Last10K.com

Amerisafe Inc (AMSF) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

Amerisafe Inc

CIK: 1018979 Ticker: AMSF

Exhibit 99.1

 

LOGO   

LOGO

 

Neal A. Fuller, EVP & CFO

AMERISAFE

337.463.9052

AMERISAFE ANNOUNCES 2021 SECOND QUARTER RESULTS

Reports Combined Ratio of 74.4%

DeRidder, LA – July 28, 2021 - 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, 2021.

 

     Three Months Ended
June 30,
          Six Months Ended
June 30,
       
     2021     2020     % Change     2021     2020     % Change  
     (in thousands, except
per share data)
          (in thousands, except
per share data)
       

Net premiums earned

   $ 69,888     $ 75,964       -8.0   $ 140,634     $ 154,954       -9.2

Net investment income

     6,730       7,324       -8.1     13,313       15,073       -11.7

Net realized gains on investments (pretax)

     1,179       163       NM       1,498       1,155       29.7

Net unrealized gains (losses) on equity securities (pre-tax)

     3,286       5,570       NM       8,797       (3,193     NM  

Net income

     23,767       23,948       -0.8     43,079       34,748       24.0

Diluted earnings per share

   $ 1.23     $ 1.24       -0.8   $ 2.22     $ 1.80       23.3

Operating net income

     20,240       19,419       4.2     34,946       36,358       -3.9

Operating earnings per share

   $ 1.04     $ 1.00       4.0   $ 1.80     $ 1.88       -4.3

Book value per share

   $ 24.19     $ 23.94       1.0   $ 24.19     $ 23.94       1.0

Net combined ratio

     74.4     78.5       79.6     81.1  

Return on average equity

     20.8     21.3       19.0     15.6  

G. Janelle Frost, President and Chief Executive Officer, said, “Approved loss costs declined, and competition remained strong this quarter, even as industry-wide results reported an increasing combined ratio for 2020. AMERISAFE’s combined ratio, however, declined this quarter. Favorable prior year case development and operating expense management countered premium pressures as pricing declined and the economy continued to recover.”


The following information was filed by Amerisafe Inc (AMSF) on Wednesday, July 28, 2021 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.

View differences made from one quarter to another to evaluate Amerisafe Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Amerisafe Inc.

Continue

Assess how Amerisafe Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Amerisafe Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Revenue
Financial
Legal
Other
Filter by Subcategory:
All
Product
Cash Flow
Expense
Income
Earnings
Shares
Other
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 Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Changes In Shareholders' Equity (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 Net Of Allowance For Credit Losses (Detail)
Fair Value Measurements - Schedule Of Assets Measured At Fair Value On Recurring Basis (Detail)
Fair Value Measurements - Summary Of Carrying Amounts And Corresponding Fair Values For Financial Instruments (Detail)
Income Taxes
Income Taxes - Additional Information (Detail)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments - Changes In Allowance For Credit Losses By Major Security Type 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, Allowance For Credit Losses And Fair Value Of Investments Classified As Available-For-Sale (Detail)
Investments - Gross Unrecognized Gains And Losses And Cost Or Amortized Cost, Allowance For Credit Losses, Carrying Amount And Fair Value Of Investments Classified As Held-To-Maturity (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 Carrying Amounts And Fair Value Of Investments In Fixed Maturity Securities, Classified As Held-To-Maturity (Detail)
Loss Reserves
Loss Reserves (Tables)
Loss Reserves - Additional Information (Detail)
Loss Reserves - Change In Allowance For Credit Losses On Amounts Recoverable From Reinsurers (Detail)
Loss Reserves - Liability For Unpaid Loss And Loss Adjustment Expenses, Net Of Related Amounts Recoverable From Reinsurers (Detail)
Restricted Stock And Stock Options
Restricted Stock And Stock Options - 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: 0001564590-21-039481
Submitted to the SEC: Fri Jul 30 2021 4:02:04 PM EST
Accepted by the SEC: Fri Jul 30 2021
Period: Wednesday, June 30, 2021
Industry: Fire Marine And Casualty Insurance

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/amsf/0001564590-21-039481.htm