AMSFNasdaqFire, Marine & Casualty InsuranceFiscal year ends December 31
AMERISAFE INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$25.34+0.09 (+0.36%)
Close on Oct 19, 2026
- Market cap
- $473.92M
- P/E (TTM)
- 10.2
- Dividend yield
- 6.16%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
14.9%−10.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.7% | +2.5% | -1.3% | -2.3% | |
| Net income | -15.0% | -5.4% | -11.5% | -3.9% | |
| EPS, diluted | -14.5% | -5.0% | -11.2% | -3.9% | |
| Free cash flow | -61.8% | -30.1% | -32.2% | -20.8% | |
| Dividend per share | +5.4% | +8.0% | +7.6% | +10.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 17.1% | 19.9% | 18.5% | |
| Return on assets | 5.2% | 5.8% | 4.1% | |
| Capex to revenue | 0.4% | 0.3% | 0.7% | |
| Diluted shares | 19M | 19M | 19M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Amerisafe generated $131.28M from operations and spent $437.29M on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
Generated
$131.28M
Used
$437.29M
Capital expenditure$6.93M2%Dividends$415.80M95%Share buybacks$14.56M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.9%
×Asset turnover0.28×
×Equity multiplier4.50×
=Return on equity, FY202518.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.9% | 0.28× | 4.50× | 18.5% |
| FY2024 | 17.9% | 0.26× | 4.34× | 20.2% |
| FY2023 | 20.2% | 0.25× | 4.10× | 20.4% |
| FY2022 | 18.9% | 0.22× | 3.73× | 15.5% |
| FY2021 | 20.8% | 0.22× | 3.43× | 15.7% |
| FY2020 | 25.5% | 0.23× | 3.41× | 19.9% |
| FY2019 | 25.0% | 0.25× | 3.58× | 22.1% |
| FY2018 | 19.0% | 0.25× | 3.63× | 17.2% |
| FY2017 | 12.3% | 0.25× | 3.45× | 10.5% |
| FY2016 | 19.6% | 0.26× | 3.32× | 17.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$47.15M
- Cash generatingOperating cash flow above zero$11.07M
- Return on assets improvedROA up on the prior year4.5% → 4.1%
- Earnings backed by cashOperating cash flow above net income$11.07M vs $47.15M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise19M → 19M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.25 → 0.27