AMERISAFE posts $62.1M net income in 2023, Q4 EPS down 7.4% YoY; dividend raised 8.8%

AMERISAFE INC

2023-FY EPS reported $3.23 revenue$306,853,000

Full-year net income $62.1M (diluted EPS $3.23) vs $55.6M ($2.88) in 2022, up 11.7%.
Q4 net income $19.2M ($1.00 EPS) vs $20.8M ($1.08) prior year, down 7.7% YoY.
Full-year net combined ratio 85.9% vs 83.6% in 2022; underwriting profit down 15.8% to $37.6M.
Dividend increased 8.8% to $0.37 per share, payable Mar 22, 2024 to holders of record Mar 8.
Q4 share repurchases: 46,741 shares at avg $46.45, remaining authorization $10.4M.

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 0.95

AMERISAFE INC reported financial results for the fourth quarter and year ended December 31, 2023.

Period: the fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, AMERISAFE, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023.

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AMERISAFE INC filing history →

Source: SEC EDGAR

accession 0001193125-24-041482

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