Financial Data and Key Metrics Changes - AMERISAFE reported net income of $23.8 million or $1.23 per diluted share, compared to $23.9 million or $1.24 per diluted share in the same quarter last year [11] - Operating net income increased to $20.2 million or $1.04 per share, an increase of $0.04 from the second quarter of 2020 [11] - Revenues decreased to $81.2 million from $89.1 million in the second quarter of 2020 [11] - Net premiums earned decreased by 8% to $69.9 million compared to the previous year [11] - Total underwriting and other expenses were $18.5 million, down from $21.1 million in the second quarter of 2020, leading to an expense ratio of 26.4% compared to 27.8% last year [14] Business Line Data and Key Metrics Changes - The combined ratio for the quarter was 74.4%, attributed to favorable case development from accident years 2019 and prior [6] - Policy count remained flat, with premium for policies written down 8.9% and average loss cost down 6.5% [7] - Renewal retention was strong at 93.9%, compared to 93.7% in the same quarter last year [31] Market Data and Key Metrics Changes - The workers' compensation market saw no substantial changes, with approved loss cost decreases averaging in mid-single digits [6] - Audit premium remained positive despite the full impact of the COVID-19 pandemic on the audited policy period [7] - Frequency for the current accident year returned to pre-pandemic levels, while severity remained within expectations [9] Company Strategy and Development Direction - The company is focused on maintaining competitiveness and discipline in underwriting, with a long-term approach to underwriting discipline and claims management [6] - Management remains optimistic about the potential benefits from the infrastructure bill, which includes significant funding for roads, bridges, and broadband [19] - The company aims to manage capital towards a target operating leverage ratio of 1.1x, currently at 0.62x [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the vaccination rollout and its potential positive impact on the economy, despite concerns about the Delta variant [20] - The company noted that while there are delays in the supply chain, capital expenditures are ready to be funded [30] - Management acknowledged the potential for wage inflation, with a payroll increase of about 2.9%, primarily driven by wage inflation [29] Other Important Information - The investment portfolio has a high quality with an average AA minus credit rating and a duration of 3.67 [13] - The company paid a quarterly cash dividend of $0.29 per share, consistent with previous quarters [15] - Book value per share increased to $24.19, up 6.6% from $22.70 at year-end [15] Q&A Session Summary Question: Did you give the ELCM? - Janelle Frost confirmed the ELCM was 1.52 [17] Question: Can you talk about the prospects for new business? - Management remains optimistic about the economy due to vaccination rollouts and potential benefits from the infrastructure bill, although policy count did not grow in the second quarter [19][21] Question: Was this the first quarter that you drew from the 2019 accident year? - Yes, it was the first quarter that drew from 2019, with reported numbers showing deterioration in the workers' compensation industry [23][24] Question: How is renewal premium impacted by wage inflation? - Management noted a payroll increase of about 2.9%, with 80% attributed to wage inflation, and renewal retention remained strong [29][31] Question: How do you see the supply chain affecting future jobs? - Management is monitoring the supply chain closely, noting potential delays but also increased flow from the lumber industry [30]

AMERISAFE, Inc. (NASDAQ:AMSF) Q1 2021 Earnings Conference Call April 30, 2021 10:30 AM ET Company Participants Vincent Gagliano - EVP and Chief Risk Officer Janelle Frost - President and Chief Executive Officer Neal Fuller - Chief Financial Officer Conference Call Participants Matt Carletti - JMP Securities Mark Hughes - Truist Securities Randy Binner - B. Riley Securities Operator Good day, everyone, and welcome to the AMERISAFE 2021 First Quarter Earnings Conference Call. [Operator Instruction] At this ti ...

AMERISAFE, Inc. (NASDAQ:AMSF) Q4 2020 Earnings Conference Call February 25, 2021 10:30 AM ET Company Participants Kathryn Shirley - Chief Administrative Officer Janelle Frost - President and Chief Executive Officer Neal Fuller - Chief Financial Officer Conference Call Participants Matt Carletti - JMP Securities Mark Hughes - Truist Securities Randy Binner - B. Riley Securities Operator Good day, everyone and welcome to the AMERISAFE 2020 Fourth Quarter and Full Year Earnings Conference Call. Today’s confere ...

AMERISAFE, Inc. (NASDAQ:AMSF) Q3 2020 Earnings Conference Call October 29, 2020 10:30 AM ET Company Participants Kathryn Shirley - EVP, CAO, Secretary Janelle Frost - President, CEO Neal Fuller - EVP, CFO Conference Call Participants Mark Hughes - Truist Randy Binner - B. Riley Matt Carletti - JMP Securities Operator Good day, everyone, and welcome to the AMERISAFE 2020 Third Quarter Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Kat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-12251 AMERISAFE, INC. (Exact Name of Registrant as Specified in Its Charter) Texas 75-2069407 (State of Incorporation) (I.R.S. Employer ...

AMERISAFE, Inc. (NASDAQ:AMSF) Q2 2020 Earnings Conference Call July 31, 2020 10:30 AM ET Company Participants Kathryn Shirley - EVP, Chief Administrative Officer & Secretary Janelle Frost - President & Chief Executive Officer Neal Fuller - EVP & Chief Financial Officer Conference Call Participants Matthew Carletti - JMP Securities Randy Binner - B.Riley FBR Mark Hughes - SunTrust Robinson Humphrey Operator Good day, everyone, and welcome to the AMERISAFE 2020 Second Quarter Earnings Conference Call. Today's ...