Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Billy Greer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
AMERISAFE, Inc. Declares Quarterly Cash Dividend, Payable on June 19, 2026 On April 21, 2026, the Board of Directors of AMERISAFE, Inc. declared a quarterly cash dividend of $0.41 per share, payable on June 19, 2026, to shareholders of record as of June 12, 2026. Announcement • Apr 15
AMERISAFE, Inc., Annual General Meeting, Jun 10, 2026 AMERISAFE, Inc., Annual General Meeting, Jun 10, 2026. Location: 2301 highway 190 west, louisiana, deridder, United States Announcement • Apr 03
AMERISAFE, Inc. to Report Q1, 2026 Results on Apr 22, 2026 AMERISAFE, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 22, 2026 Announcement • Feb 26
AMERISAFE, Inc. Declares Quarterly Cash Dividend, Payable on March 20, 2026 AMERISAFE, Inc. announced that its Board of Directors has increased the quarterly dividend by 5.1%, from $0.39 to $0.41 per share. The Board of Directors declared a quarterly cash dividend of $0.41 per share, payable on March 20, 2026, to shareholders of record as of March 13, 2026. Announcement • Jan 13
AMERISAFE, Inc. to Report Q4, 2025 Results on Feb 25, 2026 AMERISAFE, Inc. announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Announcement • Oct 02
AMERISAFE, Inc. to Report Q3, 2025 Results on Oct 29, 2025 AMERISAFE, Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Jul 25
AMERISAFE, Inc. (NasdaqGS:AMSF) announces an Equity Buyback for $25 million worth of its shares. AMERISAFE, Inc. (NasdaqGS:AMSF) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. Announcement • Jul 02
AMERISAFE, Inc. to Report Q2, 2025 Results on Jul 24, 2025 AMERISAFE, Inc. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Announcement • Apr 30
AMERISAFE, Inc. Declares Quarterly Cash Dividend, Payable on June 20, 2025 AMERISAFE, Inc. announced that on April 29, 2025, the Company’s board of directors declared a quarterly cash dividend of $0.39 per share, payable on June 20, 2025, to shareholders of record as of June 13, 2025. Announcement • Apr 04
AMERISAFE, Inc. to Report Q1, 2025 Results on Apr 29, 2025 AMERISAFE, Inc. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Announcement • Mar 19
AMERISAFE, Inc., Annual General Meeting, Jun 06, 2025 AMERISAFE, Inc., Annual General Meeting, Jun 06, 2025. Location: 2301 highway 190 west, deridder louisiana 70634, United States Announcement • Feb 27
AMERISAFE, Inc. Announces Quarterly Dividend, Payable on March 21, 2025 AMERISAFE, Inc. announced that its Board of Directors has increased the quarterly dividend by 5.4%, from $0.37 to $0.39 per share. The Board of Directors declared a quarterly cash dividend of $0.39 per share, payable on March 21, 2025 to shareholders of record as of March 7, 2025. Announcement • Jan 15
AMERISAFE, Inc. to Report Q4, 2024 Results on Feb 26, 2025 AMERISAFE, Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Declared Dividend • Oct 28
Third quarter dividend of US$3.37 announced Shareholders will receive a dividend of US$3.37. Ex-date: 6th December 2024 Payment date: 13th December 2024 Dividend yield will be 8.6%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 39% over the next 2 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.75 (vs US$0.52 in 3Q 2023) Third quarter 2024 results: EPS: US$0.75 (up from US$0.52 in 3Q 2023). Revenue: US$78.7m (up 8.3% from 3Q 2023). Net income: US$14.3m (up 44% from 3Q 2023). Profit margin: 18% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Insurance industry in Europe are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Announcement • Oct 03
AMERISAFE, Inc. to Report Q3, 2024 Results on Oct 23, 2024 AMERISAFE, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024 Upcoming Dividend • Aug 30
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 06 September 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 10.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.9%). Declared Dividend • Aug 05
Second quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 11%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 23% over the next year. However, it would need to fall by 47% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$0.58 (vs US$0.82 in 2Q 2023) Second quarter 2024 results: EPS: US$0.58 (down from US$0.82 in 2Q 2023). Revenue: US$75.8m (flat on 2Q 2023). Net income: US$11.0m (down 30% from 2Q 2023). Profit margin: 14% (down from 21% in 2Q 2023). Revenue is expected to decline by 5.2% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 6.1%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
AMERISAFE, Inc. to Report Q2, 2024 Results on Jul 29, 2024 AMERISAFE, Inc. announced that they will report Q2, 2024 results After-Market on Jul 29, 2024 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.2%). Declared Dividend • Apr 29
First quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 14th June 2024 Payment date: 21st June 2024 Dividend yield will be 11%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 22% over the next year. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.89 (vs US$0.91 in 1Q 2023) First quarter 2024 results: EPS: US$0.89 (down from US$0.91 in 1Q 2023). Revenue: US$80.5m (up 2.6% from 1Q 2023). Net income: US$16.9m (down 2.4% from 1Q 2023). Profit margin: 21% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 03
AMERISAFE, Inc. to Report Q1, 2024 Results on Apr 24, 2024 AMERISAFE, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024 Announcement • Mar 12
AMERISAFE, Inc., Annual General Meeting, Jun 07, 2024 AMERISAFE, Inc., Annual General Meeting, Jun 07, 2024, at 09:00 Central Standard Time. Location: 2301 Highway 190 West in DeRidder, Louisiana 70634 Deridder Louisiana United States Buy Or Sell Opportunity • Mar 09
Now 21% undervalued Over the last 90 days, the stock has risen 8.7% to €47.60. The fair value is estimated to be €59.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to decline by 31% in the next 2 years. Upcoming Dividend • Feb 29
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 22 March 2024. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 9.4%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (3.7%). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.37 announced Shareholders will receive a dividend of US$0.37. Ex-date: 7th March 2024 Payment date: 22nd March 2024 Dividend yield will be 9.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (325% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 38% over the next 2 years. However, it would need to fall by 53% to increase the payout ratio to a potentially unsustainable range. Buy Or Sell Opportunity • Feb 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to €45.00. The fair value is estimated to be €56.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to decline by 1.5% in 2 years. Earnings are forecast to decline by 30% in the next 2 years. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$3.24 (vs US$2.89 in FY 2022) Full year 2023 results: EPS: US$3.24 (up from US$2.89 in FY 2022). Revenue: US$306.9m (up 4.1% from FY 2022). Net income: US$62.1m (up 12% from FY 2022). Profit margin: 20% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 22
AMERISAFE, Inc. Announces Increased Quarterly Dividend, Payable on March 22, 2024 AMERISAFE, Inc. announced that its board of directors has increased the quarterly dividend by 8.8%, from $0.34 to $0.37 per share. The board of directors declared a quarterly cash dividend of $0.37 per share, payable on March 22, 2024 to shareholders of record as of March 8, 2024. Announcement • Jan 09
AMERISAFE, Inc. to Report Q4, 2023 Results on Feb 21, 2024 AMERISAFE, Inc. announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Buying Opportunity • Dec 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €53.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has declined by 21%. Revenue is forecast to decline by 1.4% in 2 years. Earnings is forecast to decline by 32% in the next 2 years. Upcoming Dividend • Nov 23
Upcoming dividend of US$3.84 per share at 9.6% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 9.6%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.9%). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.52 (vs US$0.59 in 3Q 2022) Third quarter 2023 results: EPS: US$0.52 (down from US$0.59 in 3Q 2022). Revenue: US$72.6m (up 1.7% from 3Q 2022). Net income: US$9.96m (down 12% from 3Q 2022). Profit margin: 14% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Insurance industry in Europe are expected to grow by 6.2%. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
AMERISAFE, Inc. Announces Retirement of Andrew McCray as Executive Vice President, Chief Underwriting Officer AMERISAFE, Inc. announced that on October 11, 2023, Andrew McCray advised the Company that he would retire as Executive Vice President, Chief Underwriting Officer. His retirement is effective October 11, 2023. Announcement • Oct 05
AMERISAFE, Inc. to Report Q3, 2023 Results on Oct 25, 2023 AMERISAFE, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 Recent Insider Transactions • Sep 12
Executive VP & CFO recently sold €159k worth of stock On the 8th of September, Anastasios Omiridis sold around 3k shares on-market at roughly €47.81 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anastasios' only on-market trade for the last 12 months. Upcoming Dividend • Aug 31
Upcoming dividend of US$0.34 per share at 10% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 10%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.1%). Buying Opportunity • Aug 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.5%. The fair value is estimated to be €60.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to decline by 1.3% in a year. Earnings is forecast to decline by 18% in the next year. New Risk • Jul 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 182x earnings per share. Cash payout ratio: 314% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 182x earnings per share. Cash payout ratio: 314% Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.001 (vs US$0.32 in 2Q 2022) Second quarter 2023 results: EPS: US$0.001. Revenue: US$75.7m (up 11% from 2Q 2022). Net income: US$15.6m (up 155% from 2Q 2022). Profit margin: 21% (up from 9.0% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Insurance industry in Germany. Announcement • Jul 22
AMERISAFE, Inc. Announces Appointment of Ray Wise as Executive Vice President - Chief Sales Officer AMERISAFE, Inc. announced that Ray Wise will be joining the company as Executive Vice President - Chief Sales Officer. Ray comes to AMERISAFE with more than 30 years of insurance and leadership experience, most recently serving as Senior Vice President – Chief Sales Officer for Employers Insurance. In addition, Mr. Wise has had leadership roles with Vanliner Insurance Company, CNA Financial and The Hartford. Buying Opportunity • Jul 12
Now 20% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be €59.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 3.9% in a year. Earnings is forecast to grow by 0.02% in the next year. Announcement • Jul 04
AMERISAFE, Inc. to Report Q2, 2023 Results on Jul 27, 2023 AMERISAFE, Inc. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Upcoming Dividend • Jun 08
Upcoming dividend of US$0.34 per share at 10.0% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 10.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.5%). Buying Opportunity • May 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be €61.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 3.9% in a year. Earnings is forecast to grow by 0.02% in the next year. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.91 (vs US$0.90 in 1Q 2022) First quarter 2023 results: EPS: US$0.91 (up from US$0.90 in 1Q 2022). Revenue: US$78.5m (up 4.0% from 1Q 2022). Net income: US$17.3m (flat on 1Q 2022). Profit margin: 22% (in line with 1Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Buying Opportunity • Apr 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.3%. The fair value is estimated to be €59.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 4.9% in 2 years. Earnings is forecast to decline by 12% in the next 2 years. Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Billy Greer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Mar 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.1%. The fair value is estimated to be €59.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 4.9% in 2 years. Earnings is forecast to decline by 12% in the next 2 years. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.34 per share at 9.9% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 24 March 2023. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 9.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.3%). Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$2.89 (vs US$3.40 in FY 2021) Full year 2022 results: EPS: US$2.89 (down from US$3.40 in FY 2021). Revenue: US$294.7m (down 6.7% from FY 2021). Net income: US$55.6m (down 15% from FY 2021). Profit margin: 19% (down from 21% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jan 07
AMERISAFE, Inc. to Report Q4, 2022 Results on Feb 20, 2023 AMERISAFE, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 20, 2023 Announcement • Jan 06
AMERISAFE, Inc. Announces the Retirement of Millard Morris as Director AMERISAFE, Inc. announced that Millard Morris retired from AMERISAFE’s Board of Directors effective December 31, 2022. Mr. Morris founded the Company in 1985. He was the Company’s Chairman, Chief Executive Officer and principal shareholder until a majority interest in the Company was sold to a private investment group in 1997. Following that sale, he continued to serve as a director of the Company until immediately prior to the Company’s initial public offering in 2005. In 2007, Mr. Morris was asked to rejoin the Board. At the time of his retirement, Mr. Morris served as the Chair of the Risk Committee. His experience as the founder of the Company and his long-term service as a director provided him with unique knowledge of the opportunities and challenges of the workers compensation insurance industry. Upcoming Dividend • Nov 24
Upcoming dividend of US$4.31 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 9.2%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.4%). Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.59 (vs US$0.99 in 3Q 2021) Third quarter 2022 results: EPS: US$0.59 (down from US$0.99 in 3Q 2021). Revenue: US$71.4m (down 2.3% from 3Q 2021). Net income: US$11.4m (down 41% from 3Q 2021). Profit margin: 16% (down from 26% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Sep 27
AMERISAFE, Inc. to Report Q3, 2022 Results on Oct 26, 2022 AMERISAFE, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2022 Upcoming Dividend • Sep 01
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.3%). Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.32 (vs US$1.23 in 2Q 2021) Second quarter 2022 results: EPS: US$0.32 (down from US$1.23 in 2Q 2021). Revenue: US$68.1m (down 16% from 2Q 2021). Net income: US$6.13m (down 74% from 2Q 2021). Profit margin: 9.0% (down from 29% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to stay flat compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Announcement • Jul 30
AMERISAFE, Inc. Declares Quarterly Cash Dividend, Payable September 23, 2022 On July 26, 2022 the Board of Directors of AMERISAFE, Inc. declared a quarterly cash dividend of $0.31 per share, payable September 23, 2022 to shareholders of record as of September 9, 2022. Announcement • Jun 30
AMERISAFE, Inc. to Report Q2, 2022 Results on Jul 28, 2022 AMERISAFE, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 28, 2022 Upcoming Dividend • Jun 09
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 36% and the cash payout ratio is 83%. Trailing yield: 11%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (4.9%). Reported Earnings • May 01
First quarter 2022 earnings released: EPS: US$0.90 (vs US$1.00 in 1Q 2021) First quarter 2022 results: EPS: US$0.90 (down from US$1.00 in 1Q 2021). Revenue: US$75.5m (down 9.6% from 1Q 2021). Net income: US$17.3m (down 10% from 1Q 2021). Profit margin: 23% (in line with 1Q 2021). Over the next year, revenue is expected to shrink by 6.1% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Announcement • Apr 28
AMERISAFE, Inc. Declares Quarterly Cash Dividend, Payable on June 24, 2022 On April 26, 2022 the Board of Directors of AMERISAFE, Inc. declared a quarterly cash dividend of $0.31 per share, payable on June 24, 2022 to shareholders of record as of June 17, 2022. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (4.4%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.40 (down from US$4.49 in FY 2020). Revenue: US$316.0m (down 6.9% from FY 2020). Net income: US$65.8m (down 24% from FY 2020). Profit margin: 21% (down from 26% in FY 2020). The decrease in margin was driven by lower revenue. Combined ratio: 85.7% (up from 76.3% in FY 2020). Revenue exceeded analyst estimates by 7.3%. Over the next year, revenue is expected to shrink by 9.1% compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 02 December 2021. Payment date: 17 December 2021. Trailing yield: 9.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.2%). Upcoming Dividend • Nov 02
Upcoming dividend of US$4.00 per share Eligible shareholders must have bought the stock before 09 November 2021. Payment date: 17 November 2021. Trailing yield: 8.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.2%). Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$0.99 (vs US$1.21 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$73.0m (down 12% from 3Q 2020). Net income: US$19.1m (down 18% from 3Q 2020). Profit margin: 26% (down from 28% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$1.23 (vs US$1.24 in 2Q 2020) The company reported a mediocre second quarter result with weaker revenues, although earnings were flat and profit margins improved. Second quarter 2021 results: Revenue: US$81.2m (down 8.8% from 2Q 2020). Net income: US$23.8m (flat on 2Q 2020). Profit margin: 29% (up from 27% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 10
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 25 June 2021. Trailing yield: 7.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (4.2%). Recent Insider Transactions • May 13
Independent Director recently bought €418k worth of stock On the 11th of May, Sean Traynor bought around 8k shares on-market at roughly €52.26 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$1.00 (vs US$0.56 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$83.4m (up 5.2% from 1Q 2020). Net income: US$19.3m (up 79% from 1Q 2020). Profit margin: 23% (up from 14% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
AMERISAFE, Inc. Declares Quarterly Cash Dividend, Payable on June 25, 2021 On April 27, 2021 the Board of Directors of AMERISAFE, Inc. declared a quarterly cash dividend of $0.29 per share, payable on June 25, 2021 to shareholders of record as of June 18, 2021. Announcement • Mar 12
AMERISAFE, Inc., Annual General Meeting, Jun 11, 2021 AMERISAFE, Inc., Annual General Meeting, Jun 11, 2021, at 09:00 Central Standard Time. Location: 2301 Highway 190 West in DeRidder Deridder Louisiana United States Is New 90 Day High Low • Mar 10
New 90-day high: €54.00 The company is up 16% from its price of €46.40 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €77.75 per share. Upcoming Dividend • Mar 04
Upcoming Dividend of US$0.29 Per Share Will be paid on the 26th of March to those who are registered shareholders by the 11th of March. The trailing yield of 7.8% is in the top quartile of German dividend payers (3.5%), and it is higher than industry peers (4.3%). Reported Earnings • Feb 27
Full year 2020 earnings released: EPS US$4.49 (vs US$4.82 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$339.5m (down 8.3% from FY 2019). Net income: US$86.6m (down 6.6% from FY 2019). Profit margin: 26% (in line with FY 2019). Combined ratio: 76.3% (down from 76.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is expected to shrink by 7.7% compared to a 15% growth forecast for the Insurance industry in Germany. Announcement • Jan 15
AMERISAFE, Inc. to Report Q4, 2020 Results on Feb 24, 2021 AMERISAFE, Inc. announced that they will report Q4, 2020 results After-Market on Feb 24, 2021 Is New 90 Day High Low • Nov 27
New 90-day low: €47.00 The company is down 18% from its price of €57.00 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.87 per share. 
