NASDAQ$AMSF

Amerisafe Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced second quarter 2021 results, reporting a combined ratio of 74.4%.

AMERISAFE reported a decrease in gross premiums written by 8.2% due to lower voluntary premiums. However, the company's combined ratio declined, and favorable prior year case development and operating expense management countered premium pressures.

  • Net premiums earned decreased by 8.0% compared to the second quarter of 2020.
  • Net income was $23.8 million, a slight decrease of 0.8% compared to the same period last year.
  • The combined ratio improved to 74.4% compared to 78.5% in the second quarter of 2020.
  • Diluted earnings per share were $1.23, a slight decrease of 0.8% compared to $1.24 in the second quarter of 2020.

Headline financials

Total Revenue

$81.2M

Previous: $89.1M-8.9%
EPS (adj)

$1.04

Previous: $1.00+4.0%
Net Combined Ratio

74.4%

Previous: 78.5%-5.2%
Return on Average Equity

20.8%

Previous: 21.3%-2.3%
Capital Expenditures

-$589K

Previous: -$579K-1.7%
Free Cash Flow

$23.2M

Previous: $23.4M-0.8%
Net Income

$23.8M

Previous: $23.9M-0.8%
Operating Income

$41.6M

Previous: $43.9M-5.2%
Gross Profit

$47.6M

Previous: $50.6M-5.9%
Cash & Equivalents

$57.5M

Previous: $110M-47.8%
Total Assets

$1.51B

Previous: $1.55B-2.8%
Stock-Based Comp

$736K

Previous: $1.02M-27.7%

Revenue & EPS history

Amerisafe · Revenue · Quarterly

$81.2M

Q2 2021-8.9%vs Q2 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

AMERISAFE has scheduled a conference call for July 29, 2021, at 10:30 a.m. Eastern Time to discuss the results for the quarter and comment on future periods.

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 2021

Historical avgQ2 2021

+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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