Amerisafe (AMSF) Tops Q3 EPS by 44c

Amerisafe (NASDAQ: AMSF) reported Q3 EPS of $1.16, $0.44 better than the analyst estimate of $0.72.

G. Janelle Frost, President and Chief Executive Officer, noted, “AMERISAFE continued to see loss cost declines and robust competition in the states we actively market and hazard classes we underwrite. These conditions suppressed premium, with policy count written in the quarter only down slightly. However, AMERISAFE’s profitability remained strong. Our focus on managing expenses benefitted this quarter from a loss assessment change. We also continued to reach favorable outcomes on prior year claims. Our underwriting profit, along with investment returns, produced a 19.8% return on average equity for the quarter, and a strong capital position supported an extraordinary dividend for shareholders.”

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

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