Key Takeaways AMSF Q4 EPS missed estimates, underwriting profit fell 49.2% despite 10.7% premium growth.AMERISAFE's total expenses jumped 20.3%, driving a 750-basis-point rise in the combined ratio.AMSF raised its dividend 5.1% and repurchased $12.1M in shares in 2025.AMERISAFE, Inc. (AMSF) reported fourth-quarter 2025 adjusted earnings per share of 51 cents, which missed the Zacks Consensus Estimate by 10.5%. The bottom line declined 23.9% year over year.Operating revenues increased 9.8% year over year to ...

AMERISAFE (NasdaqGS:AMSF) Q4 2025 Earnings call February 26, 2026 10:30 AM ET Company ParticipantsJanelle Frost - President and CEOKathryn Shirley - EVP, Chief Administrative Officer and SecretaryVincent J. Gagliano - EVP and Chief Risk OfficerConference Call ParticipantsMark Hughes - Director and Equity Research AnalystMatt Carletti - Managing Director and Equity Research AnalystRobert Farnham - Equity Research AnalystOperatorGood day. Welcome to AMERISAFE's Fourth Quarter 2025 earnings call. Today's confe ...

AMERISAFE (NasdaqGS:AMSF) Q4 2025 Earnings call February 26, 2026 10:30 AM ET Company ParticipantsJanelle Frost - President and CEOKathryn Shirley - EVP, Chief Administrative Officer and SecretaryVincent J. Gagliano - EVP and Chief Risk OfficerConference Call ParticipantsMark Hughes - Director and Equity Research AnalystMatt Carletti - Managing Director and Equity Research AnalystRobert Farnam - Equity Research AnalystOperatorGood day. Welcome to AMERISAFE's Fourth Quarter 2025 earnings call. Today's confer ...

Financial Data and Key Metrics Changes - The company reported a strong return on equity (ROE) of 18.5% and a combined ratio of 91.3% for Q4 2025, indicating solid performance in a competitive environment [4] - Net income for Q4 2025 was $10.4 million, or $0.55 per diluted share, while operating net income was $9.8 million, or $0.51 per diluted share [11] - For the full year, net income was $47.1 million, down from $55.4 million in 2024, and net operating income was $41.8 million, compared to $48.4 million in 2024 [11] Business Line Data and Key Metrics Changes - Gross premium written (GPW) grew by 11.7% in Q4 2025, compared to 3.9% growth in Q4 2024, marking the seventh consecutive quarter of top-line growth [5] - Voluntary premium, a primary component of GPW, increased by 10.5% in Q4 and 10.2% for the full year, compared to 4.6% in 2024 [5] - The in-force policy count increased by 10.2% for the year, supported by strong renewal retention of 93.7% for the quarter [6] Market Data and Key Metrics Changes - Payroll growth in the company's classes of business was positive, with wage growth at 6.1% in Q4, contributing to premium growth [7] - The average rate of decline in filed rates is expected to be in the negative mid-single-digit range for 2026 [8] Company Strategy and Development Direction - The company focuses on specialized underwriting for niche industries and emphasizes safety services and personalized claims management to maintain underwriting profitability [4] - The growth strategy includes deepening relationships with targeted agents and enhancing operational efficiency, which has led to increased new business opportunities [5][6] Management's Comments on Operating Environment and Future Outlook - Management noted that the company is in a prolonged soft market with 12 consecutive years of rate decline, making risk understanding and claims management essential for profitability [4] - The company anticipates continued pressure on loss ratios due to increased claim severity and frequency, with a current accident year loss ratio of 72% [9][40] Other Important Information - The investment portfolio's net investment income increased by 2.5% to $77.1 million in Q4, while it decreased by 7.6% to $27 million for the full year [11][12] - The company maintains a strong capital position with approximately $797 million in cash and invested assets [13] Q&A Session Summary Question: Observations on frequency and severity of claims - Management reported a 7.8% increase in reported claims in 2025, with frequency consistent with expectations [17][20] Question: Insights on growth areas - Growth is broad-based across the book, with no significant shifts in industry classes or geographical distribution [25][28] Question: Favorable development in claims - Favorable development was attributed to claims closures and settlements, not related to frequency and severity issues [31][53] Question: Medical inflation observations - Medical inflation remains a concern, particularly in home health and prosthetics, with no signs of easing [61][62] Question: Impact of undocumented workers on claims - No significant changes in claims patterns due to undocumented workers have been observed [73][74]

分组1 - Amerisafe reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.57 per share, and down from $0.67 per share a year ago, representing an earnings surprise of -10.53% [1] - The company posted revenues of $80.75 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.55%, compared to year-ago revenues of $73.51 million [2] - Over the last four quarters, Amerisafe has surpassed consensus EPS estimates just once and topped consensus revenue estimates only once [2] 分组2 - The stock has lost about 3% since the beginning of the year, while the S&P 500 has gained 0.7% [3] - The current consensus EPS estimate for the coming quarter is $0.54 on revenues of $80.14 million, and for the current fiscal year, it is $2.13 on revenues of $330.12 million [7] - The Zacks Industry Rank for Insurance - Accident and Health is currently in the top 27% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Exhibit 99.1 G. Janelle Frost President & CEO AMERISAFE 337.463.9052 AMERISAFE ANNOUNCES 2025 FOURTH QUARTER AND YEAR-END RESULTS Reports 10.2% Growth in Voluntary Premiums on Policies Written and Return on Equity of 18.5% in 2025 DeRidder, LA – February 25, 2026 – AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers' compensation insurance focused on high-hazard industries, today announced results for the fourth quarter and year ended December 31, 2025. | | Three Months Ended | | | | Twelve Mont ...

Key Takeaways AMSF is set to report Q4 2025 EPS of 57 cents on $80.31M in revenues.Net premiums earned seen up 10.5%, while investment income dips 3.5% YoY.Higher loss and expense ratios are expected to pressure AMSF's Q4 profits.Workers’ compensation insurance provider, AMERISAFE, Inc. (AMSF) , is set to report fourth-quarter 2025 results on Feb. 25, 2026, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at 57 cents per shareon revenues of $ ...

Leadership Changes - CFO Mark McWethy will retire effective June 30, 2026, and will continue to serve in an advisory capacity [1] - Tiffany Herron has been promoted to CFO & Vice President of Accounting, having joined RMIC in August 2016 and progressed through various roles [2] - Aaron Powers has been promoted to Assistant Vice President (AVP), Accounting, and has been with RMIC since December 2016, holding key positions in the Accounting and Finance functions [3] Company Overview - Rockford Mutual Insurance Company was founded in 1896 and offers auto, home, farm, and commercial multi-peril insurance products [4] - Policies are distributed through independent agents across Illinois, Wisconsin, Indiana, and Michigan [4]

Core Viewpoint - Amerisafe's recent earnings report indicates a mixed performance with adjusted earnings per share meeting estimates but showing a year-over-year decline, while operating revenues improved slightly but missed consensus expectations [2][4]. Financial Performance - Adjusted earnings per share for Q3 2025 were 55 cents, matching the Zacks Consensus Estimate, but down 5.2% from the previous year [2]. - Operating revenues increased by 4% year over year to $78 million, although this was 0.5% below the consensus estimate [2]. - Net premiums earned rose 6.2% year over year to $71.2 million, driven by strong policy retention and new business growth, but fell short of the Zacks Consensus Estimate of $72 million [4]. - Net investment income decreased by 12.3% year over year to $6.6 million due to reduced investable assets following a special dividend [4]. - Total expenses increased by 5.9% year over year to $64.5 million, attributed to higher loss and adjustment expenses [5]. Underwriting and Ratios - The net combined ratio improved by 30 basis points to 90.6%, meeting the consensus mark, supported by better underwriting expense ratios [6]. - Pre-tax underwriting profit was reported at $6.7 million, reflecting a 9.1% year-over-year increase [5]. Financial Position - As of September 30, 2025, cash and cash equivalents stood at $54.7 million, up 24.3% from the end of 2024 [7]. - Total assets reached $1.2 billion, a slight increase of 0.6% from the end of 2024 [7]. - Shareholders' equity decreased by 6.8% to $274.8 million, with book value per share at $14.47, down 12.3% year over year [7]. Capital Management - Amerisafe repurchased common shares worth $1.3 million in Q3 2025, with a remaining repurchase capacity of $24.9 million [8]. - The company announced a quarterly cash dividend of 39 cents per share and a special cash dividend of $1.00 per share, both payable on December 12, 2025 [9]. Market Outlook - Estimates for Amerisafe have trended downward over the past month, indicating a potential shift in market sentiment [10][12]. - The company holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [12]. Industry Comparison - Amerisafe operates within the Zacks Insurance - Accident and Health industry, where competitor Globe Life reported a revenue increase of 4.1% year over year, with an EPS of $4.81 compared to $3.49 a year ago [13].

Group 1 - AMERISAFE, Inc. announced the resignation of Chief Financial Officer Anastasios Omiridis, effective November 30, 2025, to pursue another opportunity [1] - The company will initiate an executive search for a new Chief Financial Officer [1] - AMERISAFE specializes in workers' compensation insurance for high hazard industries, including construction, trucking, logging, agriculture, and manufacturing [2]