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Dec 31, 2022
Amerisafe Q4 2022 Earnings Report
AMERISAFE reported strong Q4 2022 results, driven by underwriting margins and risk management.
Key Takeaways
AMERISAFE reported a net income of $20.8 million for Q4 2022, a significant increase compared to $3.5 million in the same quarter of the previous year. The company's combined ratio was 82.0%, reflecting a focus on underwriting margins. The return on average equity was 24.1%.
Net income increased to $20.8 million, a 486.8% increase year-over-year.
Diluted earnings per share rose to $1.08, up from $0.18 in Q4 2021.
The net combined ratio improved to 82.0% from 112.9% in the prior year quarter.
Net premiums earned were $66.1 million, a slight decrease of 2.5% compared to Q4 2021.
Forward Guidance
AMERISAFE did not provide specific forward guidance in the Q4 2022 earnings report. The report highlighted the company's focus on underwriting margins and sustainability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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