AMERISAFE Q1 net income falls 9% to $8.1 million as premiums rise 9%
AMERISAFE reported first-quarter 2026 results on April 22, 2026. Net premiums earned rose 9.0% to $75.1 million, but net income fell 9.0% to $8.1 million and diluted earnings per share dropped to $0.43 from $0.47. Underwriting profit fell 31.5%, and the net combined ratio rose to 93.2% from 89.1%, which lowers the profit available to shareholders.
Key points
- Net premiums earned rose 9.0% to $75.1 million; gross premiums written rose 5.6% to $88.5 million.
- Net income was $8.1 million versus $8.9 million; diluted EPS was $0.43 versus $0.47, and operating EPS was $0.50 versus $0.60.
- Net combined ratio was 93.2% versus 89.1%; underwriting profit fell 31.5% to $5.1 million.
- The Board declared a quarterly cash dividend of $0.41 per share on April 21, 2026, payable June 19, 2026.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing 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 April 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.