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Jun 30, 2023
Amerisafe Q2 2023 Earnings Report
Announced second quarter 2023 results, reporting a net income of $15.6 million and a return on equity of 18.6%.
Key Takeaways
AMERISAFE reported a strong second quarter with a net income of $15.6 million, a return on equity of 18.6%, and a net combined ratio of 85.4%. Continued competition and rate decreases impacted top-line growth.
Net income was $15.6 million.
Return on equity was 18.6%.
Net combined ratio was 85.4%.
Diluted earnings per share was $0.81.
Forward Guidance
AMERISAFE has scheduled a conference call for July 28, 2023 at 10:30 AM Eastern Time to discuss the results for the quarter and comment on future periods.
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