Stock Data
$0.31 (0.90%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
INSURANCE - SPECIALTY
Amerisafe Inc specializes in providing workers' compensation insurance across the United States, focusing on employees in hazardous industries such as construction, trucking, and manufacturing. The company offers coverage for disability, death, and medical expenses resulting from workplace injuries. Founded in 1985 and headquartered in DeRidder, Louisiana, Amerisafe sells its insurance products through both retail and wholesale brokers and agents, targeting small and mid-sized businesses.
A 49% EPS beat masks deteriorating core business: headline earnings of $0.78 were turbocharged by $8.1 million in investment gains, while operating EPS actually sank 17% as the combined ratio widened and underwriting profit cratered 38%, though management raised the dividend 5.1% anyway.
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