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Amerisafe (AMSF)
NASDAQ:AMSF
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.6Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a cautiously positive outlook: AMERISAFE delivered solid top-line growth (GPW up 11.7% in the quarter; voluntary premium growth ~10%+), maintained strong ROE (18.5%) and a sub-100 combined ratio (91.3%), sustained retention (93.7%) and showed meaningful favorable prior-year development. At the same time, the business faces notable headwinds — a soft market with mid-single-digit negative rate expectations, higher claim severity including more $1M+ claims, medical inflation pressures, a meaningful year-over-year decline in audit premium, and lower full-year investment income — which compressed net income versus 2024 (~15% decline). Overall, the positives (growth, profitability, strong capital and underwriting discipline) outweigh the negatives, though the call emphasizes ongoing vigilance on severity, rates and medical cost inflation.Company Guidance
Strong Return on Equity and Conservative Combined Ratio
ROE of 18.5% for FY2025 and a combined ratio of 91.3%, indicating continued underwriting profitability and disciplined underwriting despite market pressure.
Top-Line Growth — Gross Premiums Written
Gross premium written (GPW) grew 11.7% in the quarter and 6.7% for the full year; this marked the seventh consecutive quarter of top-line growth.
Voluntary Premium Growth and Net Premium Earned
Voluntary premium, the primary GPW component, rose 10.5% in the quarter and 10.2% for the year (vs. 4.6% in 2024). Net premium earned increased 10.7% in the quarter to $73.6M and 4.6% for the year to $283.0M.
Strong Retention and Policy Count Expansion
Renewal retention for policies offered renewal was 93.7% for the quarter; in-force policy count increased 10.2% for the year, evidencing successful distribution and retention efforts.
Favorable Prior-Accident-Year Development
Favorable development from prior accident years totaled $7.6M in the quarter (10.4%) and $33.9M for the full year (12%), helping mitigate current-year loss pressure.
Improving Investment Yield and High-Quality Portfolio
Tax-equivalent book yield increased to 3.83% (up 3 basis points vs. 2024). Investment portfolio is high quality (average AA- rating) with $797M of cash and invested assets and a 4.3-year duration.
Profitability Maintained — Positive Operating Results
Company reported FY2025 net income of $47.1M and net operating income of $41.8M, and Q4 net income of $10.4M ($0.55/share) and operating net income of $9.8M ($0.51/share), demonstrating continued profitability.
Distribution and Operational Efficiency Gains
Improved agency effectiveness: contracted agency count reduced by over one-third in four years while producing more opportunities and binds; operational collaboration (sales, safety, underwriting) described as sustainable and effective.
Niche and Product Mix Growth
Notable growth in select segments: services line increased from 5.3% to 5.8% of the book and agriculture from 6.0% to 7.3%, showing expansion within existing footprints and classes.
Balance Sheet Strength and Capital Actions
Strong capital position highlighted with $797M of invested assets and cash; book value per share reported at $13.39 after a special dividend in December 2025.
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 |
|---|---|---|---|
Feb 25, 2026 | $36.89 | $33.63 | -8.84% |
Oct 29, 2025 | $38.32 | $38.52 | +0.53% |
Jul 24, 2025 | $41.67 | $44.20 | +6.08% |
Apr 29, 2025 | $47.24 | $44.07 | -6.72% |
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 Apr 29, 2026, After Close (Confirmed).
What is Amerisafe (AMSF) earnings time?
Amerisafe (AMSF) earnings time is at Apr 29, 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 (Q1) is 0.55.