AMSF on Nasdaq
AMERISAFE INC
$24.91 up 0.27 (1.08%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs81¢$258.4M
- Income tax4¢$11.7M
- Profit15¢$47.1M
Out of $317.3M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending3¢$2.1M
- Dividends paid97¢$62.7M
Out of $11.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net premiums earned | $283.1M | $270.6M | $267.1M |
| Net investment income | $27.0M | $29.2M | $31.3M |
| Net realized gains (losses) on investments | $3.0M | -$576.0K | $6.6M |
| Net unrealized gains on equity securities | $3.7M | $9.5M | $1.2M |
| Fee and other income | $449.0K | $260.0K | $582.0K |
| Total revenues | $317.3M | $309.0M | $306.9M |
| Loss and loss adjustment expenses incurred | $169.9M | $157.3M | $148.3M |
| Underwriting and certain other operating costs | $27.6M | $24.9M | $27.5M |
| Commissions | $25.1M | $23.8M | $23.4M |
| Salaries and benefits | $33.3M | $31.5M | $27.4M |
| Policyholder dividends | $2.5M | $2.7M | $3.0M |
| Provision for investment related credit loss benefit | -$43.0K | -$66.0K | -$57.0K |
| Total expenses | $258.4M | $240.0M | $229.5M |
| Income before income taxes | $58.9M | $69.1M | $77.4M |
| Income tax expense | $11.7M | $13.6M | $15.3M |
| Net income | $47.1M | $55.4M | $62.1M |
| Basic | $2.48 | $2.91 | $3.24 |
| Diluted | $2.47 | $2.89 | $3.23 |
| Basic | 19.0M shares | 19.1M shares | 19.1M shares |
| Diluted | 19.1M shares | 19.2M shares | 19.2M shares |
| Special cash dividends declared per common share | $1.00 | $3.00 | $3.50 |
| Cash dividends declared per common share | $1.56 | $1.48 | $1.36 |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Fixed maturity securities-held-to-maturity, at amortized cost net of allowance for credit losses of $73 and $116 in 2025 and 2024, respectively, (fair value $344,576 and $399,721 in 2025 and 2024, respectively) | $350.1M | $413.1M | |
| Fixed maturity securities-available-for-sale, at fair value | $313.0M | $307.8M | |
| Equity securities, at fair value (cost $31,165 and $36,020 in 2025 and 2024, respectively) | $57.5M | $58.6M | |
| Short-term investments | $14.2M | $9.3M | |
| Total investments | $734.9M | $788.8M | |
| Cash and cash equivalents | $61.9M | $44.0M | |
| Amounts recoverable from reinsurers (net of allowance for credit losses of $264 and $300 in 2025 and 2024, respectively) | $108.1M | $117.0M | |
| Premiums receivable (net of allowance for credit losses of $4,172 and $4,238 in 2025 and 2024, respectively) | $160.9M | $142.7M | |
| Deferred income taxes | $17.6M | $19.4M | |
| Accrued interest receivable | $7.0M | $7.3M | |
| Property and equipment, net | $7.3M | $5.9M | |
| Deferred policy acquisition costs | $21.1M | $19.2M | $18.0M |
| Federal income tax recoverable | $3.1M | $2.2M | |
| Other assets | $8.7M | $11.3M | |
| Total assets | $1.1B | $1.2B | |
| Reserves for loss and loss adjustment expenses | $613.6M | $651.3M | $674.0M |
| Unearned premiums | $135.5M | $121.9M | |
| Amounts held for others | $39.1M | $38.7M | |
| Policyholder deposits | $33.5M | $33.9M | |
| Insurance-related assessments | $16.0M | $14.9M | |
| Accounts payable and other liabilities | $39.2M | $38.4M | |
| Payable for investments purchased | $2.0M | $1.4M | |
| Total liabilities | $878.9M | $900.5M | |
| Common stock: voting- $0.01 par value authorized shares-50,000,000 in 2025 and 2024; 20,769,021 and 20,733,166 shares issued; and 18,794,881 and 19,050,315 shares outstanding in 2025 and 2024, respectively | $208.0K | $207.0K | |
| Additional paid-in capital | $225.9M | $224.0M | |
| Treasury stock, at cost (1,974,140 and 1,682,851 shares in 2025 and 2024, respectively) | -$54.2M | -$42.1M | |
| Accumulated earnings | $82.8M | $84.1M | |
| Accumulated other comprehensive loss, net | -$3.2M | -$8.9M | |
| Total shareholders equity | $251.6M | $257.3M | $292.5M |
| Total liabilities and shareholders equity | $1.1B | $1.2B | |
| Fixed maturity securities, held-to-maturity, allowance for credit losses | $73.0K | $116.0K | |
| Fixed maturity securities, fair value | $344.6M | $399.7M | |
| Fixed maturity securities, available-for-sale, allowance for credit losses | $0 | $0 | |
| Fixed maturity securities, amortized cost | $317.1M | $319.0M | |
| Equity securities, cost | $31.2M | $36.0M | |
| Amounts recoverable from reinsurers, allowance for credit losses | $264.0K | $300.0K | |
| Premiums receivable, allowance for credit losses | $4.2M | $4.2M | $4.7M |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 50.0M shares | 50.0M shares | |
| Common stock, shares issued | 20.8M shares | 20.7M shares | |
| Common stock, shares outstanding | 18.8M shares | 19.1M shares | |
| Treasury stock, shares | 2.0M shares | 1.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $47.1M | $55.4M | $62.1M |
| Depreciation | $742.0K | $1.1M | $1.4M |
| Net amortization of investments | $563.0K | $1.4M | $3.0M |
| Change in investment related allowance for credit losses | -$43.0K | -$66.0K | -$57.0K |
| Deferred income taxes | $372.0K | $1.4M | $628.0K |
| Net realized (gains) losses on investments | -$3.0M | $576.0K | -$6.6M |
| Net unrealized gains on equity securities | -$3.7M | -$9.5M | -$1.2M |
| Net realized losses on disposal of assets | $0 | $209.0K | $2.0K |
| Share-based compensation | $2.9M | $2.9M | $1.6M |
| Premiums receivable, net | -$18.2M | -$12.1M | -$8.5M |
| Accrued interest receivable | $364.0K | $947.0K | $154.0K |
| Deferred policy acquisition costs | -$1.9M | -$1.2M | -$574.0K |
| Amounts held by others | -$2.0K | ||
| Other assets | -$135.0K | $6.7M | -$1.0M |
| Reserves for loss and loss adjustment expenses | -$37.7M | -$22.7M | -$22.0M |
| Unearned premiums | $13.6M | $5.3M | $1.6M |
| Reinsurance balances | $9.1M | $11.9M | -$3.7M |
| Amounts held for others and policyholder deposits | $147.0K | -$15.7M | $3.1M |
| Federal income taxes recoverable | -$908.0K | -$399.0K | -$328.0K |
| Accounts payable and other liabilities | $1.9M | -$2.2M | $306.0K |
| Net cash provided by operating activities | $11.1M | $24.2M | $29.8M |
| Purchases of investments held-to-maturity | -$5.5M | -$42.2M | |
| Purchases of investments available-for-sale | -$43.1M | -$48.9M | -$45.1M |
| Purchases of equity securities | -$254.0K | ||
| Purchases of short-term investments | -$23.6M | -$56.3M | -$46.3M |
| Proceeds from maturities of investments held-to-maturity | $65.0M | $71.1M | $47.2M |
| Proceeds from sales and maturities of investments available-for-sale | $45.4M | $57.2M | $57.2M |
| Proceeds from sales of equity securities | $8.2M | $7.9M | $12.7M |
| Proceeds from sales and maturities of short-term investments | $18.9M | $47.7M | $61.1M |
| Purchases of property and equipment | -$2.1M | -$840.0K | -$553.0K |
| Net cash provided by investing activities | $68.4M | $72.4M | $43.9M |
| Finance lease purchases | -$85.0K | -$85.0K | -$91.0K |
| Share-based compensation related tax withholding | -$817.0K | -$554.0K | -$944.0K |
| Purchase of treasury stock | -$12.1M | -$5.1M | -$2.2M |
| Dividends to shareholders | -$48.6M | -$85.4M | -$93.3M |
| Net cash used in financing activities | -$61.6M | -$91.2M | -$96.5M |
| Change in cash and cash equivalents | $17.9M | $5.4M | -$22.8M |
| Income taxes paid, net of refunds received | $12.4M | $12.8M | $14.9M |
Recent filings
- Sep 30, 2026SCHEDULE 13G
- Sep 4, 2026SCHEDULE 13G/A
- Aug 13, 2026SCHEDULE 13G
- Aug 4, 20264
- Jul 23, 202610-Q
- Jul 21, 20268-K
- Jun 12, 20268-K
- Jun 12, 20264
- Jun 12, 20264
- Jun 12, 20264
- Jun 12, 20264
- Jun 12, 20264
- Jun 12, 20264
- Jun 12, 20264
- May 11, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARAMERISAFE INC filings on SEC EDGAR
- 2Yahoo FinanceAMSF quote
- 3SEC EDGARAMERISAFE INC filings on SEC EDGAR
- 4SEC EDGARAMERISAFE INC 10-K for fiscal 2025
- 5SEC EDGARAMERISAFE INC 10-K for fiscal 2019
- 6SEC EDGARAMERISAFE INC 10-K for fiscal 2020
- 7SEC EDGARAMERISAFE INC 10-K for fiscal 2021
- 8SEC EDGARAMERISAFE INC 10-K for fiscal 2022
- 9SEC EDGARAMERISAFE INC 10-Q for fiscal 2026
- 10SEC EDGARAMERISAFE INC 10-Q for fiscal 2026
- 11SEC EDGARAMERISAFE INC 10-K for fiscal 2019