AMERISAFE, Inc. (AMSF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the AmeriSafe fourth quarter 2024 earnings call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Ms. Catherine Shirley. Please go ahead, ma'am. Good morning. Welcome to AmeriSafe 2024 fourth quarter investor call. If you have not received the earnings release, it is available on our website at AmeriSafe.com. This call is being recorded. A replay of today's call will be available. Details on how to access the replay are in the earnings release. During this call, we will be making forward-looking statements. These statements are based on current expectations and assumptions that are subject to various risks and uncertainties. Actual results may differ materially from the results expressed or implied in these statements. If the underlying assumptions prove to be incorrect or as the results of risk, uncertainties, and other factors, including factors discussed in the earnings release, in the comments made during today's call, and in the risk factor section of our Form 10-K, Form 10-Qs, and other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statements. I will now turn the call over to Janelle Frost, AmeriSafe's President and CEO. Thank you, Catherine, and good morning, everyone. We are pleased to share AmeriSafe's results for both the fourth quarter and the full year of 2024. A key priority throughout the year has been top-line growth with consistent underwriting margin, which is reflected in our gross premiums-ridden increase of 3.9% for the fourth quarter and 3.1% for the full year. Voluntary premiums on policies written rose by 8.5% in the fourth quarter and 4.6% for the year compared to 2023, while our enforced policy count...