AMERISAFE, Inc.
AMSF · Price history
Price at last available close
$25.30
+$1.43 (+5.99%) 1M
2026-10-28
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Company & revenue
About AMERISAFE, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Operating as an insurance holding company, AMERISAFE, Inc. specializes in providing workers' compensation coverage across the United States. Its policies offer crucial financial protection to injured employees, addressing costs related to temporary or permanent disability, death benefits, and medical and hospital expenses. The firm primarily serves small to medium-sized businesses operating in high-risk industries, including but not limited to construction, trucking, forestry, agriculture, manufacturing, telecommunications, and maritime sectors.
How they make money
AMERISAFE, Inc. is a specialty insurance holding company that underwrites workers' compensation insurance primarily for small to mid-sized employers in high-hazard industries. The company generates revenue through insurance premiums and investment income, while managing costs through specialized safety services and claims handling to mitigate loss severity.
Products & services
Workers' compensation insurance products and related safety and claims management services for high-hazard industries such as construction, trucking, logging, lumber, agriculture, manufacturing, telecommunications, and maritime.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Small and mid-sized employers in high-hazard industriesSource
Customer concentration
As of December 31, 2025, the ten largest voluntary business policyholders accounted for 2.1% of the company's in-force premiums.
Suppliers, materials & equipment
- Independent insurance agencies — Independent retail and wholesale brokers and agents that distribute the company's insurance products.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
58
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
63
Fair
Financial Strength
94
Business Quality / Moat
2
Management
97
Growth Quality
35
Risk / Durability
96
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
65
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
63/100
Building Historical Record
Model Score 63/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Balance-sheet / debt profile scores strongly
- •Valuation scores attractively
- •Recent buyback activity is present
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for AMSF
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can AMSF maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is AMSF's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is AMSF likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •Is AMSF's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
58
Opportunity Score
65
Market Cap
$469.0M
P/E Ratio
9.5
EPS
$2.50
52-Week High
$43.93
52-Week Low
$23.20
Beta
0.26
Intrinsic Value
$33.70
Analyst Target
$32.00
Shares Outstanding
19.1M
Total Revenue
$335.6M
Total Debt
$0
Dividend Yield (TTM)
10.36%
Liquidation Value / Share
$13.10
Dividend / Share (TTM)
$2.62
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AMSF
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on AMSF.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Specialized focus on high-hazard industries.
- +A.M. Best rating of A (Excellent) for insurance subsidiaries.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Insurance - Specialty industry.
- −Exposure to loss severity in high-hazard industries.
- −Intense competition in the workers' compensation market.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
57
Sep 8, 2026
Change
+1.6
points
Current Score
58
Oct 1, 2026
Category Changes
AMSF increased 1.6 points because Valuation improved by 6.7 points.
Positive Contributors
- + Valuation improved by 6.7 points
Projected Score
Projected Score
57
Projected Change
-1.2 points
Preliminary comparable-period financial changes suggest decline of approximately 1.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$25.30
Model Intrinsic Value
$33.70
Difference
−$8.40
-24.9% vs IV
Margin of Safety
24.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $335.6M | $317.3M | $309.1M | $306.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $248.9M | $169.9M | $181.0M | $171.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $86.7M | $147.3M | $128.1M | $135.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $8.3M | $0.00 | $31.5M | $27.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $56.5M | $88.5M | $59.0M | $57.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $30.7M | $59.6M | $70.1M | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $30.2M | $58.9M | $69.1M | $77.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $58.6M | $58.9M | $69.1M | $77.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $11.6M | $11.7M | $13.6M | $15.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $47.0M | $47.1M | $55.4M | $62.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $2.50 | $2.48 | $2.91 | $3.24 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 18.67M | 18.98M | 19.07M | 19.15M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 18.80M | 19.08M | 19.16M | 19.23M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$92.0M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.78
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
Not available
Cash Change
+35.1%
Margin Change
-1.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 13.4%. EPS increased 6.8%. Cash increased 35.1%. Net income margin declined by 1.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Insurance - SpecialtyNews
Here's Why Investors Should Stay Neutral on AMSF Stock for Now
Public Employees Retirement System of Ohio Takes $1.34 Million Position in AMERISAFE, Inc. $AMSF
AMERISAFE (NASDAQ:AMSF) & Presurance (NASDAQ:PRHI) Head-To-Head Comparison
Why Is Amerisafe (AMSF) Down 16% Since Last Earnings Report?
Rumor Mill · AMSF
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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