NASDAQ$AMSF

Amerisafe Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

AMERISAFE reported strong Q4 and year-end results driven by its specialized approach to workers’ compensation.

AMERISAFE reported a net income of $34.0 million for the fourth quarter of 2019, an increase of 80.9% compared to the same period in 2018. The company's combined ratio was 59.6% for the quarter. For the full year 2019, AMERISAFE reported a net income of $92.7 million, with a combined ratio of 76.6% and a return on average equity of 22.1%.

  • Net income for Q4 2019 increased by 80.9% to $34.0 million.
  • Diluted earnings per share for Q4 2019 increased by 79.6% to $1.76.
  • The company's net combined ratio for Q4 2019 was 59.6%.
  • Voluntary premiums on policies written in the quarter were 8.2% lower than the fourth quarter of 2018.

Headline financials

Total Revenue

$91.9M

Previous: $94.7M-2.9%
EPS (adj)

$1.70

Previous: $1.07+58.9%
Net Combined Ratio

59.6%

No prior period
Return on Average Equity

30.3%

No prior period
Capital Expenditures

$160K

Previous: $43K+272.1%
Free Cash Flow

$16.2M

Previous: $27.5M-41.1%
Net Income

$34M

Previous: $18.8M+80.9%
Operating Income

$42.9M

No prior period
Gross Profit

$91.9M

Previous: $323M-71.5%
Cash & Equivalents

$43.8M

Previous: $40.3M+8.6%
Total Assets

$1.49B

Previous: $1.52B-1.5%
Stock-Based Comp

$1.47M

Previous: $991K+48.2%

Revenue & EPS history

Amerisafe · Revenue · Quarterly

$91.9M

Q4 2019-2.9%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company anticipates that its current accident year loss ratio will be unchanged for 2020, unless there are unforeseen changes in macro conditions.

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 Q4 2019

Historical avgQ4 2019

+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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