---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-118717"
form_type: "8-K"
ticker: "AMSF"
cik: "0001018979"
company_name: "AMERISAFE INC"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:21:21.563275+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-118717
- form_type: 8-K
- ticker: AMSF
- cik: 0001018979
- company_name: AMERISAFE INC
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018979/000119312523118717/0001193125-23-118717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018979/000119312523118717/d295974d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-118717
- JSON: https://secwatch.observer/filing/0001193125-23-118717.json
- Plain text: https://secwatch.observer/filing/0001193125-23-118717.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1018979/000119312523118717/0001193125-23-118717-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.