Despite premium growth and dividend increase, the declining earnings and widening combined ratio suggest underwriting pressure. Traders should monitor loss ratio trends and investment performance in upcoming quarters.
Price Chart
Executive Summary
AMERISAFE reported full-year 2025 net income of $47.1 million, down 15% YoY, with diluted EPS of $2.47, down 14.5%. Revenue grew 4.6% to $283.1 million in net premiums earned, but net investment income declined 7.6%. The company increased its quarterly dividend by 5.1% to $0.41 per share and repurchased $12.1 million in stock during the year.
Key Financial Metrics
Key Facts
- Full-year 2025 net income was $47.1 million, down 15% from $55.4 million in 2024
- Diluted EPS was $2.47, down 14.5% from $2.89 in 2024
- Net premiums earned grew 4.6% to $283.1 million
- Net investment income declined 7.6% to $27.0 million
- Company increased quarterly dividend by 5.1% to $0.41 per share
- Repurchased $12.1 million in shares during 2025
- Annual net combined ratio was 91.3%, up from 88.7% in 2024
Financial Impact
Net income declined by $8.3 million (15%) year-over-year, with EPS down $0.42
Risk Factors
- Increasing loss ratios indicate potential underwriting challenges
- Declining investment income could pressure future earnings
- Higher accident year loss ratio (72% vs 71% in 2024) may impact profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-071529 |
| Document: d63427d8k.htm | 0001193125-26-071529 |
| Document: d63427dex992.htm | 0001193125-26-071529 |
| Document: 0001193125-26-071529-index-headers.html | 0001193125-26-071529 |
| Document: 0001193125-26-071529-index.html | 0001193125-26-071529 |
| Document: 0001193125-26-071529.txt | 0001193125-26-071529 |
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% | $26.31 (+13.02%) |
Sep 30, 2026 26d ago | SC 13G | $23.68 $23.59 | ▼ −0.38% | ▼ −1.12% | $26.31 (+11.11%) |
Aug 15, 2026 10w ago | Institutional Cluster | $26.41 $26.53 | ▲ +0.45% | ▲ +1.13% | $26.31 (−0.38%) |
Jun 11, 2026 19w ago | Institutional Cluster | $31.80 $31.53 | ▼ −0.85% | ▼ −1.39% | $26.31 (−17.26%) |
Apr 22, 2026 26w ago | 8-K | $29.96 $31.09 | ▼ −3.77% | ▼ −4.17% | $26.31 (+12.18%) |
Feb 25, 2026 34w ago | 8-K | $33.63 $32.53 | ▲ +3.27% | ▲ +2.79% | $26.31 (+21.77%) |
US Market Status
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