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.
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.
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