Amerisafe, Inc. (OQ:AMSF)
Business Focus: Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2301 Highway 190 W DERIDDER LA 70634 |
| Tel: | 1-800-2569052 |
| Website: | https://www.amerisafe.com |
| IR: | See website |
| Key People | ||
| Gerry Janelle Frost President, Chief Executive Officer, Director | Anastasios Omiridis Chief Financial Officer, Executive Vice President | Kathryn Housh Shirley Executive Vice President, Chief Administrative Officer, Secretary |
| Vincent J. Gagliano Executive Vice President, Chief Risk Officer | Ray Wise Executive Vice President, Chief Sales Officer | |
| Business Overview |
| AMERISAFE, Inc. is an insurance holding company that provides workers compensation insurance. The Company is focused on the small to mid-sized employers engaged in hazardous industries, construction, trucking, logging and lumber, agriculture and manufacturing. Construction includes highway and bridge construction, building and maintenance of pipeline and powerline networks, excavation, commercial construction, roofing, iron and steel erection, tower erection and other specialized construction operations. Trucking includes contract haulers, regional and local freight carriers, special equipment transporters and other trucking companies. The Logging and Lumber includes tree harvesting, tree trimming, sawmills, and other operations associated with lumber and wood products. The Company's workers compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death, and medical and hospital expenses. |
| Financial Overview |
| For the nine months ended 30 September 2024, Amerisafe, Inc. revenues decreased 2% to $226.4M. Net income decreased 2% to $42.2M. Revenues reflect Net Investment Income decrease of 4% to $22.3M. Net income also reflects Salaries and Benefits increase of 15% to $22.5M (expense), Policyholder dividends increase of 18% to $2.6M (expense), Operating Provisions decrease of 10% to $46K (income). Dividend per share increased from $1.02 to $1.11. |
| Employees: | 350 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,056M as of Sep 30, 2024 |
| Annual revenue (TTM): | $301.42M as of Sep 30, 2024 |
| EBITDA (TTM): | $63.71M as of Sep 30, 2024 |
| Net annual income (TTM): | $61.42M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$78.41M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 19,049,970 as of Oct 18, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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