AMERISAFE Q3 operating EPS $0.73; declares special dividend of $4.00/share

AMERISAFE INC

Q3 net income $11.4M ($0.59 diluted EPS), operating net income $14.1M ($0.73 operating EPS).
Net combined ratio 85.4% vs 71.5% a year ago; underwriting profit down 49% to $9.8M.
Board declares special cash dividend of $4.00 per share, payable Dec 16 to record Dec 2; also regular $0.31 quarterly dividend.
Book value per share $19.47, down 21.5% YoY; repurchased 139,559 shares for $6.5M in Q3.
Net investment income up 15.4% to $7.0M; favorable prior-year loss development of $10.4M.

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