Operating as an insurance holding company, AMERISAFE, Inc. specializes in providing workers' compensation coverage across the United States. Its policies offer crucial ...
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$1.60 per share
$1.60 per share
Est. EPS $0.49 · Revenue $84.72M · 2 analysts
Est. EPS $0.50
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $317.3M | +2.6% | +14.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $47.1M | -15.0% | +79.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +46.4% | +12.1% | -187.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +18.6% | -17.0% | -187.1% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +14.9% | -17.1% | +56.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $8.9M | -61.8% | +165.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +2.8% | -62.8% | +157.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.0% | — | — |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.61x | +4.1% | -25.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.1B | -2.4% | +0.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 2.47 vs 2.39 | +3.4% | 0.78 vs 0.52 | +50.9% |
| Revenue Surprise | $317.3M vs $310.9M | +2.0% | $92.0M vs $85.1M | +8.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 1, 2026 | Wise Raymond F. Jr. | officer: EVP - CSO | Common stock | A | 4,257 | — |
| Aug 1, 2026 | Wise Raymond F. Jr. | officer: EVP - CSO | Restricted Stock Units | D | 4,257 | — |
| Aug 1, 2026 | Wise Raymond F. Jr. | officer: EVP - CSO | Common stock | D | 1,846 | $29.04 |
| Jun 10, 2026 | GARCIA PHILIP A | director | Common stock, par value $0.01 | A | 2,340 | — |
| Jun 10, 2026 | MORRIS JARED A | director | Common stock, par value $0.01 | A | 2,340 | — |
Operator : Good day and welcome to the AMERISAFE Second Quarter 2026 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Kathryn Shirley, Chief Administrative Officer. Please go ahead. Kathryn Shirley : Thank you, operator, and good morning, everyone. Welcome to the AMERISAFE 2026 Second Quarter Investor Call. If you have not received the earnings release, it is available on our website at amerisafe.com. This call is being recorded. A replay of today's call will be available. Details on how to access the replay are in the earnings release. During this call, we will be making forward-looking statements intended to fall within the safe harbor provided under the securities laws. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Actual results may differ materially from the results expressed or implied in these statements. If the underlying assumptions prove to be incorrect or as a result of risk, uncertainties, and other factors, including factors discussed in the earnings release, in the comments made during today's call and in the risk factors section of our Form 10-K, Form 10-Qs, and other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statement. I will now turn the call over to Janelle Frost, AMERISAFE's President and CEO. G. Frost : Thank you, Kathryn, and good morning, everyone. With me on the call today is Guillermo Ramos, our Chief Financial Officer; and Vincent Gagliano, our Chief Risk Officer. We appreciate your interest in AMERISAFE and look forward to discussing our second quarter 2026 results. The workers' compensation market remains profitable, but the industry continues to observe gradual softening environment. Rate reductions, increasing medical costs, moderating reserve redundancies, and heightened competition continue to pressure industry-wide results. Despite these dynamics, AMERISAFE's specialized underwriting expertise focused on high-hazard industries and disciplined pricing strategies continue to differentiate our results in the marketplace. The second quarter reflected a continued strength in our underlying business. We delivered our ninth consecutive quarter of premium growth, generated a return on average equity of 23.5%, and continue to grow policy count despite a highly competitive market. Net premiums earned increased 11.4% compared to the prior-year quarter, supported by strong renewal retention of over 93% growth in policy count and favorable audit premium activity. Gross premiums written increased 7.9%, while voluntary premiums on policies written in the quarter increased 5.7% year over prior year quarter. We were also encouraged by payroll audit activity during the quarter. Audit premiums and related adjustments contributed $4.1 million to premiums written, substantially above the prior year period. Payroll growth …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Gerry Janelle Frost | President, CEO, Principal Accounting & Financial Officer and Director | USD 1,473,053 | Female | 1971 | Active |
Vincent John Gagliano | Executive Vice President & Chief Risk Officer | USD 672,084 | Male | 1973 | Active |
Raymond Frederick Wise Jr. | Executive Vice President & Chief Sales Officer | USD 646,409 | Male | 1966 | Active |
Kathryn Housh Shirley | Executive Vice President, Chief Administrative Officer & Secretary | USD 567,646 | Female | 1966 | Active |
Guillermo Alberto Ramos | CFO & Executive VP | — | Male | — | Active |
Henry Oscar Lestage | Executive VP & Chief Claims Officer | — | Male | 1961 | Active |
James R. Fletcher | Senior Vice President of Risk Services | — | Male | 1982 | Active |
Michael Cobb | Senior Vice President of Safety Operations | — | Male | 1976 | Active |
Angela Walker Pearson | Senior Vice President & Controller | — | Female | 1973 | Active |
Nancy E. Hunt | Senior Vice President of Underwriting Operations | — | Female | 1970 | Active |
AMERISAFE (NASDAQ: AMSF) reported higher second-quarter premiums and continued policy growth, while executives said the workers' compensation insurer is navigating a profitable but increasingly competitive market marked by rate pressure and rising medical costs. On the company's second-quarter 2026 earnings call, President and CEO Janelle Frost said the workers' compensation market "remains profitable," but continues to
On July 22, 2026, AMERISAFE Inc (AMSF) shares fell 8.3% to a current price of $31.15. This decline comes amid a challenging performance period for the stock, wh
AMERISAFE, Inc. (AMSF) Q2 2026 Earnings Call Transcript
AMERISAFE NASDAQ: AMSF reported higher second-quarter premiums and continued policy growth, while executives said the workers' compensation insurer is navigating a profitable but increasingly competitive market marked by rate pressure and rising medical costs.
AMERISAFE grows Q2 revenues and premiums, but higher expenses, weaker underwriting margins and lower investment income weighed on earnings.
