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Jun 30, 2020
Amerisafe Q2 2020 Earnings Report
Announced second quarter 2020 results, reporting a combined ratio of 78.5%.
Key Takeaways
AMERISAFE reported net income of $23.9 million, or $1.24 per diluted share, and a combined ratio of 78.5% for the second quarter of 2020. The company's fundamentals led to favorable prior year case development and consistent returns.
Net income increased by 33.9% to $23.9 million compared to Q2 2019.
Diluted earnings per share increased by 33.3% to $1.24 compared to Q2 2019.
The combined ratio was 78.5%, reflecting disciplined underwriting and intensive claims management.
Book value per share increased to $23.94.
Forward Guidance
Premiums in future periods will depend on the ongoing economic impact of COVID-19. Investment income may decline, and the market value of investment securities may decrease, depending on the ongoing economic impact.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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