Earnings ·
Reports Q3 diluted EPS of $0.39 as net income falls 47.9% to $7.2M
AMSFAmerisafe Inc
Amerisafe reported third-quarter results showing a sharp decline in profitability, with net income dropping 47.9% year-over-year to $7.2 million and diluted earnings per share falling to $0.39 from $0.72. Net premiums earned increased 3.0% to $73.3 million, but the net combined ratio deteriorated significantly to 96.5% from 90.6%, driven by higher loss and loss adjustment expenses and underwriting costs. The company also declared a quarterly cash dividend of $0.41 per share, payable on December 11, 2026, to shareholders of record as of December 4, 2026. Amerisafe is a specialty provider of workers’ compensation insurance focused on high-hazard industries.