AMERISAFE, INC. AMSF Balance Sheet

Amerisafe, inc. (AMSF)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'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