AMERISAFE Announces 2022 Fourth Quarter and Year-End Results

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[{"type":"text","content":"\nReports $55.6 Million of Net Income, Return on Equity of 15.5% and Net Combined Ratio of 83.6% in 2022\n\n DERIDDER, La.--(BUSINESS WIRE)--\nAMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced results for the fourth quarter and year ended December 31, 2022.\n\n\n\n\nThree Months Ended\n\n\n\nTwelve Months Ended\n\n\n\n\n\n\nDecember 31,\n\n\n\nDecember 31,\n\n\n\n\n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n% Change\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n% Change\n\n\n\n\n(in thousands, except per share data)\n\n\n\n(in thousands, except per share data)\n\n\n\n\nNet premiums earned\n\n\n$\n\n\n\n66,073\n\n\n\n \n\n\n\n\n$\n\n\n\n67,733\n\n\n\n \n\n\n\n\n-2.5\n\n\n\n%\n\n\n\n\n$\n\n\n\n271,698\n\n\n\n \n\n\n\n\n$\n\n\n\n275,993\n\n\n\n \n\n\n\n\n-1.6\n\n\n\n%\n\n\n\n\nNet investment income\n\n\n \n\n\n\n7,642\n\n\n\n \n\n\n\n\n \n\n\n\n6,073\n\n\n\n \n\n\n\n\n25.8\n\n\n\n%\n\n\n\n\n \n\n\n\n27,223\n\n\n\n \n\n\n\n\n \n\n\n\n25,435\n\n\n\n \n\n\n\n\n7.0\n\n\n\n%\n\n\n\n\nNet realized gains on investments (pre-tax)\n\n\n \n\n\n\n1,038\n\n\n\n \n\n\n\n\n \n\n\n\n205\n\n\n\n \n\n\n\n\n406.3\n\n\n\n%\n\n\n\n\n \n\n\n\n3,440\n\n\n\n \n\n\n\n\n \n\n\n\n1,695\n\n\n\n \n\n\n\n\n102.9\n\n\n\n%\n\n\n\n\nNet unrealized gains (losses) on\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nequity securities (pre-tax)\n\n\n \n\n\n\n4,892\n\n\n\n \n\n\n\n\n \n\n\n\n4,289\n\n\n\n \n\n\n\n\nNM\n\n\n\n \n\n\n\n\n \n\n\n\n(8,092\n\n\n\n)\n\n\n\n\n \n\n\n\n12,315\n\n\n\n \n\n\n\n\nNM\n\n\n\n \n\n\n\n\nNet income\n\n\n \n\n\n\n20,778\n\n\n\n \n\n\n\n\n \n\n\n\n3,541\n\n\n\n \n\n\n\n\n486.8\n\n\n\n%\n\n\n\n\n \n\n\n\n55,602\n\n\n\n \n\n\n\n\n \n\n\n\n65,756\n\n\n\n \n\n\n\n\n-15.4\n\n\n\n%\n\n\n\n\nDiluted earnings per share\n\n\n$\n\n\n\n1.08\n\n\n\n \n\n\n\n\n$\n\n\n\n0.18\n\n\n\n \n\n\n\n\n500.0\n\n\n\n%\n\n\n\n\n$\n\n\n\n2.88\n\n\n\n \n\n\n\n\n$\n\n\n\n3.39\n\n\n\n \n\n\n\n\n-15.0\n\n\n\n%\n\n\n\n\nOperating net income (loss)\n\n\n \n\n\n\n16,093\n\n\n\n \n\n\n\n\n \n\n\n\n(9\n\n\n\n)\n\n\n\n\nNM\n\n\n\n \n\n\n\n\n \n\n\n\n59,277\n\n\n\n \n\n\n\n\n \n\n\n\n54,688\n\n\n\n \n\n\n\n\n8.4\n\n\n\n%\n\n\n\n\nOperating earnings per share\n\n\n$\n\n\n\n0.84\n\n\n\n \n\n\n\n\n$\n\n\n\n-\n\n\n\n \n\n\n\n\nNM\n\n\n\n \n\n\n\n\n$\n\n\n\n3.07\n...

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