AMERISAFE, Inc., an insurance holding company, underwrites workers’ compensation insurance in the United States.
Solid track record second-rate dividend payer.
Share Price & News
How has Amerisafe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: A3I has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: A3I underperformed the German Insurance industry which returned 29.6% over the past year.
Return vs Market: A3I exceeded the German Market which returned 15% over the past year.
Price Volatility Vs. Market
How volatile is Amerisafe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Amerisafe undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: A3I (€64.5) is trading below our estimate of fair value (€71.63)
Significantly Below Fair Value: A3I is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: A3I is poor value based on its PE Ratio (17.4x) compared to the Insurance industry average (12.7x).
PE vs Market: A3I is good value based on its PE Ratio (17.4x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: A3I's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: A3I is overvalued based on its PB Ratio (2.9x) compared to the DE Insurance industry average (1.2x).
How is Amerisafe forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: A3I's earnings are forecast to decline over the next 3 years (-17% per year).
Earnings vs Market: A3I's earnings are forecast to decline over the next 3 years (-17% per year).
High Growth Earnings: A3I's earnings are forecast to decline over the next 3 years.
Revenue vs Market: A3I's revenue is expected to decline over the next 3 years (-4.3% per year).
High Growth Revenue: A3I's revenue is forecast to decline over the next 3 years (-4.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: A3I's Return on Equity is forecast to be low in 3 years time (12%).
How has Amerisafe performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: A3I has high quality earnings.
Growing Profit Margin: A3I's current net profit margins (20.8%) are higher than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: A3I's earnings have grown by 1.6% per year over the past 5 years.
Accelerating Growth: A3I's earnings growth over the past year (44.9%) exceeds its 5-year average (1.6% per year).
Earnings vs Industry: A3I earnings growth over the past year (44.9%) exceeded the Insurance industry 7.8%.
Return on Equity
High ROE: A3I's Return on Equity (16.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Amerisafe's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: A3I has a low level of unsold assets or inventory.
Debt Coverage by Assets: A3I's debt is not covered by short term assets (assets are -9165x debt).
Financial Institutions Analysis
Asset Level: A3I's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if A3I has a sufficient allowance for bad loans.
Low Risk Liabilities: A3I reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if A3I has an acceptable proportion of non-loan assets held.
Low Risk Deposits: A3I has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if A3I has an appropriate level of bad loans.
What is Amerisafe's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: A3I's dividend (6.42%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: A3I's dividend (6.42%) is in the top 25% of dividend payers in the German market (3.59%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, A3I has been paying a dividend for less than 10 years.
Growing Dividend: A3I's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.1%), A3I's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: A3I's dividends in 3 years are not forecast to be well covered by earnings (134.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gerry Frost (48yo)
Ms. Gerry Janelle Frost has served as Chief Executive Officer since April 2015 and President since September 2013 of AMERISAFE Inc and American Interstate Insurance Company of Texas. She has served as a Di ...
CEO Compensation Analysis
Compensation vs Market: Gerry's total compensation ($USD1.78M) is about average for companies of similar size in the German market ($USD1.49M).
Compensation vs Earnings: Gerry's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||4.4yrs||US$847.39k||0.095% $1.2m|
|Executive VP||7.8yrs||US$534.32k||0.058% $719.7k|
|Executive VP & Chief Risk Officer||10.4yrs||US$608.80k||0.087% $1.1m|
|Senior Vice President of Sales & Marketing||4.8yrs||no data||no data|
|Senior Vice President of Claims Operations||19.4yrs||no data||no data|
|Senior Vice President of Recruitment and Development||14.9yrs||no data||no data|
|Senior Vice President of Policyholder Services||2.3yrs||no data||no data|
|Senior VP & Controller||0.3yrs||no data||no data|
|Executive VP & Chief Underwriting Officer||0.8yrs||no data||0.047% $581.4k|
Experienced Management: A3I's management team is considered experienced (4.8 years average tenure).
|Independent Director||10.1yrs||US$129.00k||0.063% $782.9k|
|Chairman of the Board||3.8yrs||US$163.00k||0.39% $4.9m|
|Independent Director||12.9yrs||US$117.00k||0.045% $564.4k|
|Independent Director||12.7yrs||US$107.50k||0.57% $7.0m|
|Independent Director||5.3yrs||US$119.00k||0.024% $299.5k|
Experienced Board: A3I's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Amerisafe, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Amerisafe, Inc.
- Ticker: A3I
- Exchange: DB
- Founded: 1985
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$1.351b
- Listing Market Cap: US$1.246b
- Shares outstanding: 19.29m
- Website: https://www.amerisafe.com
Number of Employees
- Amerisafe, Inc.
- 2301 Highway 190 West
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AMSF||NasdaqGS (Nasdaq Global Select)||Yes||Voting Common Stock||US||USD||Nov 2005|
|A3I||DB (Deutsche Boerse AG)||Yes||Voting Common Stock||DE||EUR||Nov 2005|
AMERISAFE, Inc., an insurance holding company, underwrites workers’ compensation insurance in the United States. Its workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas. The company was incorporated in 1985 and is based in DeRidder, Louisiana.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 20:58|
|End of Day Share Price||2020/02/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.