Overview
Workers' compensation insurer's Q4 gross premiums rose 11.7% yr/yr
Company repurchased $8 mln worth of shares in Q4
Result Drivers
VOLUNTARY PREMIUMS - Growth in voluntary premiums driven by strong premium retention and consistent new business production
LOSS SEVERITY - Higher-than-anticipated loss severity increased accident year loss ratio to 72%
CLAIMS MANAGEMENT - Favorable reserve development attributed to proactive claims management
Company press release: ID:nBw7rsxFBa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Gross Premiums
$70.06 mln
Q4 Adjusted EPS
Miss
$0.51
$0.60 (2 Analysts)
Q4 EPS
$0.55
Q4 Net Income
$10.42 mln
Q4 Net Combined Ratio
93.60%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $50.00, about 34.2% above its February 24 closing price of $37.25
The stock recently traded at 16 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.)
