NASDAQ$AMSF

Amerisafe Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Amerisafe reported a decrease in net income and diluted earnings per share for Q4 2024, alongside a slight increase in net premiums earned.

AMERISAFE, Inc. reported a net income of $13.194 million for the fourth quarter of 2024, a decrease of 31.2% compared to the same period in 2023. Diluted earnings per share also decreased by 31.0% to $0.69. Net premiums earned saw a modest increase of 1.2% to $66.510 million.

  • Net income for Q4 2024 was $13.194 million, a 31.2% decrease from Q4 2023.
  • Diluted earnings per share for Q4 2024 was $0.69, down 31.0% from Q4 2023.
  • Net premiums earned increased by 1.2% to $66.510 million in Q4 2024.
  • The net combined ratio for Q4 2024 was 86.1%, a slight increase from 85.5% in Q4 2023.

Headline financials

Total Revenue

$74M

Previous: $80.1M-7.6%
EPS (adj)

$0.67

Previous: $0.74-9.5%
Net Combined Ratio

86.1%

Previous: 85.5%+0.7%
Return on Average Equity

18.5%

Previous: 24.4%-24.2%
Book Value Per Share

$13.51

Previous: $15.28-11.6%
Current Accident Year Loss Ratio

71.0%

Previous: 71.0%+0.0%
Prior Accident Year Loss Ratio

-14.6%

Previous: -15.5%+5.8%
Net Loss Ratio

56.4%

Previous: 55.5%+1.6%
Net Underwriting Expense Ratio

29.7%

Previous: 28.9%+2.8%
Pre-tax Investment Yield

3.2%

Previous: 3.5%-8.6%
Tax-equivalent Yield

3.8%

Previous: 3.7%+2.7%
Net Income

$13.2M

Previous: $19.2M-31.2%
Operating Income

$12.8M

Previous: $14.3M-10.3%

Revenue & EPS history

Amerisafe · Revenue · Quarterly

$74M

Q4 2024-7.6%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The company did not provide specific forward-looking financial guidance in this report. However, it highlighted its strategic focus and operational strengths.

Tailwinds

  • Successfully navigated a highly competitive workers' compensation market.
  • Achieved growth and profitability despite industry challenges.
  • Risk selection, appropriate product pricing, and claims handling resulted in favorable combined ratios.
  • Expertise, resilience, and focus on service excellence are driving forces for growth and adaptation.
  • Delivering consistently solid results in a dynamic environment.

Headwinds

  • No specific negative forward guidance was provided in the report.
  • The report does not contain explicit negative outlooks or challenges for future periods.
  • No mention of potential market downturns or increased competition.
  • No warnings about regulatory changes or economic headwinds.
  • No specific risks or uncertainties were highlighted for the upcoming 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 Q4 2024

Historical avgQ4 2024

+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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