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Mar 31, 2024
Amerisafe Q1 2024 Earnings Report
Reported a return on equity of 22.8% and a net combined ratio of 87.3%.
Key Takeaways
AMERISAFE reported first quarter results with a net combined ratio of 87.3% and a return on equity of 22.8%. The company experienced disciplined underwriting practices, modest policy growth, and favorable case loss development from prior accident years.
Net income was $16.9 million, or $0.88 per diluted share.
The net combined ratio was 87.3%.
The return on average equity was 22.8%.
Voluntary premiums on policies written in the quarter were flat versus the first quarter of 2023 despite the continued declines in approved loss costs.
Forward Guidance
AMERISAFE has scheduled a conference call for April 25, 2024, at 10:30 a.m. Eastern Time to discuss the results for the quarter and comment on future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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