Amerisafe Q1 adjusted EPS misses estimates

Amerisafe

22/04/2026 13:40

Overview

US workers' comp insurer's Q1 gross premiums written rose 5.6% yr/yr

Adjusted EPS for Q1 missed analyst expectations, operating EPS fell 16.7% yr/yr

Company repurchased 119,959 shares for $4 mln under its share buyback program

Outlook

Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

VOLUNTARY PREMIUM GROWTH - Co said voluntary premiums on policies written grew 8.2% yr/yr, driven by strong new business production and solid premium and policy retention

LOWER PAYROLL AUDIT CONTRIBUTION - Payroll audits and related premium adjustments contributed $3.7 mln to premiums written, down from $5.0 mln in the prior-year quarter

FAVORABLE CASE RESERVE DEVELOPMENT - Loss and loss adjustment expenses were reduced by $7.6 mln in the quarter due to favorable case reserve development on accident years 2023 and prior

Company press release: ID:nBw8wpB9ta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Premiums
$88.50 mln
Q1 Adjusted EPS
Miss
$0.50
$0.54 (3 Analysts)
Q1 EPS
$0.43
Q1 Net Income
$8.15 mln
Q1 Combined Ratio
93.20%
Q1 Underwriting Profit
$5.13 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Amerisafe Inc is $36.00, about 8.6% above its April 21 closing price of $33.15

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)