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Sep 30, 2021
Amerisafe Q3 2021 Earnings Report
Amerisafe reported strong renewal retention and new business opportunities amidst a declining rate environment, with claim severity trends showing improvement.
Key Takeaways
AMERISAFE, Inc. announced its Q3 2021 results, featuring a combined ratio of 71.5% and the declaration of an extraordinary dividend of $4.00 per share. The company reported a net income of $19.136 million, and diluted earnings per share of $0.99.
Net premiums earned were $67.626 million, a 9.6% decrease compared to Q3 2020.
Net investment income decreased by 14.4% to $6.049 million from $7.063 million in the same quarter last year.
The company's net combined ratio was 71.5%, compared to 72.8% in the third quarter of 2020.
A special cash dividend of $4.00 per share was announced, payable on November 17, 2021.
Forward Guidance
AMERISAFE has scheduled a conference call for Thursday October 28, 2021, at 10:30 a.m. Eastern Time to discuss the results for the quarter and comment on future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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