Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Amerisafe (AMSF)
NASDAQ:AMSF
Holding AMSF?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.62Last Year’s EPS
$0.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 9.58%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong premium growth, favorable loss developments, and a special dividend announcement. While there were some concerns such as decreased net investment income and moderation in audit premiums, the overall sentiment was upbeat.Company Guidance
During AMERISAFE's Q3 2024 earnings call, the company reported a series of positive financial metrics, highlighting their strategic focus on profitable growth and agent engagement. Notably, the Board declared a special dividend of $3 per share, in addition to the regular quarterly dividend of $0.37 per share. Premiums written in the quarter grew by 8.8% year-over-year, and the in-force policy count increased, leading to a gross written premium growth of 5.8%. The company maintained a strong renewal retention rate of 93.6% and reported a consistent accident year loss ratio of 71%. Additionally, AMERISAFE achieved net income of $14.3 million, or $0.75 per diluted share, with operating net income at $11.1 million, or $0.58 per diluted share. The investment portfolio saw a yield increase, with new investment yields rising approximately 119 basis points, and the book yield reaching 3.84%. Overall, AMERISAFE demonstrated solid financial performance and strategic positioning in a competitive market.Special Dividend Announcement
Board of Directors declared a special dividend of $3 for shareholders, in addition to a regular quarterly dividend of $0.37, reflecting long-term operational excellence.
Premium Growth
For policies written in the quarter, premium grew 8.8% over last year's third quarter, with a strong renewal retention rate of 93.6%.
Favorable Loss Development
The company saw $80.5 million in favorable development on prior accident years, stemming from favorable case development in accident years 2017 through 2022.
Decrease in Underwriting and Other Expenses
Total underwriting and other expenses decreased to $21.3 million from $22.4 million in the prior year, leading to an improved expense ratio of 31.7% versus 33.6%.
Strong Equity Market Returns
Net unrealized gains for the portfolio in equity securities were $3.9 million in the quarter due to strong equity market returns.
---
AMSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AMSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $47.88 | $52.95 | +10.59% |
| Jul 29, 2024 | $46.48 | $44.77 | -3.68% |
| Apr 24, 2024 | $47.23 | $42.50 | -10.01% |
| Feb 21, 2024 | $45.22 | $46.53 | +2.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Amerisafe (AMSF) report earnings?
Amerisafe (AMSF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Amerisafe (AMSF) earnings time?
Amerisafe (AMSF) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMSF EPS forecast?
AMSF EPS forecast for the fiscal quarter 2024 (Q4) is $0.62.
---