{"id":953624,"date":"2026-04-22T08:41:22","date_gmt":"2026-04-22T12:41:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amerisafe-announces-2026-first-quarter-results\/"},"modified":"2026-04-22T08:41:22","modified_gmt":"2026-04-22T12:41:22","slug":"amerisafe-announces-2026-first-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amerisafe-announces-2026-first-quarter-results\/","title":{"rendered":"AMERISAFE Announces 2026 First Quarter Results"},"content":{"rendered":"

<\/p>\n

AMERISAFE Announces 2026 First Quarter Results<\/b><\/p>\n

Reports 8.2% Growth in Voluntary Premiums on Policies Written<\/i><\/b><\/p>\n

DERIDDER, La.–(BUSINESS WIRE<\/a>)–
\nAMERISAFE, Inc. (Nasdaq: AMSF<\/b>), a specialty provider of workers\u2019 compensation insurance focused on high-hazard industries, today announced results for the first quarter ended March 31, 2026.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\nThree Months Ended<\/b><\/td>\n\n<\/tr>\n
\nMarch 31,<\/b><\/td>\n\n<\/tr>\n
\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

2026<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

% Change<\/b><\/p>\n<\/td>\n<\/tr>\n

\n(in thousands, except per share data)<\/b><\/td>\n\n<\/tr>\n
Gross premiums written<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n88,500<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$<\/p>\n<\/td>\n

\n

\n83,784<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n5.6<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Net premiums earned<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n75,072<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n68,885<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n9.0<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Net investment income<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n6,597<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n6,652<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n-0.8<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Net realized gains (losses) on investments (pre-tax)<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n(3<\/p>\n<\/td>\n

\n

\n)<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n2<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\nNM<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

Net unrealized losses on equity securities (pre-tax)<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n(1,653<\/p>\n<\/td>\n

\n

\n)<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n(3,152<\/p>\n<\/td>\n

\n

\n)<\/p>\n<\/td>\n

\n\n

\nNM<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

Net income<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n8,145<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n8,949<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n-9.0<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Diluted earnings per share<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.43<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.47<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n-8.5<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Operating net income<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n9,453<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n11,438<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n-17.4<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Operating earnings per share<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.50<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$<\/p>\n<\/td>\n

\n

\n0.60<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n-16.7<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Book value per share<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n13.18<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$<\/p>\n<\/td>\n

\n

\n13.69<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n-3.7<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Net combined ratio<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n93.2<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n89.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n
Return on average equity<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n13.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n13.8<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n<\/table>\n

\nG. Janelle Frost, President and Chief Executive Officer, commented, \u201cAMERISAFE delivered a strong start to 2026, marking our eighth consecutive quarter of growth in both gross premiums written and net premiums earned, with net premiums earned increasing 9.0% during the first quarter. We continued to demonstrate expense discipline, achieving a third consecutive quarter of year over year improvement in the expense ratio. Despite a competitive market environment, we believe our targeted focus on high hazard industries continues to create meaningful opportunities for profitable growth and attractive returns on equity. Our disciplined underwriting approach, strong balance sheet, and consistent capital management\u2014supported by the dedication of our employees\u2014remain central to our strategy. We are confident in our ability to execute our long-term objectives and to deliver reliable value for shareholders while providing exceptional service to small and mid-sized businesses and their workers.\u201d<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

INSURANCE RESULTS<\/b><\/p>\n<\/td>\n<\/tr>\n

\nThree Months Ended<\/b><\/td>\n\n<\/tr>\n
\nMarch 31,<\/b><\/td>\n\n<\/tr>\n
\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

2026<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

% Change<\/b><\/p>\n<\/td>\n<\/tr>\n

\n(in thousands)<\/b><\/td>\n\n<\/tr>\n
\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Gross premiums written<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n88,500<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$<\/p>\n<\/td>\n

\n

\n83,784<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n5.6<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Net premiums earned<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n75,072<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n68,885<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n9.0<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Loss and loss adjustment expenses incurred<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n46,440<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n40,159<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n15.6<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Underwriting and certain other operating
costs, commissions, salaries and benefits<\/td>\n		\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n22,269<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n20,599<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n8.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Policyholder dividends<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1,229<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n634<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n93.8<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

Underwriting profit (pre-tax)<\/td>\n\n

\n$<\/p>\n<\/td>\n

\n

\n5,134<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n$<\/p>\n<\/td>\n

\n

\n7,493<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n\n

\n-31.5<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n
Insurance Ratios:<\/b><\/td>\n\n\n\n\n<\/tr>\n
Current accident year loss ratio<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n72.0<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n71.0<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n
Prior accident year loss ratio<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n-10.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n-12.7<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n
Net loss ratio<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n61.9<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n58.3<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n
Net underwriting expense ratio<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n29.7<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n29.9<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n
Net dividend ratio<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n1.6<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n0.9<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n
Net combined ratio<\/td>\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n93.2<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n89.1<\/p>\n<\/td>\n

\n

\n%<\/p>\n<\/td>\n

\n<\/tr>\n<\/table>\n