AMERISAFE Reports Q4 Revenue of $81.6M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2026
0mins
Should l Buy AMSF?
Reports Q4 revenue $81.6M vs $74.03M last year. G. Janelle Frost, President and Chief Executive Officer, noted, "The AMERISAFE team has successfully grown premium over the last seven quarters, despite the headwinds of rate declines and heavy competition. Countering the growth, higher-than-anticipated loss severity emerged in the fourth quarter; as such, we increased our current accident year loss ratio to 72.0% from 71.0% estimated through the first three quarters of 2025. We maintained a strong annual combined ratio of 91.3% and return on average equity of 18.5%. Through both hard and soft markets, we remain squarely focused on profitable underwriting through excellent safety services, diligent risk selection, appropriate product pricing, and personalized claims management."
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Analyst Views on AMSF
Wall Street analysts forecast AMSF stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 34.000
Low
55.00
Averages
55.00
High
55.00
Current: 34.000
Low
55.00
Averages
55.00
High
55.00
About AMSF
AMERISAFE, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, and manufacturing. The Company provides coverage to employers under state and federal workers' compensation laws. These laws prescribe wage replacement and medical care benefits that employers are obligated to provide to their employees who are injured in the course and scope of their employment. Its workers' compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death and medical and hospital expenses. The benefits payable and the duration of those benefits are set by state or federal law. The benefits vary by jurisdiction, the nature and severity of the injury and the wages of the employee. The employer, who is the policyholder, pays the premiums for coverage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AMERISAFE Appoints New EVP and CFO
- Executive Appointment: AMERISAFE announced the appointment of Guillermo A. Ramos as EVP and CFO, effective May 7, 2026, with Ramos currently leading finance strategy at Hiscox US, showcasing his extensive industry experience.
- Rich Background: Prior to joining AMERISAFE, Ramos held senior roles at Hiscox and Equifax, including VP of Global Consumer Solutions and an international FP&A leadership position, demonstrating his deep expertise in financial management.
- Sustained Growth Signal: AMERISAFE's latest earnings report indicates sustained premium growth while maintaining a 72% loss ratio target amid ongoing market competition, reflecting the company's stability and profitability in the industry.
- Market Competitive Landscape: Despite facing market competition, AMERISAFE has managed to maintain its financial health, and Ramos's appointment is expected to further drive the company's financial strategy and market performance.
See More
AMERISAFE Announces Q1 2026 Financial Results Release Schedule
- Earnings Release Schedule: AMERISAFE will release its Q1 2026 financial results on April 22, 2026, before market open, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company will host a conference call and live webcast on the same day at 4:30 PM Eastern Time, aimed at providing investors with direct insights into financial performance and future outlook.
- Webcast Replay Availability: A replay of the webcast will be available for 12 months in the 'Investors' section of the company's website, ensuring that investors who cannot attend live can still access critical information.
- Market Coverage: AMERISAFE focuses on small to mid-sized employers in high-hazard industries, actively marketing workers' compensation insurance in 27 states, demonstrating its specialization and market penetration in targeted sectors.
See More
AMERISAFE, Inc. Q4 2025 Earnings Call Highlights
- Strong Investment Returns: AMERISAFE achieved an 18.5% return on equity (ROE) and a combined ratio of 91.3% in Q4 2025, demonstrating the company's ability to maintain profitability despite a competitive environment marked by 12 consecutive years of declining rates in the workers' compensation market.
- Sustained Premium Growth: Gross premiums written grew by 11.7% in Q4 compared to 3.9% growth in Q4 2024, marking the seventh consecutive quarter of revenue growth, indicating strong demand and competitive positioning in the market.
- High Policy Retention Rate: The retention rate for renewal policies reached 93.7%, reflecting strong customer trust and satisfaction with AMERISAFE's services, which is crucial for maintaining stable revenue streams in the future.
- Rising Loss Ratio: The accident year loss ratio increased to 72% for the full year 2025, up from 71% in the first three quarters, with management indicating that this level will be maintained into 2026, highlighting ongoing pressures from rising claim frequency and severity.
See More
AMERISAFE Q4 Earnings Report Analysis
- Earnings Performance: AMERISAFE reported a Q4 non-GAAP EPS of $0.51, missing expectations by $0.08, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $81.5 million in Q4, reflecting a 10.1% year-over-year increase and surpassing market expectations by $1.19 million, suggesting a strong business growth momentum that may attract more investor interest.
- Market Reaction Analysis: Despite the revenue beat, the EPS miss could lead to short-term stock price volatility, prompting investors to monitor future financial performance to assess long-term investment value.
- Future Outlook: AMERISAFE's financial data indicates potential for revenue growth, but insufficient profitability may limit future shareholder returns, necessitating measures to improve earnings levels.
See More
AMERISAFE Announces 5.1% Increase in Quarterly Dividend
- Dividend Increase: AMERISAFE has declared a quarterly dividend of $0.41 per share, representing a 5.1% increase from the previous dividend of $0.39, indicating the company's stable profitability and commitment to shareholder returns.
- Yield Performance: The forward yield of 4.44% makes this dividend relatively attractive in the current market environment, potentially drawing more income-focused investors to the stock.
- Payment Schedule: The dividend is payable on March 20, with a record date of March 13 and an ex-dividend date also on March 13, ensuring shareholders receive their earnings in a timely manner.
- Investor Confidence: This dividend increase reflects AMERISAFE's confidence in its future financial performance, which may further enhance market demand for its shares and bolster investor trust.
See More
AMERISAFE Announces 2025 Q4 and Full Year Earnings Release Schedule
- Earnings Release Schedule: AMERISAFE will release its Q4 and full-year financial results for 2025 on February 25, 2026, after market close, highlighting its performance in the high-hazard insurance sector.
- Conference Call Details: The company will host a conference call on February 26, 2026, at 10:30 AM Eastern Time, providing a live webcast for investors to gain insights into its financial status and future outlook.
- Webcast Archive: An archive of the webcast will be available for 60 days in the 'Investors' section of the company's website after the call, ensuring that investors who cannot attend live can still access the information.
- Market Coverage: AMERISAFE specializes in providing workers' compensation insurance to small and mid-sized employers in 27 states across high-risk industries such as construction, trucking, logging, agriculture, and manufacturing, demonstrating its focused market positioning.
See More
AMERISAFE Appoints New EVP and CFO
- Executive Appointment: AMERISAFE announced the appointment of Guillermo A. Ramos as EVP and CFO, effective May 7, 2026, with Ramos currently leading finance strategy at Hiscox US, showcasing his extensive industry experience.
- Rich Background: Prior to joining AMERISAFE, Ramos held senior roles at Hiscox and Equifax, including VP of Global Consumer Solutions and an international FP&A leadership position, demonstrating his deep expertise in financial management.
- Sustained Growth Signal: AMERISAFE's latest earnings report indicates sustained premium growth while maintaining a 72% loss ratio target amid ongoing market competition, reflecting the company's stability and profitability in the industry.
- Market Competitive Landscape: Despite facing market competition, AMERISAFE has managed to maintain its financial health, and Ramos's appointment is expected to further drive the company's financial strategy and market performance.
See More
AMERISAFE Announces Q1 2026 Financial Results Release Schedule
- Earnings Release Schedule: AMERISAFE will release its Q1 2026 financial results on April 22, 2026, before market open, reflecting the company's commitment to transparency and investor communication.
- Conference Call Timing: The company will host a conference call and live webcast on the same day at 4:30 PM Eastern Time, aimed at providing investors with direct insights into financial performance and future outlook.
- Webcast Replay Availability: A replay of the webcast will be available for 12 months in the 'Investors' section of the company's website, ensuring that investors who cannot attend live can still access critical information.
- Market Coverage: AMERISAFE focuses on small to mid-sized employers in high-hazard industries, actively marketing workers' compensation insurance in 27 states, demonstrating its specialization and market penetration in targeted sectors.
See More
AMERISAFE, Inc. Q4 2025 Earnings Call Highlights
- Strong Investment Returns: AMERISAFE achieved an 18.5% return on equity (ROE) and a combined ratio of 91.3% in Q4 2025, demonstrating the company's ability to maintain profitability despite a competitive environment marked by 12 consecutive years of declining rates in the workers' compensation market.
- Sustained Premium Growth: Gross premiums written grew by 11.7% in Q4 compared to 3.9% growth in Q4 2024, marking the seventh consecutive quarter of revenue growth, indicating strong demand and competitive positioning in the market.
- High Policy Retention Rate: The retention rate for renewal policies reached 93.7%, reflecting strong customer trust and satisfaction with AMERISAFE's services, which is crucial for maintaining stable revenue streams in the future.
- Rising Loss Ratio: The accident year loss ratio increased to 72% for the full year 2025, up from 71% in the first three quarters, with management indicating that this level will be maintained into 2026, highlighting ongoing pressures from rising claim frequency and severity.
See More
AMERISAFE Q4 Earnings Report Analysis
- Earnings Performance: AMERISAFE reported a Q4 non-GAAP EPS of $0.51, missing expectations by $0.08, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $81.5 million in Q4, reflecting a 10.1% year-over-year increase and surpassing market expectations by $1.19 million, suggesting a strong business growth momentum that may attract more investor interest.
- Market Reaction Analysis: Despite the revenue beat, the EPS miss could lead to short-term stock price volatility, prompting investors to monitor future financial performance to assess long-term investment value.
- Future Outlook: AMERISAFE's financial data indicates potential for revenue growth, but insufficient profitability may limit future shareholder returns, necessitating measures to improve earnings levels.
See More
AMERISAFE Announces 5.1% Increase in Quarterly Dividend
- Dividend Increase: AMERISAFE has declared a quarterly dividend of $0.41 per share, representing a 5.1% increase from the previous dividend of $0.39, indicating the company's stable profitability and commitment to shareholder returns.
- Yield Performance: The forward yield of 4.44% makes this dividend relatively attractive in the current market environment, potentially drawing more income-focused investors to the stock.
- Payment Schedule: The dividend is payable on March 20, with a record date of March 13 and an ex-dividend date also on March 13, ensuring shareholders receive their earnings in a timely manner.
- Investor Confidence: This dividend increase reflects AMERISAFE's confidence in its future financial performance, which may further enhance market demand for its shares and bolster investor trust.
See More
AMERISAFE Announces 2025 Q4 and Full Year Earnings Release Schedule
- Earnings Release Schedule: AMERISAFE will release its Q4 and full-year financial results for 2025 on February 25, 2026, after market close, highlighting its performance in the high-hazard insurance sector.
- Conference Call Details: The company will host a conference call on February 26, 2026, at 10:30 AM Eastern Time, providing a live webcast for investors to gain insights into its financial status and future outlook.
- Webcast Archive: An archive of the webcast will be available for 60 days in the 'Investors' section of the company's website after the call, ensuring that investors who cannot attend live can still access the information.
- Market Coverage: AMERISAFE specializes in providing workers' compensation insurance to small and mid-sized employers in 27 states across high-risk industries such as construction, trucking, logging, agriculture, and manufacturing, demonstrating its focused market positioning.
See More
