Amerisafe, inc. (AMSF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues
Net premiums earned

332,888

350,326

346,156

368,704

375,894

375,747

329,983

290,689

251,015

218,881

250,896

Net investment income

32,483

30,452

29,281

28,106

27,902

27,214

27,029

27,018

26,340

26,242

28,014

Net realized gains on investments

-80

-1,536

-647

-494

-2,494

697

-1,211

2,979

2,228

2,449

2,033

Net unrealized gains (losses) on equity securities

4,758

-2,088

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-664

-

-2

-

-

-

-

Fee and other income

321

599

418

346

316

361

536

562

1,080

584

1,268

Total revenues

370,370

377,753

375,208

396,662

400,954

404,019

356,335

321,248

280,663

248,156

282,211

Expenses
Loss and loss adjustment expenses incurred

176,342

204,891

209,324

199,031

214,573

244,916

228,973

219,903

189,706

157,388

163,316

Underwriting and certain other operating costs

22,221

28,981

28,333

29,470

32,162

32,573

18,951

18,450

22,404

6,409

12,351

Commissions

25,010

26,160

24,812

26,243

27,509

27,872

25,303

22,144

18,507

16,350

18,418

Salaries and benefits

27,120

25,992

25,631

24,881

24,442

24,518

22,862

20,839

19,914

21,405

21,447

Interest expense

-

-

-

-

-

-

-

566

1,311

1,548

1,810

Policyholder dividends

4,160

4,148

4,868

4,216

1,301

391

1,042

2,203

1,464

834

770

Total expenses

254,853

290,172

292,968

283,841

299,987

330,270

297,131

284,105

253,306

203,934

218,112

Income before income taxes

115,517

87,581

82,240

112,821

100,967

73,749

59,204

37,143

27,357

44,222

64,099

Income tax expense

22,827

15,949

36,009

34,956

30,505

20,083

15,567

7,790

3,176

9,702

16,536

Net income

92,690

71,632

46,231

77,865

70,462

53,666

43,637

29,353

24,181

34,520

47,563

Redemption premium

-

-

-

-

-

-

-

-

-

-

875

Net income available to common shareholders

-

-

-

-

70,462

53,666

43,495

29,331

24,167

-

46,688

Earnings per share
Basic

4.82

3.73

2.41

4.08

3.72

2.88

2.37

1.62

1.32

1.85

2.33

Diluted

4.80

3.71

2.40

4.05

3.69

2.84

2.32

1.58

1.29

1.81

2.28

Shares used in computing earnings per share
Basic

19,248

19,208

19,165

19,105

18,941

18,646

18,373

18,166

18,249

18,637

18,860

Diluted

19,329

19,293

19,245

19,203

19,119

18,928

18,748

18,575

18,692

19,095

19,268

Extraordinary cash dividends declared per common share

3.50

3.50

3.50

3.25

3.00

1.50

0.00

-

-

-

-

Cash dividends declared per common share

1.00

0.88

0.80

0.72

0.60

0.48

0.32

-

-

-

-