AMSF
AMERISAFE Inc
NASDAQ: AMSF · FINANCIAL SERVICES · INSURANCE - SPECIALTY
$30.30
-1.24% today
Updated 2026-04-30
Market cap
$567.47M
P/E ratio
12.49
P/S ratio
1.75x
EPS (TTM)
$2.43
Dividend yield
5.08%
52W range
$29 – $48
Volume
0.2M
AMERISAFE Inc (AMSF) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332.72M | $338.32M | $302.38M | $282.21M | $248.16M | $280.66M | $321.25M | $356.33M | $404.02M | $401.62M | $396.66M | $375.21M | $377.75M | $370.37M | $339.50M | $316.01M | $294.69M | $306.91M | $309.11M | $317.25M |
| Revenue growth (YoY) | — | +1.7% | -10.6% | -6.7% | -12.1% | +13.1% | +14.5% | +10.9% | +13.4% | -0.6% | -1.2% | -5.4% | +0.7% | -2.0% | -8.3% | -6.9% | -6.7% | +4.1% | +0.7% | +2.6% |
| Cost of revenue | $52.26M | $224.80M | $35.34M | $163.32M | $173.74M | $208.21M | $242.05M | $39.29M | $272.79M | $242.08M | $225.27M | $234.14M | $231.05M | $201.35M | $48.76M | $160.80M | $152.32M | $148.26M | $181.02M | $169.94M |
| Gross profit | $280.46M | $113.52M | $267.03M | $118.89M | $74.42M | $72.45M | $79.20M | $317.05M | $131.23M | $159.54M | $171.39M | $141.07M | $146.70M | $169.02M | $339.50M | $155.22M | $142.38M | $306.91M | $128.09M | $147.31M |
| Gross margin | 84.3% | 33.6% | 88.3% | 42.1% | 30.0% | 25.8% | 24.7% | 89.0% | 32.5% | 39.7% | 43.2% | 37.6% | 38.8% | 45.6% | 100.0% | 49.1% | 48.3% | 100.0% | 41.4% | 46.4% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $17.23M | $18.90M | $20.41M | $21.45M | $21.41M | $19.91M | $20.84M | $22.86M | $24.52M | $24.44M | $24.88M | $25.63M | $25.99M | $27.12M | $27.93M | $25.95M | $26.51M | $27.36M | $31.50M | $33.26M |
| Operating income | $52.45M | $71.09M | $83.85M | $62.36M | $44.22M | $27.36M | $37.14M | $59.20M | $73.75M | $100.97M | $112.82M | $82.24M | $87.58M | $115.52M | $106.92M | $79.45M | $67.65M | $77.38M | $69.06M | $58.85M |
| Operating margin | 15.8% | 21.0% | 27.7% | 22.1% | 17.8% | 9.7% | 11.6% | 16.6% | 18.3% | 25.1% | 28.4% | 21.9% | 23.2% | 31.2% | 31.5% | 25.1% | 23.0% | 25.2% | 22.3% | 18.6% |
| EBITDA | $60.17M | $76.37M | $67.74M | $65.33M | $46.80M | $29.68M | $38.82M | $60.50M | $75.05M | $102.31M | $114.00M | $83.22M | $88.58M | $116.46M | $106.92M | $80.47M | $68.95M | $78.80M | $70.15M | $59.59M |
| EBITDA margin | 18.1% | 22.6% | 22.4% | 23.2% | 18.9% | 10.6% | 12.1% | 17.0% | 18.6% | 25.5% | 28.7% | 22.2% | 23.4% | 31.4% | 31.5% | 25.5% | 23.4% | 25.7% | 22.7% | 18.8% |
| EBIT | $55.94M | $74.64M | $66.55M | $64.17M | $45.77M | $28.67M | $37.71M | $59.20M | $73.75M | $100.97M | $112.82M | $82.24M | $87.58M | $115.52M | $106.92M | $79.45M | $67.65M | $77.38M | $69.06M | $58.85M |
| Interest expense | $3.50M | $3.54M | $2.46M | $1.81M | $1.55M | $1.31M | $566000.00 | $566000.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $37.36M | $50.22M | $43.85M | $46.43M | $34.52M | $24.18M | $29.35M | $43.64M | $53.67M | $70.46M | $77.86M | $46.23M | $71.63M | $92.69M | $86.60M | $65.76M | $55.60M | $62.11M | $55.44M | $47.15M |
| Net income growth (YoY) | — | +34.4% | -12.7% | +5.9% | -25.7% | -30.0% | +21.4% | +48.7% | +23.0% | +31.3% | +10.5% | -40.6% | +54.9% | +29.4% | -6.6% | -24.1% | -15.4% | +11.7% | -10.7% | -15.0% |
| Profit margin | 11.2% | 14.8% | 14.5% | 16.5% | 13.9% | 8.6% | 9.1% | 12.2% | 13.3% | 17.5% | 19.6% | 12.3% | 19.0% | 25.0% | 25.5% | 20.8% | 18.9% | 20.2% | 17.9% | 14.9% |