Amerisafe Stock Earnings Reports

AMERISAFE posted a solid start to 2026 with disciplined underwriting and continued premium growth. Net premiums earned rose 9% year-over-year, gross premiums written were $88.5 million (up 5.6%), and net earned premiums were $75.1 million. The company delivered a combined ratio of 93.2% and operating earnings of $0.50 per diluted share (GAAP net income $0.43 per share). Retention on renewals remained strong at 92.4%, and new + renewal voluntary premium increased 8.2%, driven by distribution investments and consistent performance across industry classes and states. Current accident year loss ratio was 72%, with $7.6 million (10.1 points) of favorable prior-year development contributing to a net loss ratio of 61.9%. Expense ratio improved to 29.7% (third consecutive year-over-year improvement). Investment yield on new money rose, tax-equivalent yield reached 3.9%, portfolio duration was 4.4 years, and the company repurchased ~120,000 shares for $4.0 million (remaining authorization $12.9 million). Book value per share was $13.18 and invested assets plus cash totaled approximately $774 million. Management emphasized that success depends on disciplined pricing and risk selection amid a prolonged soft pricing environment and ongoing medical claim severity, but believes AMERISAFE’s focused strategy and operating model position it to deliver sustainable underwriting profitability and long-term shareholder value.