AMERISAFE Q3 net income up 43.8% to $14.3M; declares special dividend of $3.00/share

AMERISAFE INC

2024-Q3 EPS reported $2.21 revenue$235,014,000

Diluted EPS $0.75 (up 44.2% YoY); operating EPS $0.58 (down 4.9% YoY).
Net combined ratio 90.9% vs 90.6% in Q3 2023; gross premiums written up 5.8% to $74.9M.
Net investment income fell 7.6% to $7.5M; book value per share $16.50 (up 8.0% YTD).
Special cash dividend of $3.00/share plus regular quarterly dividend of $0.37/share; payable Dec 13, record Dec 6.
Repurchased 21,586 shares at avg $46.79 in Q3; $5.3M remaining buyback authority.

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