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Dec 31, 2020
Amerisafe Q4 2020 Earnings Report
Announced fourth quarter and year-end results, reporting $86.6 million of net income and increasing quarterly dividend by 7.4%.
Key Takeaways
AMERISAFE reported a net income of $28.5 million for the fourth quarter of 2020, with a net combined ratio of 70.4%. The company's performance was influenced by a soft workers’ compensation market and favorable net loss reserve development for prior accident years.
Net income for Q4 2020 was $28.5 million, a decrease of 16.2% compared to $34.0 million in Q4 2019.
Diluted earnings per share were $1.47, compared to $1.76 in the same quarter of the previous year.
The net combined ratio was 70.4%, compared to 59.6% in the prior year quarter.
The Board of Directors increased the regular quarterly dividend by 7.4% from $0.27 to $0.29 per share.
Forward Guidance
The Company estimates that its current accident year loss ratio will be 72.0% for 2021, unless there are unforeseen changes in macro conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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