This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

AMERISAFE Announces 2012 Fourth Quarter And Year-End Results

DERIDDER, La., Feb. 27, 2013 (GLOBE NEWSWIRE) -- AMERISAFE, Inc. (Nasdaq:AMSF), a specialty provider of hazardous workers' compensation insurance, today announced results for the fourth quarter and year ended December 31, 2012.

  Three Months Ended December 31, Twelve Months Ended December 31,
  2012 2011 % Change 2012 2011 % Change
  (in thousands, except per share data)
Net premiums earned $ 78,741 $ 66,211  18.9% $ 290,689 $ 251,015  15.8%
Net investment income  6,698  6,702  (0.1)%  27,018  26,340  2.6%
Net realized gains on investments (pre-tax)  66  1,468  (95.5)%  2,979  2,228  33.7%
Net income  9,226  8,073  14.3%  29,353  24,181  21.4%
Diluted earnings per share $ 0.50 $ 0.44  13.6% $ 1.58 $ 1.29  22.5%
Operating net income  9,183  5,943  54.5%  27,417  21,291  28.8%
Operating earnings per share $ 0.49 $ 0.32  53.1% $ 1.48 $ 1.14  29.8%
Book value per share $ 20.88 $ 19.25  8.5% $ 20.88 $ 19.25  8.5%
Net combined ratio  92.6%  98.4%    97.5%  100.4%  
Return on average equity  9.8%  9.4%    8.0%  7.1%  

Commenting on these results, Allen Bradley, AMERISAFE's Chairman and Chief Executive Officer, stated, "The workers' compensation marketplace continues to harden. Loss costs and rate increases, coupled with a lessened underwriting appetite for workers' compensation accounts by many carriers, continues to provide AMERISAFE with the opportunity to increase premium volume with higher pricing and better expected margins."

1 of 5

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!


DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs