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AMERISAFE, Inc., an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime. The company was incorporated in 1985 and is based in Deridder, Louisiana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $317M | - | $47M | $9M | 18.7% | 2.6% | -15.0% |
| 2024 | $309M | - | $55M | $23M | 21.5% | 0.7% | -10.7% |
| 2023 | $307M | - | $62M | $29M | 21.2% | 4.1% | 11.7% |
| 2022 | $295M | - | $56M | $26M | 17.5% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 294.69 | 306.91 | 309.11 | 317.30 |
| Operating Revenue | - | 294.69 | 306.91 | 309.11 | 317.30 |
| Selling General And Administration | - | 26.51 | 27.36 | 31.50 | 33.26 |
| Total Expenses | - | 227.05 | 229.53 | 240.05 | 258.44 |
| Pretax Income | - | 67.65 | 77.38 | 69.06 | 58.85 |
| Tax Provision | - | 12.04 | 15.27 | 13.62 | 11.71 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Net Income From Continuing And Discontinued Operation | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Net Income From Continuing Operation Net Minority Interest | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Net Income | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Net Income Common Stockholders | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Net Income Including Noncontrolling Interests | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Normalized Income | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Diluted NI Availto Com Stockholders | - | 55.60 | 62.11 | 55.44 | 47.14 |
| Basic Average Shares | - | 19.23 | 19.15 | 19.07 | 18.98 |
| Diluted Average Shares | - | 19.32 | 19.23 | 19.16 | 19.08 |
| Reconciled Depreciation | - | 1.31 | 1.43 | 1.09 | 0.74 |
| General And Administrative Expense | - | 26.51 | 27.36 | 31.50 | 33.26 |
| Salaries And Wages | - | 26.51 | 27.36 | 31.50 | 33.26 |
| Loss Adjustment Expense | - | 152.32 | 148.26 | 157.27 | 169.94 |
| Net Policyholder Benefits And Claims | - | 152.32 | 148.26 | 157.27 | 169.94 |
| Policyholder Benefits Gross | - | 152.32 | 148.26 | 157.27 | 169.94 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AMERISAFE, Inc.this co. | AMSF | $576M | 12.22↑ premium | 2.29 | 18.7% | - |
| Northpointe Bancshares, Inc. | NPB | $598M | 7.17 | 1.05 | 14.7% | - |
| Northfield Bancorp, Inc. | NFBK | $596M | 748.18 | 0.86 | 0.1% | - |
| Peoples Financial Services Corp. | PFIS | $596M | 10.06 | 1.15 | 11.4% | - |
| Red River Bancshares, Inc. | RRBI | $594M |
| - |
| - |
| - |
| - |
| 13.90 |
| 1.63 |
| 11.7% |
| - |
| Bar Harbor Bankshares | BHB | $594M | 16.08 | 1.11 | 6.9% | - |
| Midland States Bancorp, Inc. | MSBI | $591M | -4.76 | 1.30 | -27.3% | - |
| PRA Group, Inc. | PRAA | $574M | -1.88 | 0.59 | -31.1% | - |
| Innventure, Inc. | INV | $562M | -1.92 | 0.98 | -50.9% | -1.17 |
| Peer Median | - | 8.62 | 1.08 | 3.5% | -1.17 | |