Amerisafe, inc. (AMSF)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Investments:
Fixed maturity securities—held-to-maturity, at amortized cost net of allowance for credit losses of $275 and $0 in 2020 and 2019, respectively, (fair value $631,688 and $621,343 in 2020 and 2019, respectively)

608

599

604

610

604

613

602

605

619

629

598

599

594

562

601

620

639

645

660

698

686

639

599

579

548

536

550

565

573

583

607

620

649

646

642

648

663

Fixed maturity securities—available-for-sale, at fair value (amortized cost $401,671, allowance for credit losses of $0 in 2020 and amortized cost $425,698, allowance for credit losses of $0 in 2019)

419

441

440

457

471

478

468

440

459

465

467

462

468

479

470

460

416

380

369

344

362

331

317

284

268

237

202

199

180

149

147

128

102

100

64

53

21

Equity securities, at fair value (cost $33,227 and $24,457 in 2020 and 2019, respectively)

27

27

25

24

21

18

14

13

11

9

7

5

2

0

0

0

0

0

0

0

0

0

3

3

3

9

12

13

15

6

7

8

4

12

14

1

1

Short-term investments

44

56

20

70

64

14

104

106

44

25

69

46

32

29

11

17

11

7

7

6

12

33

42

85

85

84

86

81

74

68

51

43

49

46

46

63

78

Other investments

-

-

-

-

-

-

-

-

-

-

1

7

8

13

12

10

11

12

11

11

11

11

11

11

10

10

10

-

-

-

-

-

-

-

-

-

-

Total investments

1,099

1,125

1,091

1,163

1,161

1,125

1,190

1,167

1,134

1,130

1,144

1,120

1,107

1,084

1,095

1,108

1,079

1,045

1,048

1,061

1,073

1,016

973

964

916

878

861

860

843

808

813

801

804

805

767

766

765

Cash and cash equivalents

79

43

125

51

34

40

33

21

36

55

80

53

39

58

86

70

79

69

99

61

79

90

118

98

106

123

116

83

75

92

69

76

63

45

68

62

60

Amounts recoverable from reinsurers (net of allowance for credit losses of $449 and $0 in 2020 and 2019, respectively)

105

95

102

103

111

112

109

98

94

90

84

84

82

83

102

94

92

91

91

90

87

85

89

85

78

75

77

103

99

101

98

98

99

96

94

94

95

Premiums receivable (net of allowance for credit losses of $5,050 and $5,112 in 2020 and 2019, respectively)

169

157

170

175

174

162

178

189

186

174

185

190

191

183

200

208

197

185

194

203

188

178

193

205

192

171

172

180

167

141

143

147

138

121

133

140

122

Deferred income taxes

17

17

18

19

20

21

19

19

20

19

31

31

33

33

28

26

28

29

31

32

30

31

33

33

32

33

34

33

30

29

31

30

29

30

29

30

28

Accrued interest receivable

10

9

10

10

10

10

10

10

11

10

11

11

11

11

11

11

12

11

12

11

12

11

11

11

11

11

10

10

10

10

9

9

10

9

9

8

7

Property and equipment, net

6

6

6

5

6

6

6

6

6

6

6

6

6

6

6

6

5

6

6

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

7

Deferred policy acquisition costs

19

19

20

20

20

19

21

21

21

20

20

20

19

19

20

20

20

20

21

21

20

19

21

21

21

19

21

20

20

18

18

18

17

16

19

19

17

Deferred charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

3

-

3

3

2

Federal income tax recoverable

-

-

-

-

-

-

-

1

-

1

-

0

-

-

-

-

-

-

-

-

-

1

-

-

-

-

1

-

-

-

0

3

0

-

3

3

2

Other assets

17

17

28

22

19

17

16

17

18

9

17

39

44

37

47

47

42

42

46

45

15

14

18

11

9

8

9

12

11

10

10

11

9

11

16

15

6

Total assets

1,524

1,492

1,574

1,571

1,558

1,515

1,586

1,554

1,530

1,518

1,583

1,559

1,536

1,518

1,600

1,594

1,557

1,502

1,552

1,534

1,514

1,457

1,467

1,439

1,376

1,329

1,312

1,313

1,265

1,220

1,202

1,210

1,185

1,143

1,153

1,152

1,117

Liabilities and shareholders’ equity
Liabilities:
Reserves for loss and loss adjustment expenses

779

772

790

795

800

798

791

783

777

771

755

749

749

742

736

725

722

718

720

715

704

687

676

657

636

614

609

593

577

570

564

558

548

538

532

527

532

Unearned premiums

146

140

154

156

155

149

165

167

164

157

165

165

163

162

175

179

169

167

176

179

172

168

178

184

177

164

164

164

155

140

142

141

129

118

126

128

111

Reinsurance premiums payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

1

0

1

1

1

0

0

0

1

0

0

0

0

1

0

0

-

Amounts held for others

39

37

45

44

42

41

40

39

37

36

35

34

32

31

55

54

51

49

49

46

43

42

41

39

36

35

31

47

43

41

38

35

32

29

27

26

22

Policyholder deposits

44

44

45

46

46

46

47

47

48

48

48

48

48

49

48

48

48

48

47

47

47

48

48

47

45

44

42

40

39

39

37

37

36

37

37

37

39

Insurance-related assessments

24

22

29

30

28

28

29

30

28

28

30

31

33

31

35

36

33

32

33

33

30

29

32

32

28

25

28

28

25

22

22

25

22

19

34

36

18

Federal income tax payable

6

3

1

1

7

3

1

-

1

-

1

-

9

4

2

3

8

0

0

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other liabilities

39

40

39

38

39

38

38

38

37

37

41

36

31

31

32

31

28

30

30

29

32

30

32

32

29

26

29

29

28

25

24

22

24

23

24

22

20

Payable for investments purchased

8

-

-

9

8

-

13

2

3

13

9

11

0

9

2

18

16

-

2

8

20

2

7

10

0

-

5

16

4

0

1

11

4

0

5

-

6

Subordinated debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

25

25

25

36

36

Total liabilities

1,087

1,062

1,105

1,121

1,128

1,106

1,127

1,108

1,098

1,092

1,088

1,078

1,069

1,062

1,090

1,098

1,078

1,048

1,061

1,061

1,053

1,010

1,018

1,004

956

912

911

921

875

839

830

846

826

794

814

815

787

Shareholders’ equity:
Common stock: voting—$0.01 par value authorized shares—50,000,000 in 2020 and 2019; 20,561,034 and 20,560,833 shares issued and 19,302,784 and 19,302,583 shares outstanding in 2020 and 2019, respectively

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

Additional paid-in capital

213

213

212

212

211

211

211

210

210

210

209

209

208

208

208

206

205

204

203

201

200

199

197

195

194

192

190

189

189

187

186

186

185

185

183

183

180

Treasury stock, at cost (1,258,250 shares in 2020 and 2019)

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

22

21

14

12

Accumulated earnings

232

227

265

248

235

221

274

258

246

233

304

291

280

270

317

302

289

268

306

290

279

267

271

260

249

250

234

226

220

213

203

196

193

183

173

167

160

Accumulated other comprehensive income, net

13

12

12

10

4

-0

-4

-2

-2

3

3

2

0

-0

6

8

5

2

3

2

3

2

2

1

-1

-4

-2

-1

2

2

4

2

2

2

2

0

0

Total shareholders’ equity

436

430

468

449

430

409

458

445

432

425

494

481

467

456

509

495

478

453

490

472

461

446

448

435

420

416

400

392

389

381

372

363

359

349

338

337

330

Total liabilities and shareholders’ equity

1,524

1,492

1,574

1,571

1,558

1,515

1,586

1,554

1,530

1,518

1,583

1,559

1,536

1,518

1,600

1,594

1,557

1,502

1,552

1,534

1,514

1,457

1,467

1,439

1,376

1,329

1,312

1,313

1,265

1,220

1,202

1,210

1,185

1,143

1,153

1,152

1,117