Amerisafe reports Q3 EPS 61c, consensus 69c

Reports Q3 net premiums earned $66.6M vs. $67.8M last year. G. Janelle Frost, CEO, commented, “Robust payroll audits coupled with growth in policy count led to top-line growth this quarter. We were able to maintain a strong operating ROAE of 13.2% and combined ratio of 90.6%, despite some infrequent items that impacted our expenses this quarter. Our underwriting expertise continues to drive AMERISAFE’s strong returns and balance sheet position.”