---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-103774"
form_type: "8-K"
ticker: "AMSF"
cik: "0001018979"
company_name: "AMERISAFE INC"
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:19:19.867134+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AMERISAFE Q1 net income down 47% to $8.9M; operating EPS $0.60

## Summary
- Net premiums earned $68.9M (+0.6% YoY); gross premiums written $83.8M (+4.6%).
- Net income $8.9M ($0.47 diluted EPS) vs $16.9M ($0.88) in Q1 2024; operating earnings $11.4M ($0.60 EPS).
- Net combined ratio 89.1% vs 87.3% as underwriting expense ratio rose to 29.9%.
- Regular quarterly dividend increased 5.4% to $0.39 per share; payable June 20, 2025.
- Book value per share $13.69, up 1.3% from Dec 31, 2024; return on avg equity 13.8%.

## SEC filing metadata
- accession: 0001193125-25-103774
- form_type: 8-K
- ticker: AMSF
- cik: 0001018979
- company_name: AMERISAFE INC
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018979/000119312525103774/0001193125-25-103774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018979/000119312525103774/d938061d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-103774
- JSON: https://secwatch.observer/filing/0001193125-25-103774.json
- Plain text: https://secwatch.observer/filing/0001193125-25-103774.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.