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Amerisafe Q3 operating EPS falls on higher expenses, competitive workers' compensation market

By Reuters News


Overview

  • Workers' comp insurer's Q3 net premiums earned rose 3.0% yr/yr

  • Operating EPS for Q3 was $0.40

  • Company cites higher expenses, competitive market and softer audit premium for Q3 results


Outlook

  • Amerisafe says workers’ compensation market remains increasingly competitive

  • Company remains focused on sustaining new business momentum and underwriting discipline


Result Drivers

  • HIGHER EXPENSES - Co said increased insurance-related assessments, compensation costs and commission expense raised underwriting expense ratio

  • COMPETITIVE MARKET - CEO said results reflected an increasingly competitive workers’ compensation market

  • SOFTER AUDIT PREMIUM - Co said payroll audits and related premium adjustments decreased premiums written by $1.6 mln in Q3 2026, compared with an increase of $2.5 mln in Q3 2025


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Gross Premiums

$76.67 mln

Q3 Operating EPS

$0.40

Q3 EPS

$0.39

Q3 Net Income

$7.20 mln

Q3 Combined Ratio

96.50%


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the property & casualty insurance peer group is "hold"

  • Wall Street's median 12-month price target for Amerisafe Inc is $36.21, about 42.2% above its October 27 closing price of $25.46

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Oct 27 - Arch Capital Q3 net income falls, catastrophe losses rise

  • Oct 26 - Hartford Insurance Q3 core EPS beats estimates; dividend raised

  • Oct 26 - Cincinnati Financial Q3 adj EPS beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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