analyzeportfolio
Nasdaq · Financials

AMERISAFE INC (AMSF)

As-reported financials and SEC filings for AMERISAFE INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AMERISAFE INC

AMERISAFE Inc provides workers' compensation insurance primarily to small and mid-sized employers in hazardous industries such as construction, trucking, logging, agriculture, manufacturing, and maritime. The company offers coverage that complies with state and federal workers' compensation laws, covering benefits for injured employees including disability, death, and medical expenses. AMERISAFE also delivers safety services, claims management, and premium audit services to help reduce workplace injuries and manage insurance costs.

Snapshot

Revenue
$317.3M
Revenue growth (YoY)
2.7%
Net income
$47.1M
Diluted EPS
$2.47
Gross margin
Operating margin
Net margin
14.9%
FCF margin
2.8%
ROE
18.7%
net income / fiscal-year-end equity
P/E
10.5×
trailing when available, otherwise FY EPS
Market cap
$484.5M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Amerisafe

  • Revenue grew 2.7% to $317M in FY2025, in line with the 0.7% the year before.
  • Most recent quarter Q2 FY2026: revenue $92M, up 13.4% from Q2 FY2025.
  • Free cash flow was $9M in FY2025, 2.8% of revenue.
  • Net income fell 15.0% to $47M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Amerisafe’s fundamentals sit among the 88 insurance companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin14.9%
65th percentile of 82
FCF margin2.8%
22nd percentile of 55
Revenue growth (YoY)+2.7%
23rd percentile of 88
ROE18.7%
69th percentile of 73
P/E10.5×
45th percentile of 72
Short interest1.43d
15th percentile of 87

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+7 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$56.6M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$21.1M623.5KAdded
Citadel AdvisorsquantQ2 2026$12.7M376.3KAdded
AQR Capital ManagementquantQ2 2026$12.5M370.3KAdded
Renaissance TechnologiesquantQ2 2026$7.3M215.4KReduced
Millennium ManagementquantQ2 2026$1.7M49.5KReduced
Point72 Asset ManagementquantQ2 2026$948,12028.0KAdded
D. E. ShawquantQ2 2026$300,7498.9KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
685.5K
settled 2026-08-14
Change vs prior
-15.0%
vs previous settlement
Days to cover
1.43
at avg daily volume
Avg daily volume
479.5K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14685.5K-15.0%1.43
2026-07-31806.6K-3.5%3.21
2026-07-15835.5K+2.2%4.67
2026-06-30817.3K+30.7%2.59
2026-06-15625.5K+38.7%2.57
2026-05-29450.9K+9.3%2.32
2026-05-15412.5K+30.3%1.77
2026-04-30316.7K+29.4%1.26

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$317.3M$309.0M$306.9M$294.7M$315.9M
Gross profit
Operating income
Net income$47.1M$55.4M$62.1M$55.6M$65.8M
Diluted EPS$2.47$2.89$3.23$2.88$3.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$61.9M$44.0M$38.7M$61.5M$70.7M
Current assets
Total assets$1.13B$1.16B$1.23B$1.27B$1.40B
Current liabilities
Long-term debt
Total liabilities$878.9M$900.5M$936.7M$951.8M$1.00B
Total equity$251.6M$257.3M$292.5M$317.4M$399.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$11.1M$24.2M$29.8M$28.2M$38.0M
Capital expenditure$2.1M$840,000$553,000$2.1M$1.3M
Free cash flow$8.9M$23.4M$29.3M$26.1M$36.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$92.0M13.4%$14.6M$0.78
Q1 FY2026$80.1M10.3%$8.1M$0.43
Q4 FY2025$81.6M10.2%$10.4M$0.55
Q3 FY2025$82.0M4.2%$13.8M$0.72
Q2 FY2025$81.1M6.9%$14.0M$0.73
Q1 FY2025$72.6M-9.8%$8.9M$0.47
Q4 FY2024$74.0M-7.6%$13.2M$0.69
Q3 FY2024$78.7M8.3%$14.3M$0.75

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorFinancials
SIC industryFire, Marine & Casualty Insurance
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2005
SEC CIK1018979

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-Q2026-07-23
View on EDGAR →
10-Q2026-04-23
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-06-12
View on EDGAR →
8-K2026-04-22
View on EDGAR →
8-K2026-04-16
View on EDGAR →

Largest insurance peers

All insurance stocksAll Financials companies →

Monitor AMSF

Get an alert when Amerisafe files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor AMSF free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.