guidance
Premium Growth
Net premiums earned grew 9% year-over-year to $75.1 million. Gross premiums written increased 5.6% to $88.5 million (Q1 2026 vs Q1 2025). New and renewal voluntary premium rose 8.2%.
Strong Retention and Policy Count Expansion
Policy retention for offered renewals was 92.4% for the quarter. In-force policy count increased 1.7% quarter-over-quarter and 9.5% year-over-year since Q1 2025.
Underwriting Profitability and Combined Ratio
Company delivered a combined ratio of 93.2% and produced operating earnings of $0.50 per diluted share for the quarter, indicating continued underwriting profitability in a soft pricing market.
Expense Management
Total underwriting and other expenses were $22.3 million, producing an expense ratio of 29.7% versus 29.9% a year ago — the third consecutive year-over-year improvement driven by operating leverage.
Favorable Prior Year Development
Prior accident years produced $7.6 million of favorable development, equal to 10.1 points of favorable development in the quarter (compared with $8.7 million or 12.7 points in prior year quarter), contributing to a net loss ratio of 61.9%.
Payroll and Wage Growth
Targeted classes showed positive payroll growth with wage growth of 4.5% for the quarter while headcount remained essentially flat, supporting premium growth in the face of rate pressure.
Investment Yield Improvement and High-Quality Portfolio
Tax-equivalent portfolio yield increased to 3.9%, up 7 basis points year-over-year; yield on new investments rose 174 basis points vs portfolio roll off. Portfolio average credit rating AA- with duration of 4.4 years and largely unchanged asset allocation.
Capital Position and Share Repurchase
Strong balance sheet with approximately $774 million in cash and invested assets at quarter-end. Repurchased nearly 120,000 shares for $4.0 million at an average price of $33.60, with $12.9 million remaining authorization.
No Large Incurred Claims Above $1 Million
The quarter ended with no claims with incurred value over $1 million, compared with two such claims in the comparable prior-year quarter, reducing volatility risk for the period.
AMSF Earnings History
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 22, 2026 | $33.15 | $29.96 | -9.62% |
Feb 25, 2026 | $36.43 | $33.21 | -8.84% |
Oct 29, 2025 | $37.84 | $38.04 | +0.53% |
Jul 24, 2025 | $41.15 | $43.65 | +6.08% |
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 (AMSF) report earnings?
Amerisafe (AMSF) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Amerisafe (AMSF) earnings time?
Amerisafe (AMSF) earnings time is at Jul 23, 2026, 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 2026 (Q2) is 0.52.