AMERISAFE Q1 net income down 10% to $17.3M; operating EPS up 8% to $0.82

AMERISAFE INC

2022-Q1 EPS reported $0.89 revenue$75,560,000

Net premiums earned $67.6M (-4.5% YoY); net combined ratio improved to 80.1% from 84.6%.
Diluted EPS $0.89 vs $0.99; operating EPS $0.82 vs $0.76 (7.9% increase).
Underwriting profit rose 23.8% to $13.5M; expense ratio fell to 22.4% from 26.8%.
Board declared $0.31 quarterly dividend (6.9% increase vs 2021); $22.9M repurchase authorization left.

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