AMERISAFE Q2 2023 net income $15.6M, EPS $0.81, ROE 18.6%

AMERISAFE INC

2023-Q2 EPS reported $1.72 revenue$154,097,000

Net income $15.6M ($0.81 diluted EPS) vs $6.1M ($0.32) in Q2 2022, up 155%.
Net premiums earned $65.6M, down 6.7% YoY; net combined ratio 85.4% vs 86.7%.
Net investment income $7.7M, up 19.1% YoY; pre-tax yield 3.2%.
Favorable prior-year loss reserve development of $10.9M reduced loss ratio.
Quarterly dividend of $0.34/share declared, payable Sep 22, 2023, up 9.7%.

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 the second quarter ended June 30, 2023 results: revenue $65,598, net income $15.6 Million, EPS $0.81.

Period: the second quarter ended June 30, 2023
Revenue: $65,598
Net income: $15.6 Million
EPS: $0.81
Result: reported results

Exact text from the filing

Ended June 30, Six Months Ended June 30, 2023 2022 % Change 2023 2022 % Change (in thousands, except per share data) (in thousands, except per share data) Net premiums earned $ 65,598 $ 70,279 -6.7 % $ 134,779 $ 137,835 -2.2 % Net investment income 7,724 6,485 19.1 % 15,157 12,598 20.3 % Net realized gains on investments (pre-tax) 75 1,079 -93.0 % 333 1,817

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERISAFE INC reported the six months ended June 30, 2023 results: revenue $134,779, net income $32,966, EPS $1.72.

Period: the six months ended June 30, 2023
Revenue: $134,779
Net income: $32,966
EPS: $1.72
Result: reported results

Exact text from the filing

Ended June 30, 2023 2022 % Change 2023 2022 % Change (in thousands, except per share data) (in thousands, except per share data) Net premiums earned $ 65,598 $ 70,279 -6.7 % $ 134,779 $ 137,835 -2.2 % Net investment income 7,724 6,485 19.1 % 15,157 12,598 20.3 % Net realized gains on investments (pre-tax) 75 1,079 -93.0 % 333 1,817 -81.7 % Net unrealized gains

View on SEC.gov

Browse all earnings releases →

AMERISAFE INC filing history →

Source: SEC EDGAR

accession 0001193125-23-196083

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.