earnings
confidence high
sentiment negative
materiality 0.70
AMERISAFE Q3 net premiums -9.6%, net income -18.1%; declares $4 special dividend
AMERISAFE INC
2021-Q3 EPS reported
$3.21
revenue$237,553,000
- Net premiums earned $67.6M (-9.6% YoY), net income $19.1M (-18.1%), diluted EPS $0.99 vs $1.21.
- Combined ratio improved to 71.5% from 72.8%, helped by $19.0M favorable prior-year reserve development.
- Operating EPS $1.02 (-12.1%), operating net income $19.8M (-12.0%).
- Special cash dividend of $4.00 per share payable Nov 17, 2021; regular quarterly dividend $0.29.