NASDAQ$AMSF

Amerisafe Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced second quarter 2020 results, reporting a combined ratio of 78.5%.

AMERISAFE reported net income of $23.9 million, or $1.24 per diluted share, and a combined ratio of 78.5% for the second quarter of 2020. The company's fundamentals led to favorable prior year case development and consistent returns.

  • Net income increased by 33.9% to $23.9 million compared to Q2 2019.
  • Diluted earnings per share increased by 33.3% to $1.24 compared to Q2 2019.
  • The combined ratio was 78.5%, reflecting disciplined underwriting and intensive claims management.
  • Book value per share increased to $23.94.

Headline financials

Total Revenue

$89.1M

Previous: $91.8M-2.9%
EPS (adj)

$1.00

Previous: $0.90+11.1%
Net Combined Ratio

78.5%

Previous: 83.9%-6.4%
Return on Average Equity

21.3%

Previous: 16.3%+30.7%
Capital Expenditures

-$579K

Previous: -$148K-291.2%
Free Cash Flow

$23.4M

Previous: $17.7M+31.7%
Net Income

$23.9M

Previous: $17.9M+33.9%
Operating Income

$43.9M

Previous: $35.7M+22.8%
Gross Profit

$50.6M

Previous: $41.9M+20.8%
Cash & Equivalents

$110M

Previous: $51.2M+115.2%
Total Assets

$1.55B

Previous: $1.57B-1.3%
Stock-Based Comp

$1.02M

Previous: -$56K+1917.9%

Revenue & EPS history

Amerisafe · Revenue · Quarterly

$89.1M

Q2 2020-2.9%vs Q2 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Premiums in future periods will depend on the ongoing economic impact of COVID-19. Investment income may decline, and the market value of investment securities may decrease, depending on the ongoing economic impact.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.7%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-0.8%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+13.7%

Q4 2012

Best reaction

-12.6%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%+5.9%+3.6%
Q4 2025-8.9%-7.0%-11.3%
Q3 2025+0.6%+1.0%+2.7%
Q2 2025-0.8%-0.8%-4.0%
Q1 2025-1.4%+1.3%+2.1%
Q4 2024-0.1%+0.2%+3.6%
Q3 2024+10.6%+8.1%+15.6%
Q2 2024-5.5%-7.0%-2.1%
Q1 2024-10.0%-11.6%-12.4%
Q4 2023+1.3%+4.2%-0.1%
Q3 2023-1.8%-2.2%-0.6%
Q2 2023-5.7%-5.6%-8.3%
Q1 2023+4.7%+5.5%-2.5%
Q4 2022-2.1%-2.9%-12.0%
Q3 2022+8.0%+9.2%+7.6%
Q2 2022-5.7%-6.1%+2.0%
Q1 2022+7.0%+3.7%+10.0%
Q4 2021-12.6%-12.2%-6.7%
Q3 2021+2.2%+5.5%-6.9%
Q2 2021+0.6%+1.5%+1.4%
Q1 2021-0.4%+3.1%+5.1%
Q4 2020+1.1%-0.4%+10.0%
Q3 2020+1.6%+3.4%-3.5%
Q2 2020-1.0%-1.3%+4.4%
Q1 2020-0.4%-2.6%-4.0%
Q4 2019+8.9%+6.7%-24.2%
Q3 2019+7.5%+9.9%+5.7%
Q2 2019-0.1%-2.0%+4.7%
Q1 2019+1.0%+2.7%+0.6%
Q4 2018+2.0%-0.1%-4.0%
Q3 2018+5.5%+5.6%+1.6%
Q2 2018+1.1%-0.7%+1.6%
Q1 2018+8.5%+4.9%+6.0%
Q4 2017-0.9%-4.5%-5.4%
Q3 2017+5.7%+6.0%+8.1%
Q2 2017+2.9%+1.2%-5.8%
Q1 2017-11.7%-12.2%-21.0%
Q4 2016+3.9%-0.8%-2.4%
Q3 2016+2.5%-0.7%+16.0%
Q2 2016-6.4%-10.7%-5.6%
Q1 2016+5.8%
Q4 2015+1.1%
Q3 2015+5.3%
Q2 2015+6.9%
Q1 2015-2.8%
Q4 2014-3.5%
Q3 2014-1.5%
Q2 2014+0.8%
Q1 2014-2.2%
Q4 2013+12.0%
Q3 2013-0.6%
Q2 2013-5.7%
Q1 2013-1.1%
Q4 2012+13.7%
Q3 2012-1.2%
Q2 2012+3.9%
Q1 2011+1.0%
Q1 2012+2.9%
Q4 2009+0.1%
Q4 2011+0.1%
Q4 2010+0.1%
Q3 2010-0.9%
Q3 2011-0.9%
Q2 2010-0.7%
Q2 2011-0.7%
Q1 2010-0.7%

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