Amerisafe (AMSF) Tops Q1 EPS by 12c

Amerisafe (NASDAQ: AMSF) reported Q1 EPS of $0.91, $0.12 better than the analyst estimate of $0.79.

G. Janelle Frost, President and Chief Executive Officer, said, “We are pleased with the first quarter results. A return on equity of 18.5% and a combined ratio of 84.0% resulted from AMERISAFE’s methodical approach to a prolonged soft cycle in workers’ compensation insurance. Continued declines in underlying loss costs kept insurers highly competitive, while payroll growth benefited revenue in the quarter.”

For earnings history and earnings-related data on Amerisafe (AMSF) click here.

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