8-K Announcements
6Material company update
Apr 22, 2026·SEC
Material company update
Apr 16, 2026·SEC
Material company update
Feb 25, 2026·SEC
AMERISAFE, Inc.(AMSF)Earnings, Financials & Key Ratios
AMSF•NASDAQ•Insurance & Managed Care
$34.36
13.9× P/E·Price updated Jul 2, 2026
AboutAMERISAFE, Inc., an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime. The company was incorporated in 1985 and is based in DeRidder, Louisiana.Show more
- Revenue$317M+2.6%
- Combined Ratio81.45%+4.9%
- Net Income$47M-15.0%
- Return on Equity18.53%-8.1%
- Medical Cost Ratio53.57%-8.5%
- Operating Margin18.55%-17.0%
- Net Margin14.86%-17.1%
- ROA4.53%-11.9%
- Equity / Assets24.36%-0.6%
AMSF Price & Volume
AMERISAFE, Inc. (AMSF) stock price & volume — 10-year historical chart
Loading chart...
Specialized Underwriting Discipline Offsets Cyclical Revenue Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Medical cost inflation volatility
Key Thesis Takeaways
- AMERISAFE maintains a fortress balance sheet with a 0.00% debt-to-equity ratio, providing significant solvency protection against the inherent volatility of its high-hazard workers' compensation niche.
- While the company demonstrates impressive underwriting discipline with combined ratios as low as 74.2%, investors should monitor the persistent disconnect between net income and operating cash flow, which frequently turns negative.
- Future performance remains tethered to industrial payroll fluctuations and the potential for adverse reserve development, necessitating a cautious approach to the company's aggressive dividend policy.
Verdict Logic
while the company maintains a 7.5% dividend yield and strong underwriting margins, the negative OCF/NI ratio of -0.33 in 2026Q1 suggests that reported earnings may not be fully supported by cash generation.
AMSF Growth Metrics
AMERISAFE, Inc. (AMSF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-2.33%
5 Years-1.35%
3 Years2.49%
TTM7.82%
Profit CAGR
10 Years-3.94%
5 Years-11.45%
3 Years-5.35%
TTM-2.36%
EPS CAGR
10 Years-3.93%
5 Years-11.19%
3 Years-4.99%
TTM-2.02%
Return on Capital
10 Years11.82%
5 Years16.53%
3 Years17.68%
Last Year16.79%
AMSF Recent Earnings
AMERISAFE, Inc. (AMSF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$0.50-3.8%
$0.52
Rev
$89M-2.2%
$90M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.51-10.5%
$0.57
Rev
$70M+4.4%
$67M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.55+0.0%
$0.55
Rev
$82M+2.4%
$80M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.53-3.6%
$0.55
Rev
$81M+3.8%
$78M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $0.50vs $0.52-3.8% | $89Mvs $90M-2.2% |
| Q1 2026 | Feb 25, 2026 | $0.51vs $0.57-10.5% | $70Mvs $67M+4.4% |
| Q4 2025 | Oct 29, 2025 | $0.55vs $0.55+0.0% | $82Mvs $80M+2.4% |
| Q3 2025 | Jul 24, 2025 | $0.53vs $0.55-3.6% | $81Mvs $78M+3.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for AMERISAFE, Inc. (AMSF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.36 | $645.79M | 13.91 | 2.63% | 14.86% | 18.53% | 7.41% | |
| $47.60 | $3.27B | 18.10 | 18.98% | 13.17% | 10.9% | — | |
| $51.22 | $1.2B | 113.82 | -2.55% | 0.95% | 0.83% | — | |
| $98.55 | $34.43B | 8.48 | 14.27% | 24.73% | 20.48% | — | |
| $133.89 | $36.82B | 10.05 | 7.1% | 14.13% | 22.01% | — | |
| $334.62 | $71.16B | 12.20 | 5.17% | 15.54% | 24.14% | — |
Compare AMSF vs Peers
AMERISAFE, Inc. (AMSF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AMSF SEC Filings & Documents
AMERISAFE, Inc. (AMSF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when AMSF posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
AMSF Frequently Asked Questions
AMERISAFE, Inc. (AMSF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is AMERISAFE, Inc. growing?
AMERISAFE, Inc. (AMSF) grew revenue by 2.6% over the past year. Growth has been modest.
Is AMSF profitable?
Yes, AMERISAFE, Inc. (AMSF) is profitable, generating $46.3M in net income for fiscal year 2025 (14.9% net margin).
Dividend & Returns
Does AMSF pay dividends?
Yes, AMERISAFE, Inc. (AMSF) pays a dividend with a yield of 7.41%. This makes it attractive for income-focused investors.
What is AMSF's return on equity?
AMERISAFE, Inc. (AMSF) has a return on equity (ROE) of 18.5%. This is reasonable for most industries.
Industry Metrics
What is AMERISAFE, Inc.'s combined ratio?
AMERISAFE, Inc. (AMSF) has a combined ratio of 81.4%. A ratio below 100% indicates underwriting profitability.