Loading...
•
Jun 30, 2024
Amerisafe Q2 2024 Earnings Report
Amerisafe's second quarter results for 2024 were announced, showing growth in gross premiums written and an attractive underwriting profit.
Key Takeaways
AMERISAFE reported its second-quarter results for 2024, with a focus on new business generation, strong retention, and increased audit premiums, leading to a 6.6% growth in gross premiums written. Favorable loss development from prior accident years enhanced the company's profitable growth, resulting in an attractive underwriting profit and robust returns.
Gross premiums written increased by 6.6% due to new business, strong retention, and increased audit premiums.
Favorable loss development from prior accident years contributed to profitable growth.
The company produced an attractive underwriting profit.
Voluntary premiums on policies written in the quarter were 2.7% higher than in the second quarter of 2023.
Forward Guidance
AMERISAFE has scheduled a conference call for July 30, 2024, at 10:30 a.m. Eastern Time to discuss the results for the quarter and comment on future periods.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...