Amerisafe, inc. (AMSF)
Income statement / 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'11Mar'11Sep'10Jun'10
Revenues
Gross premiums written

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

Ceded premiums written

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

Net premiums written

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

Net premiums earned

326,930

332,888

339,448

341,920

347,964

350,326

348,866

348,800

342,554

346,156

350,876

355,676

363,655

368,704

371,641

372,227

377,068

375,894

377,930

383,354

381,301

375,747

365,372

351,040

339,507

329,983

322,029

312,858

300,608

290,689

278,159

270,188

260,716

251,015

239,216

227,744

0

0

0

Net investment income

32,217

32,483

32,504

32,124

31,258

30,452

29,708

29,612

29,780

29,281

29,824

30,042

28,772

28,106

27,507

26,424

27,113

27,902

27,812

27,384

27,339

27,214

26,811

27,263

27,067

27,029

26,964

26,818

26,774

27,018

27,022

26,716

26,708

26,340

26,207

26,387

0

0

0

Net realized gains on investments

853

-80

-92

-417

-1,446

-1,536

-1,357

-1,220

-497

-647

-2,229

-1,856

-923

-494

998

857

-2,305

-2,494

-2,002

-2,194

655

697

891

389

-1,134

-1,211

-1,855

-216

1,212

2,979

4,381

3,908

3,916

2,228

199

-20

0

0

0

Net unrealized gains (losses) on equity securities

-6,242

4,758

802

1,002

502

-2,088

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fee and other income

512

321

422

488

532

599

545

418

394

418

358

369

365

346

382

284

289

316

340

402

339

361

370

419

558

536

471

520

512

562

1,013

1,132

1,018

1,080

669

532

0

0

0

Total revenues

354,349

370,370

373,100

375,141

378,768

377,753

378,021

377,296

371,841

375,208

378,829

384,231

391,869

396,662

399,864

399,128

401,501

400,954

404,080

408,946

409,634

404,019

393,442

379,109

365,996

356,335

347,609

339,980

329,106

321,248

310,575

301,944

292,358

280,663

266,291

254,643

0

0

0

Expenses
Loss and loss adjustment expenses incurred

170,375

176,342

194,862

198,135

201,343

204,891

211,122

211,918

206,270

209,324

203,656

205,788

208,531

199,031

194,734

193,150

201,283

214,573

225,598

238,478

243,637

244,916

244,683

239,907

234,257

228,973

227,349

224,154

224,061

219,903

212,041

207,517

197,373

189,706

186,739

171,123

0

0

0

Underwriting and certain other operating costs

22,886

22,221

26,843

28,118

28,687

28,981

28,812

28,019

27,679

28,333

27,508

28,394

30,498

29,470

31,444

32,633

32,162

32,162

33,992

32,521

32,082

32,573

22,103

20,915

19,846

18,951

24,584

24,078

21,231

18,450

20,285

20,886

21,524

22,404

16,623

13,297

0

0

0

Commissions

24,697

25,010

25,398

25,661

26,034

26,160

25,914

25,528

24,896

24,812

24,936

25,268

25,775

26,243

26,634

26,968

27,382

27,509

27,782

28,108

28,190

27,872

27,430

26,584

25,826

25,303

24,614

23,843

23,013

22,144

21,023

20,418

19,516

18,507

17,670

16,863

0

0

0

Salaries and benefits

27,385

27,120

26,408

26,191

26,813

25,992

25,518

25,372

25,245

25,631

25,377

25,642

25,409

24,881

24,775

24,755

24,333

24,442

24,498

24,403

23,690

24,518

23,981

23,460

23,938

22,862

22,690

21,990

21,351

20,839

20,266

20,125

19,941

19,914

19,872

20,002

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

566

841

1,038

1,211

1,311

1,436

1,544

0

0

0

Policyholder dividends

4,083

4,160

4,221

3,821

3,915

4,148

4,051

4,759

4,830

4,868

5,128

4,444

4,497

4,216

3,472

2,954

2,176

1,301

1,075

843

493

391

402

301

601

1,042

1,524

2,431

2,373

2,203

2,133

1,459

1,493

1,464

1,242

1,181

0

0

0

Provision for investment related credit loss benefit

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

249,400

254,853

277,732

281,926

286,792

290,172

295,417

295,596

288,920

292,968

286,605

289,536

294,710

283,841

281,059

280,460

287,336

299,987

312,945

324,353

328,092

330,270

318,599

311,167

304,468

297,131

300,761

296,576

292,316

284,105

276,589

271,443

261,058

253,306

243,582

224,010

0

0

0

Income before income taxes

104,949

115,517

95,368

93,215

91,976

87,581

82,604

81,700

82,921

82,240

92,224

94,695

97,159

112,821

118,805

118,668

114,165

100,967

91,135

84,593

81,542

73,749

74,843

67,942

61,528

59,204

46,848

43,404

36,790

37,143

33,986

30,501

31,300

27,357

22,709

30,633

0

0

0

Income tax expense

20,859

22,827

17,886

17,418

17,113

15,949

29,129

31,349

34,045

36,009

27,569

28,721

30,027

34,956

36,940

36,759

34,576

30,505

26,881

24,800

23,295

20,083

20,599

17,478

16,193

15,567

11,428

10,562

8,147

7,790

5,786

4,538

4,188

3,176

2,243

4,627

0

0

0

Net income

84,090

92,690

77,482

75,797

74,863

71,632

53,475

50,351

48,876

46,231

64,655

65,974

67,132

77,865

81,865

81,909

79,589

70,462

64,254

59,793

58,247

53,666

54,244

50,464

45,335

43,637

35,420

32,842

28,643

29,353

28,200

25,963

27,112

24,181

20,466

26,006

0

0

0

Net income available to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

70,462

64,254

59,793

58,247

53,666

54,169

50,363

45,208

43,495

35,343

32,786

28,611

29,331

28,174

25,942

27,093

24,167

0

0

0

0

0

Earnings per share
Basic

0.56

1.77

1.11

0.93

1.01

0.98

1.03

0.88

0.84

0.03

0.86

0.81

0.71

1.00

0.94

0.87

1.27

1.21

0.95

0.76

0.80

0.90

0.72

0.69

0.57

0.94

0.53

0.42

0.48

0.51

0.39

0.19

0.53

0.44

0.27

0.25

0.36

0.24

0.56

Diluted

0.56

1.76

1.11

0.93

1.01

0.98

1.02

0.88

0.84

0.03

0.86

0.81

0.70

0.98

0.93

0.87

1.27

1.21

0.94

0.75

0.79

0.89

0.71

0.68

0.56

0.92

0.52

0.41

0.47

0.49

0.38

0.19

0.52

0.44

0.26

0.24

0.35

0.23

0.54

Shares used in computing earnings per share
Basic

19,266

19,263

19,256

19,245

19,229

19,223

19,216

19,208

19,187

19,177

19,171

19,162

19,150

19,146

19,121

19,096

19,057

19,030

18,968

18,917

18,847

18,776

18,676

18,600

18,531

18,461

18,395

18,353

18,281

18,200

18,173

18,150

18,140

18,079

18,294

18,392

18,232

18,528

18,720

Diluted

19,352

19,409

19,302

19,306

19,298

19,370

19,272

19,266

19,262

19,289

19,236

19,227

19,230

19,275

19,190

19,184

19,163

19,252

19,096

19,080

19,047

19,004

18,929

18,894

18,884

18,834

18,758

18,712

18,689

18,596

18,580

18,588

18,535

18,506

18,708

18,846

18,709

18,982

19,160

Extraordinary cash dividends declared per common share

-

3.50

-

-

-

3.50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1.00

0.00

0.00

0.50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends declared per common share

0.27

0.25

0.25

0.25

0.25

0.22

0.22

0.22

0.22

0.20

0.20

0.20

0.20

0.18

0.18

0.18

0.18

0.15

0.15

0.15

0.15

0.12

0.12

0.12

0.12

0.08

0.08

0.08

0.08

-

-

-

-

-

-

-

-

-

-