This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

A.M. Best Affirms Ratings Of AMERISAFE, Inc. And Its Operating Subsidiaries; Maintains Positive Outlook

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Amerisafe Insurance Group (Amerisafe) and its members. Amerisafe includes American Interstate Insurance Company, Silver Oak Casualty, Inc. and American Interstate Insurance Company of Texas (Austin, TX), all operating subsidiaries of AMERISAFE, Inc. [NASDAQ: AMSF]. Concurrently, A.M. Best has affirmed the ICR of “bbb-” and debt ratings of AMERISAFE, Inc. The outlook for all ratings is positive. All companies are domiciled in DeRidder, LA, unless otherwise specified. (See below for a detailed listing of the companies and ratings.)

The ratings reflect Amerisafe’s excellent capitalization, strong operating profitability, which outperforms the group’s peer composite over the long term, its established market presence and experience operating as a workers’ compensation market for high hazard risks. The group’s solid operating performance has been driven by its strong underwriting results given management’s adherence to prudent underwriting and pricing discipline, focused loss control and safety programs and active claims management, which have allowed for favorable reserve development trends in recent years.

These positive factors are somewhat offset by Amerisafe’s product concentration and historical adverse loss reserve development, which caused earnings volatility in earlier years. The positive rating outlook reflects A.M. Best’s expectation that strong underwriting and operating results will be sustained over the near term, and capitalization will remain well supportive of Amerisafe’s ratings.

The following debt ratings have been affirmed:


--"bb" on $25.8 million subordinated trust preferred securities, due 2033

--"bb" on $10.3 million subordinated trust preferred securities, due 2034

For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit

The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AMSF $45.78 -0.63%
AAPL $132.94 2.00%
FB $82.66 1.40%
GOOG $563.32 -0.31%
TSLA $229.10 4.90%


DOW 18,127.29 +47.15 0.26%
S&P 500 2,122.07 +4.38 0.21%
NASDAQ 5,103.7760 +11.6910 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs