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Dec 31, 2024
Amerisafe Q4 2024 Earnings Report
Amerisafe reported a decrease in net income and diluted earnings per share for Q4 2024, alongside a slight increase in net premiums earned.
Key Takeaways
AMERISAFE, Inc. reported a net income of $13.194 million for the fourth quarter of 2024, a decrease of 31.2% compared to the same period in 2023. Diluted earnings per share also decreased by 31.0% to $0.69. Net premiums earned saw a modest increase of 1.2% to $66.510 million.
Net income for Q4 2024 was $13.194 million, a 31.2% decrease from Q4 2023.
Diluted earnings per share for Q4 2024 was $0.69, down 31.0% from Q4 2023.
Net premiums earned increased by 1.2% to $66.510 million in Q4 2024.
The net combined ratio for Q4 2024 was 86.1%, a slight increase from 85.5% in Q4 2023.
Forward Guidance
The company did not provide specific forward-looking financial guidance in this report. However, it highlighted its strategic focus and operational strengths.
Positive Outlook
- Successfully navigated a highly competitive workers' compensation market.
- Achieved growth and profitability despite industry challenges.
- Risk selection, appropriate product pricing, and claims handling resulted in favorable combined ratios.
- Expertise, resilience, and focus on service excellence are driving forces for growth and adaptation.
- Delivering consistently solid results in a dynamic environment.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The report does not contain explicit negative outlooks or challenges for future periods.
- No mention of potential market downturns or increased competition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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