Trade AMERISAFE Inc - AMSF CFD

AMERISAFE Company profile

About Amerisafe, Inc.

AMERISAFE, Inc. is an insurance holding company. The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas. It provides proactive safety reviews of employers’ workplaces. The Company utilize intensive claims management practices. In addition, its audit services ensure that the Company’s policyholders pay the appropriate premiums required under the terms of their policies and enable it to monitor payroll patterns that cause underwriting, safety or fraud concerns. The Company’s actively market its insurance in 27 states through independent agencies, including retail and wholesale brokers and agents, as well as through its insurance agency subsidiary. It is also licensed in an additional 20 states, the District of Columbia and the United States Virgin Islands.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Amerisafe, Inc. revenues decreased 7% to $315.9M. Net income decreased 24% to $65.8M. Revenues reflect Net Investment Income decrease of 13% to $25.4M. Net income also reflects Underwriting and certain other operating increase of 19% to $24.8M (expense). Dividend per share increased from $1.08 to $1.16.

Equity composition

Common Stock, $.01 Par, 12/10, 50M auth., 19,060,649 issd., less 708,608 shs. in treas. @12.1M. Insider owns 1.42%. IPO: 11/05, 8,000,000 shares @ $9 per share by Freidman Billings Ramsey. 10/05, 72-for-1 reverse stock split. PO: 11/06, 7,888,326 shs. by selling stk.holders @ $11.75 per share by Friedman Billings Ramsey.