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NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP

Amerisafe Inc. AMSF

17 fiscal years on record · USD · FY2025 reported · SEC filings only
12 YEARS OF DIVIDEND GROWTH
$317.3M
▲ 2.7% YoY
$47.1M
▼ 15.0% YoY
$8.9M
▼ 61.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

AMERISAFE, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, services, manufacturing, and maritime. The company markets its insurance in 27 states and is licensed in an additional 20 states, the District of Columbia and the U.S. Virgin Islands. As of December 31, 2025, the company had more than 10,200 voluntary business policyholders, and its ten largest voluntary business policyholders accounted for 2.1% of its in-force premiums. The company conducts business through three insurance subsidiaries: American Interstate Insurance Company and Silver Oak Casualty, Inc., both domiciled in Nebraska, and American Interstate Insurance Company of Texas, domiciled in Texas. AMERISAFE is an insurance holding company incorporated in Texas in 1985, and it began operations in 1986 by focusing on workers' compensation insurance for logging contractors in the southeast U.S.

Written from the business description in AMERISAFE, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 317.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 317.3 · Net income 47.1
150M300M
2009201220152018202120242025
Compound annual growth
+2.5%
−1.3%
−2.3%
+1.7%
−5.4%
−11.5%
−3.9%
+2.1%
−5.0%
−11.2%
−3.9%
+2.1%
+8.0%
+7.6%
+10.0%
−24.5%
−11.3%
−3.4%
+10.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 18.6% · Net 14.9%
10%20%30%
200920172025
ROE
FY2025 · ROE 18.5%
10%20%
200920172025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders

USD 48.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 8.9
50M100M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 48.6 · Net buybacks ·
50M100MDividendsNet buybacks
201020122014201620182020202220242025

USD 48.6M in dividends — 103% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 1.1B
EquityUSD 251.6M
CashUSD 61.9M

Equity funds 22% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
AMSF, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.30.30.30.30.30.40.40.40.40.40.40.40.30.30.20.3
Operating income $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.00.0◌◌
EBITDA $B0.10.10.10.10.10.10.10.10.10.10.10.10.1◌◌◌◌
Income tax $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.10.10.10.10.10.10.10.00.10.10.10.00.00.00.00.0
Free cash flow $B0.00.00.00.00.00.10.10.10.10.10.10.10.10.10.00.00.0
EPS, diluted $2.472.893.232.883.394.474.803.712.404.053.692.842.321.581.291.812.28
Dividend / sh $1.561.481.361.241.161.081.000.880.800.720.600.480.32◌◌◌◌
Payout %103154150181152103941181799897691472132——
ROE %18.520.220.415.515.719.922.117.210.517.115.612.410.98.07.110.916.9
Shares out B0.020.020.020.020.020.020.020.020.020.020.020.020.020.000.000.02◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 51 reconciliationsAUDITED

Reconciled in 16 of the 17 fiscal years we could check. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures1 divergent
ActivityFire, Marine & Casualty Insurance
Listed onNASDAQ
Incorporated inTexas
Fiscal year endsDecember 31
Data on record since2008

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