AMERISAFE reports 2024 net income $55.4M, down 10.7% YoY; raises quarterly dividend 5.4% to $0.39

AMERISAFE INC

2024-FY EPS reported $2.89 revenue$309,043,000

Full-year net income $55.4M ($2.89 diluted EPS) vs $62.1M ($3.23) in 2023, down 10.7%.
Net combined ratio 88.7% in 2024 vs 85.9% in 2023 due to higher loss ratio of 58.1%.
Voluntary premiums written up 4.6% for full year; Q4 voluntary premiums grew 8.5%.
Quarterly dividend increased 5.4% to $0.39 per share, payable March 21, 2025 to holders of record March 7.
Return on average equity 20.2% for 2024 vs 20.4% in 2023.

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