Earnings Releases·Oct 28, 2026, 4:15 PM ET

AMERISAFE — Q3 2026 Earnings Summary

Net income and diluted EPS declined 47.9% and 45.8% respectively for the quarter to $7.2 million and $0.39, driven by a net combined ratio deterioration to 96.5% from 90.6% due to higher loss and expense ratios.
Net premiums earned rose 3.0% to $73.3 million, while gross premiums written fell 4.5% to $76.7 million, reflecting a competitive market environment and softer audit premiums despite strong renewal pricing.
Management highlighted favorable prior-year loss reserve development of $6.9 million and improved new business activity late in the quarter, though book value per share decreased 11.5% year-over-year to $12.80.
The Board declared a quarterly cash dividend of $0.41 per share (a 5.1% increase), while the company repurchased $0.2 million of common stock, leaving $7.1 million in remaining authorization.