AMERISAFE Q1 2024 operating EPS $0.69, down 17% YoY; combined ratio 87.3% vs 82.2%

AMERISAFE INC

2024-Q1 EPS reported $0.88 revenue$80,489,000

Net premiums earned $68.4M, down 1.1% YoY; net income $16.9M, down 2.4%.
Diluted EPS $0.88 vs $0.90; operating EPS $0.69 vs $0.83, down 16.9%.
Net combined ratio 87.3%, up from 82.2% due to higher expense ratio (27.3% vs 24.5%).
Underwriting profit $8.7M, down 29.2%; favorable prior-year development $8.6M from accident years 2017-2020.
Quarterly dividend $0.37 per share declared, representing an 8.8% increase from prior year.

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 the first quarter ended March 31, 2024 results: net income Net income 16,925, EPS Diluted earnings per share $ 0.88.

Period: the first quarter ended March 31, 2024
Net income: Net income 16,925
EPS: Diluted earnings per share $ 0.88
Result: reported results

Exact text from the filing

On April 24, 2024, AMERISAFE, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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AMERISAFE INC filing history →

Source: SEC EDGAR

accession 0001193125-24-110065

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