Business
AMERISAFE Announces 2021 Fourth Quarter and Year-end Results
Increases loss ratio as result of catastrophic claim Reports $65.8 Million of Net Income and Return on Equity of 15.7% in 2021 Increases quarterly dividend
About this update from Amerisafe, Inc.
[{"type":"text","content":"\nIncreases loss ratio as result of catastrophic claim\nReports $65.8 Million of Net Income and Return on Equity of 15.7% in 2021\nIncreases quarterly dividend by 6.9%\n\n DERIDDER, La.--(BUSINESS WIRE)--\nAMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced results for the fourth quarter and year ended December 31, 2021.\n\n\n\n\nThree Months Ended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nTwelve Months Ended\n\n\n\n \n\n\n\n \n\n\n\n\n\n\nDecember 31,\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nDecember 31,\n\n\n\n \n\n\n\n \n\n\n\n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n% Change\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2020\n\n\n\n \n\n\n\n% Change\n\n\n\n\n\n(in thousands, except per share data)\n\n\n\n(in thousands, except per share data)\n\n\n\n\nNet premiums earned\n\n$\n\n\n\n67,733\n\n\n\n \n\n\n\n\n$\n\n\n\n74,702\n\n\n\n \n\n\n\n\n-9.3\n\n\n\n%\n\n\n\n\n$\n\n\n\n275,993\n\n\n\n \n\n\n\n\n$\n\n\n\n304,427\n\n\n\n \n\n\n\n\n-9.3\n\n\n\n%\n\n\n\n\nNet investment income\n\n \n\n\n\n6,073\n\n\n\n \n\n\n\n\n \n\n\n\n7,228\n\n\n\n \n\n\n\n\n-16.0\n\n\n\n%\n\n\n\n\n \n\n\n\n25,435\n\n\n\n \n\n\n\n\n \n\n\n\n29,364\n\n\n\n \n\n\n\n\n-13.4\n\n\n\n%\n\n\n\n\nNet realized gains (losses) on investments (pretax)\n\n \n\n\n\n205\n\n\n\n \n\n\n\n\n \n\n\n\n(332\n\n\n\n)\n\n\n\n\nNM\n\n\n\n \n\n\n\n\n \n\n\n\n1,695\n\n\n\n \n\n\n\n\n \n\n\n\n1,132\n\n\n\n \n\n\n\n\nNM\n\n\n\n \n\n\n\n\nNet unrealized gains on equity securities (pre-tax)\n\n \n\n\n\n4,289\n\n\n\n \n\n\n\n\n \n\n\n\n6,553\n\n\n\n \n\n\n\n\nNM\n\n\n\n \n\n\n\n\n \n\n\n\n12,315\n\n\n\n \n\n\n\n\n \n\n\n\n4,204\n\n\n\n \n\n\n\n\nNM\n\n\n\n \n\n\n\n\nNet income\n\n \n\n\n\n3,541\n\n\n\n \n\n\n\n\n \n\n\n\n28,501\n\n\n\n \n\n\n\n\n-87.6\n\n\n\n%\n\n\n\n\n \n\n\n\n65,756\n\n\n\n \n\n\n\n\n \n\n\n\n86,602\n\n\n\n \n\n\n\n\n-24.1\n\n\n\n%\n\n\n\n\nDiluted earnings per share\n\n$\n\n\n\n0.18\n\n\n\n \n\n\n\n\n$\n\n\n\n1.47\n\n\n\n \n\n\n\n\n-87.8\n\n\n\n%\n\n\n\n\n$\n\n\n\n3.39\n\n\n\n \n\n\n\n\n$\n\n\n\n4.47\n\n\n\n \n\n\n\n\n-24.2\n\n\n\n%\n\n\n\n\nOperating net income\n\n \n\n\n\n(9\n\n\n\n)\n\n\n\n\n \n\n\n\n23,586\n\n\n\n \n\n\n\n\n-100.0\n\n\n\n%\n\n\n\n\n \n\n\n\n54,688\n\n\n\n \n\n\n\n\n \n\n\n\n82,387\n\n\n\n \n\n\n\n\n-33.6\n\n\n\n%\n\n\n\n\nOperating earnings per share\n\n$\n\n\n\n-\n\n\n\n \n\n\n...