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Amerisafe

Nasdaq:AMSF
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMSF
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

AMERISAFE, Inc., an insurance holding company, provides workers’ compensation insurance in the United States. The last earnings update was 52 days ago. More info.


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AMSF Share Price and Events
7 Day Returns
-7.1%
NasdaqGS:AMSF
-2.2%
US Insurance
-1.5%
US Market
1 Year Returns
-6.3%
NasdaqGS:AMSF
-11.9%
US Insurance
-4.2%
US Market
AMSF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amerisafe (AMSF) -7.1% -8.4% -8.3% -6.3% 18.6% 38.9%
US Insurance -2.2% -6.6% -10.9% -11.9% 18.1% 23.2%
US Market -1.5% -5.2% -11.2% -4.2% 27.3% 35.3%
1 Year Return vs Industry and Market
  • AMSF outperformed the Insurance industry which returned -11.9% over the past year.
  • AMSF underperformed the Market in United States of America which returned -4.2% over the past year.
Price Volatility
AMSF
Industry
5yr Volatility vs Market

AMSF Value

 Is Amerisafe undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Amerisafe to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Amerisafe.

NasdaqGS:AMSF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $21.31 * 14.1%
$3.01
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $21.31
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:AMSF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 21%) (0%))
0.757
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.8 * 7.05%)
8.59%

Discounted Cash Flow Calculation for NasdaqGS:AMSF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Amerisafe is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:AMSF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.1% – 8.59%) * $21.31)
$1.18
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.18 / (8.59% - 2.95%)
$20.90
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $21.31 + $20.90
$42.21
NasdaqGS:AMSF Discount to Share Price
Calculation Result
Value per share (USD) From above. $42.21
Current discount Discount to share price of $58.56
= -1 x ($58.56 - $42.21) / $42.21
-38.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Amerisafe is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Amerisafe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amerisafe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AMSF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $2.79
NasdaqGS:AMSF Share Price ** NasdaqGS (2018-12-17) in USD $58.56
United States of America Insurance Industry PE Ratio Median Figure of 96 Publicly-Listed Insurance Companies 13.89x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 16.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Amerisafe.

NasdaqGS:AMSF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AMSF Share Price ÷ EPS (both in USD)

= 58.56 ÷ 2.79

21.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amerisafe is overvalued based on earnings compared to the US Insurance industry average.
  • Amerisafe is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Amerisafe's expected growth come at a high price?
Raw Data
NasdaqGS:AMSF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-1.6%per year
United States of America Insurance Industry PEG Ratio Median Figure of 73 Publicly-Listed Insurance Companies 0.62x
United States of America Market PEG Ratio Median Figure of 2,105 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

NasdaqGS:AMSF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.02x ÷ -1.6%

-12.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amerisafe earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Amerisafe's assets?
Raw Data
NasdaqGS:AMSF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $23.89
NasdaqGS:AMSF Share Price * NasdaqGS (2018-12-17) in USD $58.56
United States of America Insurance Industry PB Ratio Median Figure of 114 Publicly-Listed Insurance Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,082 Publicly-Listed Companies 1.7x
NasdaqGS:AMSF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AMSF Share Price ÷ Book Value per Share (both in USD)

= 58.56 ÷ 23.89

2.45x

* Primary Listing of Amerisafe.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amerisafe is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess Amerisafe's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Amerisafe has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AMSF Future Performance

 How is Amerisafe expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amerisafe expected to grow at an attractive rate?
  • Amerisafe's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • Amerisafe's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Amerisafe's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AMSF Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:AMSF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -1.6%
NasdaqGS:AMSF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.2%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:AMSF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:AMSF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 405 61 2
2019-12-31 391 61 3
2018-12-31 379 69 3
NasdaqGS:AMSF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 378 99 53
2018-06-30 377 127 50
2018-03-31 372 120 49
2017-12-31 375 131 46
2017-09-30 379 134 65
2017-06-30 384 99 66
2017-03-31 392 108 67
2016-12-31 397 114 78
2016-09-30 401 113 82
2016-06-30 400 123 82
2016-03-31 402 91 80
2015-12-31 402 93 70

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Amerisafe's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Amerisafe's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:AMSF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Amerisafe Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AMSF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.18 3.40 2.95 2.00
2019-12-31 3.17 3.40 3.00 3.00
2018-12-31 3.65 3.65 3.65 1.00
NasdaqGS:AMSF Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 2.79
2018-06-30 2.62
2018-03-31 2.55
2017-12-31 2.41
2017-09-30 3.37
2017-06-30 3.45
2017-03-31 3.51
2016-12-31 4.08
2016-09-30 4.29
2016-06-30 4.30
2016-03-31 4.19
2015-12-31 3.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Amerisafe is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Amerisafe's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Amerisafe has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AMSF Past Performance

  How has Amerisafe performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Amerisafe's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Amerisafe's year on year earnings growth rate has been positive over the past 5 years.
  • Amerisafe's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Amerisafe's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
Amerisafe's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Amerisafe Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AMSF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 378.02 53.48 26.02
2018-06-30 377.30 50.35 25.87
2018-03-31 371.84 48.88 25.75
2017-12-31 375.21 46.23 26.13
2017-09-30 378.83 64.66 26.08
2017-06-30 384.23 65.97 26.34
2017-03-31 391.87 67.13 26.11
2016-12-31 396.66 77.87 25.58
2016-09-30 400.53 81.87 25.48
2016-06-30 399.79 81.91 25.46
2016-03-31 402.17 79.59 25.03
2015-12-31 401.62 70.46 25.14
2015-09-30 404.08 64.25 25.00
2015-06-30 408.95 59.79 24.90
2015-03-31 409.63 58.25 24.19
2014-12-31 404.02 53.67 25.02
2014-09-30 393.44 54.18 24.48
2014-06-30 379.11 50.36 23.96
2014-03-31 366.00 45.21 24.44
2013-12-31 356.34 43.50 23.36
2013-09-30 347.61 35.34 23.13
2013-06-30 339.98 32.78 22.43
2013-03-31 329.11 28.61 21.80
2012-12-31 321.25 29.33 21.24
2012-09-30 310.58 28.19 20.69
2012-06-30 301.94 25.96 20.55
2012-03-31 292.36 27.11 20.36
2011-12-31 280.66 24.17 20.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Amerisafe has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Amerisafe used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • Amerisafe's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Amerisafe's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Amerisafe has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AMSF Health

 How is Amerisafe's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Amerisafe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amerisafe is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Amerisafe's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Amerisafe's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Amerisafe has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Amerisafe Company Filings, last reported 2 months ago.

NasdaqGS:AMSF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 459.00 0.00 138.22
2018-06-30 445.39 0.00 127.99
2018-03-31 432.07 0.00 80.78
2017-12-31 425.42 0.15 81.33
2017-09-30 494.95 0.00 149.90
2017-06-30 481.39 0.00 100.60
2017-03-31 467.10 0.00 72.16
2016-12-31 456.15 0.00 88.52
2016-09-30 509.74 0.00 98.11
2016-06-30 495.95 0.00 87.32
2016-03-31 478.75 0.00 91.00
2015-12-31 453.98 0.00 77.20
2015-09-30 490.58 0.00 106.96
2015-06-30 472.80 0.00 68.42
2015-03-31 461.65 0.00 91.92
2014-12-31 446.97 0.00 124.64
2014-09-30 448.48 0.00 160.96
2014-06-30 435.48 0.00 184.62
2014-03-31 420.58 0.00 191.89
2013-12-31 416.81 0.00 207.50
2013-09-30 400.71 0.00 202.91
2013-06-30 392.52 0.00 165.36
2013-03-31 389.70 0.00 149.71
2012-12-31 381.22 0.00 161.60
2012-09-30 372.14 0.00 120.69
2012-06-30 363.45 12.89 120.60
2012-03-31 359.05 25.78 113.26
2011-12-31 349.44 25.78 92.48
  • Amerisafe has no debt.
  • Amerisafe had no debt 5 years ago.
  • Amerisafe has no debt, it does not need to be covered by operating cash flow.
  • Amerisafe has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Amerisafe's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Amerisafe has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AMSF Dividends

 What is Amerisafe's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.48%
Current annual income from Amerisafe dividends. Estimated to be 5.54% next year.
If you bought $2,000 of Amerisafe shares you are expected to receive $150 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Amerisafe's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).
  • Amerisafe's dividend is above the markets top 25% of dividend payers in United States of America (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:AMSF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 81 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1983 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:AMSF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 2.71 2.00
2019-12-31 2.85 3.00
2018-12-31 4.38 2.00
NasdaqGS:AMSF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-24 4.380 6.833
2018-04-25 4.380 7.151
2018-02-26 4.380 7.918
2017-10-27 4.300 6.916
2017-10-25 4.300 6.899
2017-07-28 4.050 7.120
2017-07-27 4.050 6.939
2017-04-28 4.050 7.372
2017-04-26 4.050 6.699
2017-02-24 4.050 6.306
2017-02-22 4.050 6.088
2016-10-27 3.970 6.349
2016-10-26 3.970 7.100
2016-07-29 3.720 6.367
2016-07-28 3.720 6.193
2016-04-29 3.720 6.198
2016-04-27 3.720 6.986
2016-02-26 3.720 7.226
2016-02-24 3.720 7.112
2015-10-29 3.600 7.033
2015-07-30 0.600 1.207
2015-04-30 0.600 1.316
2015-03-02 0.600 1.370
2015-02-27 0.600 1.444
2015-02-26 0.600 1.417
2014-10-30 0.480 1.138
2014-07-30 0.480 1.239
2014-04-30 0.480 1.235
2014-02-28 0.480 1.121
2014-02-26 0.480 1.137
2013-08-19 0.320 0.830
2013-05-01 0.320 0.932
2013-02-27 0.320 0.945

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Amerisafe has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Amerisafe only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Amerisafe's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Amerisafe's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Amerisafe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amerisafe has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AMSF Management

 What is the CEO of Amerisafe's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gerry Frost
COMPENSATION $1,869,102
AGE 47
TENURE AS CEO 3.7 years
CEO Bio

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 Director of the company since April 2016. Prior to becoming Chief Executive Officer, Ms. Frost served as Chief Operating Officer of the company from May 2013 to April 2015. She served as Executive Vice President and Chief Financial Officer from November 2008 to April 2013, Controller from May 2004 to November 2008 and Vice President of the Company from May 2006 to November 2008. She has been employed with the Company since 1992 and served as Assistant Vice President from May 2004 to May 2006 and Deputy Controller from 1998 to April 2004. She served as President and Chief Executive Officer at Silver Oak Casualty, Inc. Ms. Frost serves as a Director of New Orleans Branch of Federal Reserve Bank of Atlanta.

CEO Compensation
  • Gerry's compensation has been consistent with company performance over the past year.
  • Gerry's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Amerisafe management team in years:

7.9
Average Tenure
49.5
Average Age
  • The average tenure for the Amerisafe management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gerry Frost

TITLE
President
COMPENSATION
$2M
AGE
47
TENURE
3.7 yrs

Neal Fuller

TITLE
Executive VP & CFO
COMPENSATION
$873K
AGE
56
TENURE
3.3 yrs

Kathryn Shirley

TITLE
Executive VP
COMPENSATION
$560K
AGE
52
TENURE
6.6 yrs

Vince Gagliano

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$646K
AGE
45
TENURE
9.3 yrs

Brendan Gau

TITLE
Executive VP & CIO
COMPENSATION
$493K
AGE
43
TENURE
9.5 yrs

David Morton

TITLE
Senior Vice President of Sales and Marketing
AGE
47
TENURE
3.7 yrs

Henry Lestage

TITLE
Senior Vice President of Claims Operations
AGE
57
TENURE
18.3 yrs

Leon Lagneaux

TITLE
Senior Vice President of Safety Operations
AGE
66
TENURE
13.8 yrs

Kelly Goins

TITLE
Senior Vice President of Underwriting Operations
AGE
52
TENURE
13.8 yrs

Barbra McCrary

TITLE
Senior Vice President of Policyholder Services
AGE
43
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Amerisafe board of directors in years:

6.5
Average Tenure
63.5
Average Age
  • The tenure for the Amerisafe board of directors is about average.
Board of Directors

Jared Morris

TITLE
Chairman of the Board
COMPENSATION
$161K
AGE
43
TENURE
2.7 yrs

Gerry Frost

TITLE
President
COMPENSATION
$2M
AGE
47
TENURE
2.7 yrs

Millard Morris

TITLE
Director
COMPENSATION
$107K
AGE
74
TENURE
11.5 yrs

Randy Roach

TITLE
Director
COMPENSATION
$116K
AGE
67
TENURE
11.8 yrs

Phil Garcia

TITLE
Director
COMPENSATION
$126K
AGE
62
TENURE
8.9 yrs

Michael Brown

TITLE
Director
COMPENSATION
$116K
AGE
54
TENURE
4.1 yrs

Daniel Phillips

TITLE
Director
COMPENSATION
$105K
AGE
72
TENURE
11.5 yrs

Teri Fontenot

TITLE
Director
COMPENSATION
$110K
AGE
65
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
31. Aug 18 Sell Randall Roach Individual 29. Aug 18 29. Aug 18 -800 $63.50 $-50,800
X
Management checks
We assess Amerisafe's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Amerisafe has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AMSF News

External News
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Simply Wall St News

Don't Sell Amerisafe Inc (NASDAQ:AMSF) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Amerisafe Inc's (NASDAQ:AMSF) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Did Amerisafe Inc (NASDAQ:AMSF) Use Debt To Deliver Its ROE Of 12%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Amerisafe Inc's (NASDAQ:AMSF) Earnings Dropped -17%, Did Its Industry Show Weakness Too?

In this article, I will take a look at Amerisafe Inc's (NASDAQ:AMSF) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Did AMSF perform worse than its track record and industry. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 4.4%, indicating the rate at which AMSF is growing has slowed down

Simply Wall St -

What Does Amerisafe Inc's (NASDAQ:AMSF) Share Price Indicate?

Amerisafe Inc (NASDAQ:AMSF), a insurance company based in United States,. … saw a decent share price growth in the teens level on the NasdaqGS over the last few months. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?

Simply Wall St -

What Is The Future Prospect For Financials And Amerisafe Inc (NASDAQ:AMSF)?

is an insurance company operating in an industry, … which is a large constituent of the economy by virtue of the amount of premiums it collects, the scale of its investment and the role it plays by covering personal and business risks … Lean operation has become crucial as insurance firms are faced with an environment that is evolving considerably

Simply Wall St -

Is Amerisafe Inc's (NASDAQ:AMSF) 11.31% ROE Strong Compared To Its Industry?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Amerisafe Inc (NASDAQ:AMSF)’s return fundamentals and stock market performance. … Amerisafe Inc (NASDAQ:AMSF) delivered an ROE of 11.31% over the past 12 months, which is relatively in-line with its industry average of 9.42% during the same period.

Simply Wall St -

Interested In Amerisafe Inc (NASDAQ:AMSF)? Here's How It Performed Recently

Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. … In this article, I will take a look at Amerisafe Inc's (NASDAQ:AMSF) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Was AMSF weak performance lately part of a long-term decline.

Simply Wall St -

How Does Amerisafe Inc (NASDAQ:AMSF) Fare As A Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Over the past 5 years, Amerisafe Inc (NASDAQ:AMSF) has returned an average of 5.00% per year to shareholders in terms of dividend yield. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

Interested In Amerisafe Inc (NASDAQ:AMSF)’s Upcoming $0.22 Dividend? You Have 3 Days Left

Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … See our latest analysis for Amerisafe Here's how I find good dividend stocks When researching a dividend stock, I always follow the following screening criteria: Is its annual yield among the top 25% of dividend-paying companies? … Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward.

Simply Wall St -

Is Amerisafe Inc (NASDAQ:AMSF) A Great Dividend Stock?

See our latest analysis for Amerisafe How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it the top 25% annual dividend yield payer? … In terms of its peers, Amerisafe has a yield of 1.56%, which is on the low-side for Insurance stocks.Next Steps: Whilst there are few things you may like about Amerisafe from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor. … But if you are not exclusively a dividend investor, the stock could still be an interesting investment opportunity.

Simply Wall St -

AMSF Company Info

Map
Description

AMERISAFE, Inc., an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies. AMERISAFE, Inc. was incorporated in 1985 and is based in DeRidder, Louisiana.

Details
Name: Amerisafe, Inc.
AMSF
Exchange: NasdaqGS
Founded: 1985
$1,160,855,347
19,260,915
Website: http://www.amerisafe.com
Address: Amerisafe, Inc.
2301 Highway 190 West,
DeRidder,
Louisiana, 70634,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AMSF Voting Common Stock Nasdaq Global Select US USD 18. Nov 2005
DB A3I Voting Common Stock Deutsche Boerse AG DE EUR 18. Nov 2005
Number of employees
Current staff
Staff numbers
437
Amerisafe employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/17 23:55
End of day share price update: 2018/12/17 00:00
Last estimates confirmation: 2018/10/26
Last earnings filing: 2018/10/26
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.