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Dec 31, 2019
Amerisafe Q4 2019 Earnings Report
AMERISAFE reported strong Q4 and year-end results driven by its specialized approach to workers’ compensation.
Key Takeaways
AMERISAFE reported a net income of $34.0 million for the fourth quarter of 2019, an increase of 80.9% compared to the same period in 2018. The company's combined ratio was 59.6% for the quarter. For the full year 2019, AMERISAFE reported a net income of $92.7 million, with a combined ratio of 76.6% and a return on average equity of 22.1%.
Net income for Q4 2019 increased by 80.9% to $34.0 million.
Diluted earnings per share for Q4 2019 increased by 79.6% to $1.76.
The company's net combined ratio for Q4 2019 was 59.6%.
Voluntary premiums on policies written in the quarter were 8.2% lower than the fourth quarter of 2018.
Forward Guidance
The Company anticipates that its current accident year loss ratio will be unchanged for 2020, unless there are unforeseen changes in macro conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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