Amerisafe (A3I) AI Stock Analysis

Amerisafe

(Frankfurt:A3I)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Debt-free balance sheetA debt-free balance sheet gives AMERISAFE substantial financial flexibility as a long-tail workers’ compensation insurer. Low leverage reduces financing pressure, supports conservative solvency, and leaves more capacity to withstand claims volatility or invest in underwriting capabilities.

Negative Factors

Persistent rate declinesSustained workers’ compensation rate declines create structural pressure on premium growth and future underwriting margins. AMERISAFE must achieve additional policy volume, maintain pricing discipline, or improve efficiency to offset lower rates without accepting risks that could weaken long-term profitability.

Amerisafe (A3I) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 387.59M
Dividend Yield: 10.91%
Average Volume (3M): 784
Price to Earnings (P/E): 9.7
Beta (1Y): -0.08
Revenue Growth: 2.49%
EPS Growth: -21.42%
Country: Germany
Employees: 366
Sector: Financial
Sector Strength: 68
Industry: Insurance - Specialty

Amerisafe Business Overview & Revenue Model

Company Description

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 o...

Amerisafe Earnings Call Summary

Earnings Call Date:Oct 27, 2026(Q3-2026)|% Change Since:-9.04%|Next Earnings Date:Feb 23, 2027

Earnings Call SentimentNeutral

The call presented meaningful operating strengths, including policy and earned-premium growth, strong retention, favorable reserve development, improving investment yields, operational efficiency gains, and an affirmed AM Best rating. These positives were offset by lower net income and operating earnings, declining gross written premiums, higher expenses, persistent rate declines, rising claim counts, medical-cost pressure, and substantially intensified competition. Overall, the positive underwriting and balance-sheet commentary was balanced by several clear financial and market challenges.

Positive Updates

Earned Premium and Policy Growth

Net premiums earned increased 3% year over year to $73.3 million from $71.2 million, supported by continued policy-count growth, strong retention of existing accounts, and strong premium production in recent quarters. In-force policies grew 4% year over year, voluntary premium on policies written during the quarter grew 0.8%, and AMERISAFE renewed 92.3% of policies for which it offered renewal.

Negative Updates

Lower Net Income and Operating Earnings

Third-quarter net income declined to $7.2 million, or $0.39 per diluted share, from $13.8 million, or $0.72 per diluted share, in the prior-year quarter. Operating net income declined to $7.4 million, or $0.40 per diluted share, from $10.6 million, or $0.55 per diluted share.

Company Guidance

Management said it came into this year expecting mid to high single-digit rate declines, and that the rate filings now in force for now and for 2027 were “more of the same”; on average, it is still looking in that 5%-6% range for loss cost declines going into 2027, into the 2027 premium year. AMERISAFE’s expectation remains that it is “shooting for mid-single-digit growth for the year,” and that outlook or expectation “has not changed.”

Amerisafe Risk Analysis

Amerisafe disclosed 28 risk factors in its most recent earnings report. Amerisafe reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Amerisafe Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

DE:A3I against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TIPT	59Neutral	$620.69M	1.64	58.47%	1.41%	-99.24%	-244.16%
EIG	52Neutral	$804.09M	26.34	3.17%	2.95%	-12.95%	-33.09%
JRVR	47Neutral	$178.98M	7.75	4.68%	1.03%	-1.82%	―
OSG	39Underperform	$227.06M	-1.38	-18.99%	―	7.99%	-698.73%

* Financial Sector Average

Performance Comparison

DE:A3I and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:A3I	AMERISAFE, Inc.	20.52	-11.19	-35.30%
EIG	Employers Holdings	44.77	9.79	27.98%
OSG	Octave Specialty Group, Inc.	5.04	-3.43	-40.50%
TIPT	Tiptree Financial Inc	17.04	-1.01	-5.59%
JRVR	James River Group Holdings Ltd.	3.87	-1.26	-24.53%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Amerisafe AI Stock Analysis