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AMSFAMERISAFE, Inc.
$19.59$366M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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AMSF logo

AMERISAFE, Inc.

AMSF
NASDAQ · Specialty Insurers
$19.59
At close - Nov 6, 4:00 PM EST - USD
Market Cap$366M
P/E9.0x
52W High$42.10
Volume471.65K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Underwriting Discipline Meets Shrinking Equity and Claims Volatility

AMERISAFE's premium base has been largely flat, with quarterly revenue between $72.6M and $92.0M over the past ten quarters, while combined ratios have swung from 77.3% to 111.0%, suggesting underwriting profitability depends heavily on claims timing.

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AMSF price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-43% Peers

P/E is 43% below peer median

03

Market leadership

RS 21 · Lag

Laggard (Underperforming 79% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 28

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AMSF-44.60%
S&P 500 (^GSPC)+7.63%
1-Year Return
AMSF-44.56%
S&P 500 (^GSPC)+9.69%
3-Year Return
AMSF-38.19%
S&P 500 (^GSPC)+65.98%
5-Year Return
AMSF-33.69%
S&P 500 (^GSPC)+54.52%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
9.0x
Forward P/E
10.4x
EV/EBITDA80th %ile
13.6x
FCF YieldCash Flow
3.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
9.0x
15.9x
0th· Low
EV/EBITDA
13.6x
12.1x
80th· High
Price/FCF
29.7x
38.5x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$317M+2.6% YoY
Net income FY25
$47M-15.0% YoY
Free cash flow FY25
$9M-61.8% YoY
Operating margin FY25
18.6%-3.8 pts YoY
ROIC (FY25)21.9%
Avg ROIC 5Y20.2%
ROE (TTM)16.4%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 28, 2026
$0.40-16.7%
vs $0.48
$77M-9.5%
vs $85M
Q3 2026
Jul 21, 2026
$0.44-14.9%
vs $0.52
$86M+1.0%
vs $85M
Q2 2026
Apr 22, 2026
$0.50-7.9%
vs $0.54
$89M-2.2%
vs $90M
Q1 2026
Feb 25, 2026
$0.51-10.5%
vs $0.57
$70M+4.4%
vs $67M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·Oct 29, 2026
AMERISAFE, Inc. (AMSF) Q3 2026 Earnings Call Transcript

AMERISAFE, Inc. ( AMSF ) Q3 2026 Earnings Call October 29, 2026 10:00 AM EDT Company Participants Kathryn Shirley - Executive VP, Chief Administrative Officer & Secretary G. Frost - President, CEO, Principal Accounting & Financial Officer and Director Guillermo Ramos - CFO & Executive VP Vincent Gagliano - Executive VP & Chief Risk Officer Conference Call Participants Mark Hughes - Truist Securities, Inc., Research Division David Samar - Citizens JMP Securities, LLC, Research Division Presentation Operator Good day, and welcome to the AMERISAFE Third Quarter 2026 Earnings Call.

MarketBeat·Oct 29, 2026
What AMERISAFE (AMSF) Said on Its Q3 Earnings Call

AMERISAFE NASDAQ: AMSF reported third-quarter 2026 net income of $7.2 million, or $0.39 per diluted share, compared with $13.8 million, or $0.72 per diluted share, in the prior-year quarter. Operating net income was $7.4 million, or $0.40 per diluted share, down from $10.6 million, or $0.55 per diluted share, a year earlier.

Zacks Investment Research·Oct 28, 2026
Amerisafe (AMSF) Lags Q3 Earnings and Revenue Estimates

Amerisafe (AMSF) came out with quarterly earnings of $0.4 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.55 per share a year ago.

Business Wire·Oct 28, 2026
AMERISAFE Announces 2026 Third Quarter Results

DERIDDER, La.--(BUSINESS WIRE)--AMERISAFE ANNOUNCES 2026 THIRD QUARTER RESULTS.

Filtered for AMERISAFE, Inc.More Headlines
04

Compare before deciding

Benchmark AMSF against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for AMERISAFE, Inc. (AMSF)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AMSF logoAMSFAMERISAFE, Inc.Current
$19.59$366.41M9.052.63%12.1%16.38%13%
KNTK logoKNTKKinetik Holdings Inc.
$48.77$3.59B8.1818.98%24.27%16.75%16.36%
EIG logoEIGEmployers Holdings, Inc.
$47.30$1.05B31.07-2.55%3.49%3.17%2.62%
ACGL logoACGLArch Capital Group Ltd.
$107.28$37.48B8.3714.27%23.19%18.35%0.02%
HIG logoHIGThe Hartford Insurance Group, Inc.
$133.99$36.73B8.227.1%15.88%24.13%1.54%
TRV logoTRVThe Travelers Companies, Inc.
$395.20$82.43B9.995.17%17.03%26.24%1.09%

Compare AMSF vs Peers

AMERISAFE, Inc. (AMSF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KNTK

Most directly comparable listed peer for AMSF.

Scale Benchmark

vs MRSH

Larger-name benchmark to compare AMSF against a more recognizable public peer.

Peer Set

Compare Top 5

vs KNTK, EIG, ACGL, HIG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AMSF SEC Filings & Documents

AMERISAFE, Inc. (AMSF) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 28, 2026·SEC

Material company update

Jul 21, 2026·SEC

Material company update

Jun 12, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 30, 2026·SEC

FY 2026

Jul 23, 2026·SEC

FY 2026

Apr 23, 2026·SEC

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AMSF Frequently Asked Questions

AMERISAFE, Inc. (AMSF) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is AMERISAFE, Inc. growing?

AMERISAFE, Inc. (AMSF) grew revenue by 7.7% over the trailing twelve months, compared with the twelve months before.

Is AMSF profitable?

Yes. AMERISAFE, Inc. (AMSF) earned $40.4M in net income over the trailing twelve months (a 12.1% net margin).

Dividend & Returns
Does AMSF pay dividends?

Yes. AMERISAFE, Inc. (AMSF) pays a dividend that yields 13.00% at the current price, a high yield.

What is AMSF's return on equity?

AMERISAFE, Inc. (AMSF) had a return on equity (ROE) of 16.4% over the trailing twelve months. That is above the market's typical 10-15%.

Industry Metrics
What is AMERISAFE, Inc.'s combined ratio?

AMERISAFE, Inc. (AMSF) has a combined ratio of 81.4%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in AMSF back in 1995?

Total return calculator · dividends reinvested · 31+ years of data

See returns →