earnings
confidence high
sentiment negative
materiality 0.75
AMERISAFE Q2 net income up 4.6% to $14.6M; operating EPS down 17% to $0.44
AMERISAFE INC
- Net income $14.6M ($0.78 diluted EPS) vs $14.0M ($0.73) YoY; operating net income $8.3M ($0.44) down 17.9%.
- Net premiums earned $77.3M, up 11.4% YoY; gross premiums written $86.0M, up 7.9%.
- Net combined ratio 95.4% vs 91.7% a year ago, driven by higher loss ratio (62.6% vs 58.6%) and expense ratio.
- Book value per share $13.49, up 0.7% from year-end; declared $0.41 quarterly dividend payable Sept 25.
- Repurchased 184,093 shares for $5.6M in Q2; remaining authorization $7.3M.