AMERISAFE Q2 net income $23.8M ($1.23 EPS); combined ratio 74.4%

AMERISAFE INC

2021-Q2 EPS reported $2.22 revenue$164,508,000

Net premiums earned fell 8.0% to $69.9M; gross premiums written down 8.2%.
Net combined ratio improved to 74.4% from 78.5% in Q2 2020, driven by favorable prior-year development.
Operating earnings per share $1.04, up 4.0% YoY; diluted EPS $1.23 vs $1.24.
Book value per share $24.19, up 6.6% from Dec 2020.
Board declared $0.29 quarterly dividend payable Sept 24, 2021.

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