Amerisafe (AMSF) Tops Q1 EPS by 26c

Amerisafe (NASDAQ: AMSF) reported Q1 EPS of $0.99, $0.26 better than the analyst estimate of $0.73.

G. Janelle Frost, President and Chief Executive Officer, stated, “We are optimistic that vaccination rollout will strengthen the economy and add some normalcy back to daily living. However, optimism alone will not change the trajectory of the workers’ compensation market. The soft market continued in the quarter. Competition remained robust, while loss costs continued to decline. We are pleased to report an 84.6% combined ratio in the quarter through disciplined underwriting, competitive pricing, slight policy growth, and favorable case loss development from prior accident years.”

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

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