NASDAQ$AMSF

Amerisafe Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

AMERISAFE reported strong Q4 2022 results, driven by underwriting margins and risk management.

AMERISAFE reported a net income of $20.8 million for Q4 2022, a significant increase compared to $3.5 million in the same quarter of the previous year. The company's combined ratio was 82.0%, reflecting a focus on underwriting margins. The return on average equity was 24.1%.

  • Net income increased to $20.8 million, a 486.8% increase year-over-year.
  • Diluted earnings per share rose to $1.08, up from $0.18 in Q4 2021.
  • The net combined ratio improved to 82.0% from 112.9% in the prior year quarter.
  • Net premiums earned were $66.1 million, a slight decrease of 2.5% compared to Q4 2021.

Headline financials

Total Revenue

$79.8M

Previous: $78.4M+1.8%
EPS (adj)

$0.84

Previous: $0.18+360.8%
Net Combined Ratio

82.0%

Previous: 112.9%-27.4%
Return on Average Equity

24.1%

Previous: 3.2%+653.1%
Capital Expenditures

$217K

Previous: $564K-61.5%
Free Cash Flow

-$8.09M

Previous: $7.99M-201.2%
Net Income

$20.8M

Previous: $3.54M+486.8%
Operating Income

$25.7M

Previous: $1.93M+1227.6%
Gross Profit

$29.2M

Previous: $78.4M-62.7%
Cash & Equivalents

$61.5M

Previous: $70.7M-13.1%
Total Assets

$1.27B

Previous: $1.4B-9.5%
Stock-Based Comp

$967K

Previous: $585K+65.3%

Revenue & EPS history

Amerisafe · Revenue · Quarterly

$79.8M

Q4 2022+1.8%vs Q4 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

AMERISAFE did not provide specific forward guidance in the Q4 2022 earnings report. The report highlighted the company's focus on underwriting margins and sustainability.

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 2022

Historical avgQ4 2022

+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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