{"id":776445,"date":"2023-08-08T17:19:28","date_gmt":"2023-08-08T21:19:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/"},"modified":"2023-08-08T17:19:28","modified_gmt":"2023-08-08T21:19:28","slug":"am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/","title":{"rendered":"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries<\/b><\/p>\n<p>OLDWICK, N.J.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>AM Best <\/b>has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \u201ca+\u201d (Excellent) of American Interstate Insurance Company (Omaha, NE), Silver Oak Casualty, Inc. (Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group). Concurrently, AM Best has affirmed the Long-Term ICR of \u201cbbb+\u201d (Good) of AMERISAFE, Inc. (headquartered in DeRidder, LA) [NASDAQ: AMSF], the ultimate parent of the group members. The outlook of these Credit Ratings (ratings) is stable.<\/p>\n<p>\nThe ratings reflect AMERISAFE Insurance Group\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.<\/p>\n<p>\nAMERISAFE Insurance Group\u2019s balance sheet strength assessment is supported by its strongest level of risk-adjusted capitalization, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), historically prudent loss reserving and a strategically conservative and liquid investment portfolio. Policyholder surplus growth has been constrained by stockholder dividends in recent years; stockholder dividends are used as a strategic capital management tool within the group. The group writes workers\u2019 compensation coverages for small- and medium-sized companies in high hazard industries, with all group members operating under an intercompany pooling arrangement.<\/p>\n<p>\nAMERISAFE Insurance Group\u2019s management has developed and strictly adheres to prudent underwriting practices and pricing discipline. This expertise in the group\u2019s high hazard market niche continues to generate underwriting and overall operating results that consistently outperform AM Best\u2019s workers\u2019 compensation composite metrics over the long term. Furthermore, the group\u2019s consistent reserving practices have historically resulted in favorable loss reserve development. Potential terrorism exposure is managed by purchasing appropriate reinsurance coverage with very little reliance on the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2019 federal backstop.<\/p>\n<p><b>This press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fratings.ambest.com%2Fratingeventdisclosures.aspx&amp;esheet=53513786&amp;newsitemid=20230808716023&amp;lan=en-US&amp;anchor=Recent+Rating+Activity&amp;index=1&amp;md5=ac7c0cc579764a379bd0e37e7c751d61\">Recent Rating Activity<\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww3.ambest.com%2Fambv%2Fratingmethodology%2FOpenPDF.aspx%3Fri%3D1624&amp;esheet=53513786&amp;newsitemid=20230808716023&amp;lan=en-US&amp;anchor=Guide+to+Best%27s+Credit+Ratings&amp;index=2&amp;md5=3d597b2ae58d1f495876e2970ebcc936\">Guide to Best&#8217;s Credit Ratings<\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ambest.com%2Fratings%2Fguidetouse.pdf&amp;esheet=53513786&amp;newsitemid=20230808716023&amp;lan=en-US&amp;anchor=Guide+to+Proper+Use+of+Best%26%238217%3Bs+Ratings+%26amp%3B+Assessments&amp;index=3&amp;md5=bbfd1a716077f1c15aa60190972cfcfb\">Guide to Proper Use of Best\u2019s Ratings &amp; Assessments<\/a>.<\/b><\/p>\n<p><b>AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ambest.com%2F&amp;esheet=53513786&amp;newsitemid=20230808716023&amp;lan=en-US&amp;anchor=www.ambest.com&amp;index=4&amp;md5=6d4da6135d966ec5eb3590487a775e30\">www.ambest.com<\/a>.<\/b><\/p>\n<p class=\"bwalignc\"><b>Copyright \u00a9 2023 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230808716023r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230808716023\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230808716023\/en\/<\/a><\/span><\/p>\n<p><b>Ricardo Longchallon<br \/>\n<\/b><br \/><b>Senior Financial Analyst<br \/>\n<br \/>+1 908 882 2019<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:ricardo.longchallon@ambest.com\">ricardo.longchallon@ambest.com<\/a><\/p>\n<p><b>Christopher Sharkey<br \/>\n<\/b><br \/><b>Associate Director, Public Relations<br \/>\n<\/b><br \/><b>+1 908 882 2310<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:christopher.sharkey@ambest.com\">christopher.sharkey@ambest.com<\/a><\/p>\n<p><b>Sharon Marks<br \/>\n<\/b><br \/><b>Director<br \/>\n<\/b><br \/><b>+1 908 882 2092<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:sharon.marks@ambest.com\">sharon.marks@ambest.com<\/a><\/p>\n<p><b>Al Slavin<br \/>\n<\/b><br \/><b>Senior Public Relations Specialist<br \/>\n<\/b><br \/><b>+1 908 882 2318<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:al.slavin@ambest.com\">al.slavin@ambest.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe United States North America New Jersey<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230808716023\/en\/828829\/3\/AM_Best_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries OLDWICK, N.J.&#8211;(BUSINESS WIRE)&#8211;AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \u201ca+\u201d (Excellent) of American Interstate Insurance Company (Omaha, NE), Silver Oak Casualty, Inc. (Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group). Concurrently, AM Best has affirmed the Long-Term ICR of \u201cbbb+\u201d (Good) of AMERISAFE, Inc. (headquartered in DeRidder, LA) [NASDAQ: AMSF], the ultimate parent of the group members. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AMERISAFE Insurance Group\u2019s balance sheet strength, which AM Best assesses as very strong, as well as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-776445","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries OLDWICK, N.J.&#8211;(BUSINESS WIRE)&#8211;AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \u201ca+\u201d (Excellent) of American Interstate Insurance Company (Omaha, NE), Silver Oak Casualty, Inc. (Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group). Concurrently, AM Best has affirmed the Long-Term ICR of \u201cbbb+\u201d (Good) of AMERISAFE, Inc. (headquartered in DeRidder, LA) [NASDAQ: AMSF], the ultimate parent of the group members. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AMERISAFE Insurance Group\u2019s balance sheet strength, which AM Best assesses as very strong, as well as &hellip; Continue reading &quot;AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T21:19:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230808716023r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries\",\"datePublished\":\"2023-08-08T21:19:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\\\/\"},\"wordCount\":568,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230808716023r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\\\/\",\"name\":\"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries - 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(Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group). Concurrently, AM Best has affirmed the Long-Term ICR of \u201cbbb+\u201d (Good) of AMERISAFE, Inc. (headquartered in DeRidder, LA) [NASDAQ: AMSF], the ultimate parent of the group members. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect AMERISAFE Insurance Group\u2019s balance sheet strength, which AM Best assesses as very strong, as well as &hellip; Continue reading \"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/","og_site_name":"Market Newsdesk","article_published_time":"2023-08-08T21:19:28+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230808716023r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries","datePublished":"2023-08-08T21:19:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/"},"wordCount":568,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230808716023r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-affirms-credit-ratings-of-amerisafe-inc-and-its-operating-subsidiaries-2\/","name":"AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Its Operating Subsidiaries - 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