earnings
confidence high
sentiment negative
materiality 0.70
AMERISAFE Q2 net income falls 29.7% to $11.0M; diluted EPS $0.57 vs $0.81
AMERISAFE INC
2024-Q2 EPS reported
$1.46
revenue$156,319,000
- Net premiums earned rose 4.6% to $68.6M; gross premiums written up 6.6% to $76.4M.
- Net combined ratio worsened to 90.5% from 85.4%; underwriting profit fell 31% to $6.5M.
- Operating EPS $0.58 vs $0.73; prior-year loss development favorable $8.1M.
- Board declared $0.37 Q3 dividend, payable Sept 20; repurchased $4.1M shares in Q2.
- Book value per share $15.78, up 3.3% from year-end; investment portfolio $884.2M.