Monitor next quarter for improvement in the combined ratio and loss trends; the current downward trajectory in profitability and book value raises concerns about underwriting discipline despite premium growth.
Price Chart
Executive Summary
AMERISAFE reported Q1 2026 earnings with diluted EPS of $0.43, missing consensus of $0.54 by 20.4%, driven by a 9.0% decline in net income and a widening net combined ratio to 93.2%. The stock is down on the miss despite 9.0% growth in net premiums earned.
Key Financial Metrics
Key Facts
- Diluted EPS was $0.43 vs. consensus of $0.54 (-20.4% miss)
- Net income declined 9.0% YoY to $8.145 million
- Net combined ratio widened to 93.2% from 89.1% in Q1 2025
- Net premiums earned grew 9.0% to $75.072 million
- Book value per share declined 3.7% to $13.18
Financial Impact
EPS miss of $0.11 and net income decline of $804K
Risk Factors
- Widening net combined ratio indicates deteriorating underwriting profitability
- Decline in book value per share may pressure investor confidence
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-168712 |
| Document: d209530d8k.htm | 0001193125-26-168712 |
| Document: 0001193125-26-168712-index-headers.html | 0001193125-26-168712 |
| Document: 0001193125-26-168712-index.html | 0001193125-26-168712 |
| Document: 0001193125-26-168712.txt | 0001193125-26-168712 |
| 8-K Data (Synthetic) | 0001193125-26-168712 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | SC 13G/A | $23.28 $23.60 | ▲ +1.37% | ▲ +0.82% | $26.23 (+12.67%) |
Sep 30, 2026 26d ago | SC 13G | $23.68 $23.59 | ▼ −0.38% | ▼ −1.12% | $26.23 (+10.77%) |
Aug 15, 2026 10w ago | Institutional Cluster | $26.41 $26.53 | ▲ +0.45% | ▲ +1.13% | $26.23 (−0.68%) |
Jun 11, 2026 19w ago | Institutional Cluster | $31.80 $31.53 | ▼ −0.85% | ▼ −1.39% | $26.23 (−17.52%) |
Apr 22, 2026 26w ago | 8-K | $29.96 $31.09 | ▼ −3.77% | ▼ −4.17% | $26.23 (+12.45%) |
Feb 25, 2026 34w ago | 8-K | $33.63 $32.53 | ▲ +3.27% | ▲ +2.79% | $26.23 (+22.00%) |
US Market Status
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