Amerisafe Q3 operating EPS falls on higher expenses, competitive workers' compensation market

Amerisafe

28/10/2026 20:16

Overview
Workers' comp insurer's Q3 net premiums earned rose 3.0% yr/yr
Operating  EPS for Q3 was $0.40
Company cites higher expenses, competitive market and softer audit premium for Q3 results

Outlook
Amerisafe says workers’ compensation market remains increasingly competitive
Company remains focused on sustaining new business momentum and underwriting discipline

Result Drivers
HIGHER EXPENSES - Co said increased insurance-related assessments, compensation costs and commission expense raised underwriting expense ratio
COMPETITIVE MARKET - CEO said results reflected an increasingly competitive workers’ compensation market
SOFTER AUDIT PREMIUM - Co said payroll audits and related premium adjustments decreased premiums written by $1.6 mln in Q3 2026, compared with an increase of $2.5 mln in Q3 2025

Company press release: ID:nBwc3MzLJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Premiums
 
$76.67 mln
 
Q3 Operating EPS
 
$0.40
Q3 EPS
 
$0.39
 
Q3 Net Income
 
$7.20 mln
 
Q3 Combined Ratio
 
96.50%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "hold"
Wall Street's median 12-month price target for Amerisafe Inc is $36.21, about 42.2% above its October 27 closing price of $25.46
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago

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Oct 26 - Hartford Insurance Q3 core EPS beats estimates; dividend raised
Oct 26 - Cincinnati Financial Q3 adj EPS beats estimates

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(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.)