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Jun 30, 2021
Amerisafe Q2 2021 Earnings Report
Announced second quarter 2021 results, reporting a combined ratio of 74.4%.
Key Takeaways
AMERISAFE reported a decrease in gross premiums written by 8.2% due to lower voluntary premiums. However, the company's combined ratio declined, and favorable prior year case development and operating expense management countered premium pressures.
Net premiums earned decreased by 8.0% compared to the second quarter of 2020.
Net income was $23.8 million, a slight decrease of 0.8% compared to the same period last year.
The combined ratio improved to 74.4% compared to 78.5% in the second quarter of 2020.
Diluted earnings per share were $1.23, a slight decrease of 0.8% compared to $1.24 in the second quarter of 2020.
Forward Guidance
AMERISAFE has scheduled a conference call for July 29, 2021, at 10:30 a.m. Eastern Time to discuss the results for the quarter and comment on future periods.
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Avg. Return Before/After Earnings
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