AMERISAFE, INC. AMSF Income Statement

Amerisafe, inc. (AMSF)

Income statement / 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	Mar'11	Sep'10	Jun'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	-	-	-	-	-	-	-	-	-	-