AMERISAFE Announces 2026 Third Quarter Results
AMERISAFE's Q3 net income fell 47.9% year-over-year to $7.2 million, with diluted EPS of $0.39 versus $0.72 a year ago and operating EPS down 27.3% to $0.40. Net premiums earned still grew 3.0% to $73.3 million, aided by favorable $6.9 million reserve development, but the net combined ratio deteriorated to 96.5% from 90.6% on softer audit premiums, higher expenses, and an increasingly competitive workers' compensation market. The company maintained its quarterly dividend of $0.41 per share (declared October 27, payable December 11) and repurchased a modest $0.2 million of stock, leaving $7.1 million of authorization; book value per share declined 4.4% year-to-date to $12.80.
Key figures
- Eps
- 0.39
- Revenue
- 73321000
- Revenue Yoy
- 3.0%
- Net income
- $7.2 million
- Operating eps
- $0.40
- Net income yoy
- -47.9%
- Buyback in quarter
- $0.2 million
- Net combined ratio
- 96.5%
- Quarterly dividend
- $0.41 per share
- Underwriting profit
- $2.5 million
- Book value per share
- $12.80
- Investment portfolio
- $753.3 million
- Return on avg equity
- 11.8%
- Gross premiums written
- $76.7 million
- Prior year combined ratio
- 90.6%
- Gross premiums written yoy
- -4.5%
- Favorable reserve development
- $6.9 million
- Remaining buyback authorization
- $7.1 million
AI analysis
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