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Dec 31, 2021
Amerisafe Q4 2021 Earnings Report
Announced fourth quarter and year-end results, which included an increase in loss ratio due to a catastrophic claim and a rise in quarterly dividend.
Key Takeaways
AMERISAFE reported a net income of $3.541 million for Q4 2021, a significant decrease from $28.501 million in Q4 2020. The company experienced a catastrophic claim during the quarter, leading to an increased accident year loss ratio. Despite these challenges, the company reported a combined ratio of 85.7% and a return on average equity of 15.7% for the year.
Net income for the quarter was $3.541 million, a decrease of 87.6% compared to the same period last year.
Diluted earnings per share were $0.18, down 87.8% from $1.47 in the fourth quarter of 2020.
The company experienced a catastrophic claim, increasing the net accident year loss ratio.
The Board of Directors increased the regular quarterly dividend by 6.9%.
Forward Guidance
AMERISAFE anticipates continued growth opportunities and disciplined underwriting, but faces ongoing market challenges.
Positive Outlook
- Focus on high-hazard workers’ compensation.
- Commitment to personalized claims management.
- Disciplined pricing approach.
- Proactive management of competitive environment.
- Potential for growth in specialty underwriting.
Challenges Ahead
- Slow economic growth.
- Strong competition.
- Declining rates.
- Pandemic-related uncertainties.
- Impact of catastrophic claim on current results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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