AMERISAFE Q2 net income rises 26.9% to $14.0 million; operating EPS falls 8.6%
AMERISAFE reported second-quarter 2025 results, with GAAP net income of $14.0 million, up 26.9% from a year earlier, and diluted EPS of $0.73, up from $0.57. Operating net income fell 9.7% to $10.0 million, and underwriting profit fell 12.2% to $5.7 million, as the net combined ratio rose to 91.7% from 90.5%. Shareholders see higher reported earnings driven partly by investment gains, while core operating results declined.
Key points
- Diluted EPS $0.73 vs $0.57 a year earlier (up 28.1%); operating EPS $0.53 vs $0.58 (down 8.6%)
- Gross premiums written rose 4.3% to $79.7 million; voluntary premiums on policies written grew 12.8%
- Net realized gains of $3.1 million and net unrealized gains of $1.8 million on equity securities contributed to results
- Board declared a $0.39 quarterly dividend payable September 26, 2025; conference call scheduled July 25, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.