AMERISAFE
Provides workers' compensation coverage for hazardous small and mid-sized employers.
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Profile
Sells workers' compensation policies through independent agencies, focused on hazardous small and mid-sized U.S. employers. A single Insurance Operations segment combines underwriting, safety services, premium audit, and in-house claims management.
Provides workers' compensation insurance for small and mid-sized employers in hazardous industries such as construction, trucking, logging, agriculture, manufacturing, services, and maritime. The business is concentrated in the United States and actively marketed across 27 states.
Operates through one Insurance Operations segment, with premium revenue sourced mainly through independent agencies and Amerisafe General Agency. Underwriting, safety reviews, premium audit, payment plans, and claims handling are part of the policy relationship.
Execution depends on agency distribution, state workers' compensation regulation, target-industry payroll activity, claims frequency and severity, reinsurance conditions, and rating-agency actions.
Company facts
Categories
Key statistics
Year to date −30.2% · Average volume (30d) 364.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 23, 2026 | Truist Financial | Target | $34 | $32 | |
| Apr 23, 2026 | Truist Financial | Target | $34 | ||
| Jan 16, 2026 | Morgan Stanley | Target | $55 | ||
| Oct 14, 2025 | JMP Securities | Reiterate | Market Outperform | $60 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $0.52 | $0.44 | −14.9% | $85.1M | $86.0M | +1.0% | −8.33% |
| Apr 22, 2026Q1 FY26 | $0.52 | $0.50 | −3.8% | $90.5M | $88.5M | −2.2% | +3.77% |
| Feb 25, 2026Q4 FY25 | $0.57 | $0.51 | −10.5% | $67.1M | $70.1M | +4.4% | −8.84% |
| Oct 29, 2025Q3 FY25 | $0.55 | $0.55 | 0.0% | $80.1M | $82.0M | +2.4% | +0.53% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $72.6M | $81.1M | $82.0M | $81.6M | $80.1M | $92.0M | |
| Gross profit | $26.4M | $34.2M | $34.1M | $52.6M | $33.7M | −$33.7M | |
| Operating income | $11.2M | $17.5M | $17.5M | $12.7M | $10.2M | −$10.2M | |
| Net income | $8.9M | $14.0M | $13.8M | $10.4M | $8.1M | $14.6M | |
| Diluted EPS | $0.47 | $0.73 | $0.72 | $0.55 | $0.43 | $0.78 | |
| Gross margin | 36.4% | 42.2% | 41.6% | 64.5% | 42.0% | -36.6% | |
| Operating margin | 15.5% | 21.5% | 21.3% | 15.6% | 12.7% | -11.0% |
Fiscal years (4-quarter sums)FY21 $316.0M · FY22 $294.7M · FY23 $306.9M · FY24 $309.1M · FY25 $317.3M
Balance sheet, Jun 30, 2026Cash & short-term investments $65.5M · Total debt $0 · Total assets $1.13B · Shareholders' equity $250.0M
Dividends
Raised for 10 straight years — most recently to $0.41 from $0.39 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 19 | $0.41 | |
| Mar 13, 2026 | Mar 13 | Mar 20 | $0.41 | raised from $0.39 |
| Dec 5, 2025 | Dec 5 | Dec 12 | $1.39 | special dividend |
| Sep 12, 2025 | Sep 12 | Sep 26 | $0.39 | |
| Jun 13, 2025 | Jun 13 | Jun 20 | $0.39 | |
| Mar 7, 2025 | Mar 7 | Mar 21 | $0.39 | raised from $0.37 |
| Dec 6, 2024 | Dec 6 | Dec 13 | $3.37 | special dividend |
| Sep 6, 2024 | Sep 6 | Sep 20 | $0.37 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 18.70M · Float 18.16M · 97.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.61M | 19.31% | 13F | Aug 7, 2026 |
| Neuberger Berman Group LLC | 1.28M | 6.83% | 13F | Aug 13, 2026 |
| Goldman Sachs Asset Management, L.P. | 1.07M | 5.80% | 13G | Aug 13, 2026 |
| State Street Corp | 824.2K | 4.41% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 822.7K | 4.40% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 20, 2025 | Anastasios Omiridis | officer: EVP-CFO | −1,247 | $40.21 |
| Nov 7, 2025 | Anastasios Omiridis | officer: EVP-CFO | −1,235 | $40.74 |
Peers
- Employers
Specialist workers' compensation carrier for smaller employers
- Travelers
Large commercial P&C carrier with major workers' comp scale
- The Hartford
Small-commercial leader with large workers' comp premiums
- American Financial Group
Great American specialty P&C overlaps in comp and trucking
- Old Republic International
Specialty insurer with workers' comp and trucking exposure
- W. R. Berkley
Specialty commercial insurer with comp and high-hazard niches
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| AMERISAFE | $26.25 | +0.11% | $491.0M | 10.6 | 13.6 | 1.5 | +6.0% |
| Employers | $49.17 | −0.08% | $1.02B | 72.3 | 20.3 | 1.2 | −10.6% |
| Travelers | $372.15 | +0.62% | $77.15B | 9.9 | 12.4 | 1.6 | −4.8% |
| The Hartford | $137.85 | −0.49% | $37.98B | 9.0 | 10.6 | 1.3 | +4.0% |
| American Financial Group | $143.62 | +0.05% | $11.93B | 12.5 | 11.4 | 1.5 | −0.5% |
| Old Republic International | $42.07 | 0.00% | $10.25B | 9.2 | 13.1 | 1.1 | +13.4% |
| W. R. Berkley | $70.65 | +3.20% | $25.48B | 14.1 | 14.5 | 1.4 | +1.2% |
| Median | 11.2 | 12.8 | 1.4 | +0.4% |