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Amerisafe Inc (AMSF) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Amerisafe Inc

CIK: 1018979 Ticker: AMSF

Exhibit 99.1

 

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Neal A. Fuller, EVP & CFO

AMERISAFE

337.463.9052

AMERISAFE ANNOUNCES 2019 SECOND QUARTER RESULTS

Reports Combined Ratio of 83.9%

DeRidder, LA – July 31, 2019 - AMERISAFE, Inc. (

Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced results for the second quarter ended June 30, 2019.

 

     Three Months Ended
June 30,
          Six Months Ended
June 30,
       
     2019     2018     % Change     2019     2018     % Change  
     (in thousands, except
per share data)
          (in thousands, except
per share data)
       

Net premiums earned

   $ 82,951     $ 88,995       -6.8   $ 167,899     $ 176,305       -4.8

Net investment income

     8,169       7,303       11.9     16,184       14,512       11.5

Net realized losses on investments, pretax

     (82     (1,111     NM       (23     (1,142     NM  

Net income

     17,890       16,956       5.5     37,290       33,125       12.6

Diluted earnings per share

   $ 0.93     $ 0.88       5.7   $ 1.93     $ 1.72       12.2

Operating net income

     17,448       17,774       -1.8     35,096       34,275       2.4

Operating earnings per share

   $ 0.90     $ 0.92       -2.2   $ 1.82     $ 1.78       2.2

Book value per share

   $ 23.29     $ 23.11       0.8   $ 23.29     $ 23.11       0.8

Net combined ratio

     83.9     83.6       84.0     84.7  

Return on average equity

     16.3     15.5       17.4     15.2  

G. Janelle Frost, President and Chief Executive Officer, noted, “The workers’ compensation industry remained profitable through 2018, and competition remained strong through the second quarter. AMERISAFE’s response was to execute on our commitment to deliver an exceptional product to our policyholders through our quality insurance services and risk assessment. Remaining committed to our core disciplines has allowed us to provide stable returns for our shareholders, a consistent market for our agent partners, and aided business owners with mitigating risks.”


The following information was filed by Amerisafe Inc (AMSF) on Wednesday, July 31, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Amerisafe Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Changes In Shareholders' Equity (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Income (Unaudited)
Basis Of Presentation
Basis Of Presentation (Policies)
Basis Of Presentation - Additional Information (Detail)
Comprehensive Income And Accumulated Other Comprehensive Income
Comprehensive Income And Accumulated Other Comprehensive Income (Tables)
Comprehensive Income And Accumulated Other Comprehensive Income - Additional Information (Detail)
Comprehensive Income And Accumulated Other Comprehensive Income - Reclassification Out Of Accumulated Other Comprehensive Income (Detail)
Comprehensive Income And Accumulated Other Comprehensive Income - Schedule Of Changes In Accumulated Other Comprehensive Income (Aoci) (Detail)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Calculation Of Basic And Diluted Earnings Per Share (Detail)
Fair Value Measurements
Fair Value Measurements (Policies)
Fair Value Measurements (Tables)
Fair Value Measurements - Schedule Of Assets Measured At Amortized Cost (Detail)
Fair Value Measurements - Schedule Of Assets Measured At Fair Value On Recurring Basis (Detail)
Fair Value Measurements - Summary Of Carrying Values And Corresponding Fair Values For Financial Instruments (Detail)
Income Taxes
Income Taxes - Additional Information (Detail)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments - Gross Unrealized Gains And Losses And Amortized Cost And Fair Value Of Investments Classified As Held-To-Maturity (Detail)
Investments - Gross Unrealized Gains And Losses And Cost Of Equity (Detail)
Investments - Gross Unrealized Gains And Losses And Cost Or Amortized Cost And Fair Value Of Investments Classified As Available-For-Sale (Detail)
Investments - Investment Securities Continuous Unrealized Loss Position (Detail)
Investments - Summary Of Amortized Cost And Fair Value Of Investments In Fixed Maturity Securities, Classified As Available-For-Sale (Detail)
Investments - Summary Of Amortized Cost And Fair Value Of Investments In Fixed Maturity Securities, Classified As Held-To-Maturity (Detail)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Schedule Of Supplemental Balance Sheet Information Related To Leases (Detail)
Loss Reserves
Loss Reserves (Tables)
Loss Reserves - Additional Information (Detail)
Loss Reserves - Liability For Unpaid Loss And Loss Adjustment Expenses, Net Of Related Amounts Recoverable From Reinsurers (Detail)
Stock Options And Restricted Stock
Stock Options And Restricted Stock - Additional Information (Detail)
Subsequent Events
Subsequent Events - Additional Information (Detail)
Treasury Stock
Treasury Stock - Additional Information (Detail)

Material Contracts, Statements, Certifications & more

Amerisafe Inc provided additional information to their SEC Filing as exhibits

Ticker: AMSF
CIK: 1018979
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-19-028358
Submitted to the SEC: Fri Aug 02 2019 12:01:50 PM EST
Accepted by the SEC: Fri Aug 02 2019
Period: Sunday, June 30, 2019
Industry: Fire Marine And Casualty Insurance

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