AMSF Earnings Prediction
The chart below shows how AMSF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMSF sees a -3.76% change in stock price 10 days leading up to the earnings, and a +1.03% change 10 days following the report. On the earnings day itself, the stock moves by -0.66%. This data can give you a slight idea of what to expect for the next quarter's release.
AMSF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
74.82M
-6.41%
-1.40%
Gross Margin
--
--
--
Operating Margin
18.60%
-24.27%
2.25%
Net Margin
19.14%
53.61%
32.09%
EPS
0.75
44.23%
31.58%
No Data Available
AMSF Earnings Analysis
AMERISAFE, Inc. Corporation (AMSF.O) Earnings Conference Call
Positive
Premiums Written Increase: 1. Premium Growth: AMERISAFE reported an 8.8% increase in premiums written in Q3 2024 compared to the same quarter last year, reflecting strong sales efforts and agent engagement.
High Renewal Retention Rate: 2. Strong Renewal Retention: The company achieved a renewal retention rate of 93.6%, contributing significantly to the growth in in-force policy count and gross written premiums.
Favorable Claims Development: 3. Favorable Prior Year Development: AMERISAFE experienced $80.5 million in favorable development on prior accident years, indicating effective claims management and reserve practices.
Expense Ratio Improvement: 4. Improved Expense Ratio: The expense ratio improved to 31.7% in Q3 2024, down from 33.6% in the prior year, showcasing effective cost management strategies.
Special Dividend Announcement: 5. Special Dividend Declaration: The Board declared a special dividend of $3 per share, in addition to the regular quarterly dividend of $0.37, reflecting the company's commitment to returning value to shareholders.
Negative
Operating Net Income Decline: 1. Decline in Operating Net Income: Operating net income decreased to $11.1 million or $0.58 per diluted share in Q3 2024, down from $11.7 million or $0.61 per diluted share in Q3 2023.
Audit Premium Decline: 2. Decrease in Audit Premium Contribution: Audit premiums contributed $4 million to gross written premiums in Q3 2024, a decline from $5.6 million in Q3 2023, indicating a reduction in this revenue stream.
Net Investment Income Decline: 3. Decrease in Net Investment Income: Net investment income fell by 7.6% to $7.5 million in Q3 2024, attributed to a reduced portfolio size despite increased reinvestment rates.
Consistent Loss Ratio: 4. Stable Accident Year Loss Ratio: The accident year loss ratio remained unchanged at 71%, indicating no improvement in loss management despite favorable prior year development.
Large Claims Risk Exposure: 5. High Number of Large Claims: The company reported 13 claims exceeding $1 million, maintaining a level consistent with previous years, which could indicate ongoing risk exposure.
AMSF FAQs
How does AMSF typically perform around its earnings report dates?
Is AMERISAFE, Inc. (AMSF) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
AMSF Earning Call Sentiment
AMERISAFE, Inc. (AMSF) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AMSF.O
0.14%Positive
The earnings call summary indicates strong financial performance with a 43% increase in net income, improved expense ratios, and a strong capital position. The Q&A section highlights positive momentum in agency engagement and strategic positioning in the marketplace. The announcement of a special dividend and share repurchases further supports a positive outlook. Despite some concerns about regulatory and economic factors, the overall sentiment is optimistic, suggesting a likely positive stock price movement over the next two weeks.