AMERISAFE Q1 net income flat at $17.3M; ROE 21.3%, dividend raised 9.7%

AMERISAFE INC

2023-Q1 EPS reported $0.90 revenue$78,438,000

Net premiums earned $69.2M (+2.4% YoY); diluted EPS $0.90 vs $0.89.
Operating EPS $0.83; net combined ratio 82.2% vs 80.1% in Q1 2022.
Book value per share $17.38, up 4.9% from Dec 2022; ROE 21.3%.
Quarterly dividend increased 9.7% to $0.34 per share, payable June 23, 2023.
Payroll audit premiums surged to $8.9M from $2.8M, offsetting rate declines.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERISAFE INC reported first quarter ended March 31, 2023 results: revenue $ 69,181, net income $ 17,339, EPS $ 0.90.

Period: first quarter ended March 31, 2023
Revenue: $ 69,181
Net income: $ 17,339
EPS: $ 0.90
Result: reported results

Exact text from the filing

today announced results for the first quarter ended March 31, 2023. Three Months Ended March 31, 2023 2022 % Change (in thousands, except per share data) Net premiums earned $ 69,181 $ 67,556 2.4 % Net investment income 7,433 6,113 21.6 % Net realized gains on investments (pre-tax) 258 738 -65.0 % Net unrealized gains on equity securities (pre-tax) 1,369 1,040

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Source: SEC EDGAR

accession 0001193125-23-118717

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