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AMERISAFE reported a decrease in net income to $17.331 million, and a diluted EPS of $0.89 for the first quarter of 2022. The net combined ratio was 80.1%.
Net premiums earned decreased by 4.5% compared to Q1 2021.
Net income decreased by 10.3% compared to Q1 2021.
Operating earnings per share increased by 7.9% compared to Q1 2021.
The company repurchased 43,893 shares at an average cost of $46.90 per share during the quarter.
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