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AMERISAFE Inc. (AMSF) Financial Analysis and Rating
Comparison Analysis Based on SEC Data
| Company Name | AMERISAFE Inc. |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance |
| Revenue in 2025 | $317,252 thousand (ranked #94 out of 110 companies in the industry) |
| Assets as of 12/31/2025 | $1,131 million (ranked #96) |
| Market Cap | $460,621 thousand (Sep 14, 2026) |
| Analyzed report | 12/31/2024 (filed 2/28/2025) |
Year:
Financial Position and Performance
| Compared with 2024 industry ratios | Change during the year |
|---|---|
|
much better |
improved |
| Compared with all listed companies |
|---|
|
better |
Financial Ratios Benchmarking
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (63 - Insurance Carriers) |
with all listed companies | ||
| Solvency Ratios | |||
| Debt ratio |
0.78
0.79
|
0.78
0.61
|
|
| Debt-to-equity ratio |
3.50
3.77
|
3.50
1.35
|
|
| Interest coverage ratio |
6278.82
13.56
|
6278.82
2.45
|
|
| Profitability Ratios | |||
| Profit margin |
17.9%
8.1%
|
17.9%
3%
|
|
| ROE (Return on equity), after tax |
20.1%
13%
|
20.1%
5.1%
|
|
| ROA (Return on assets) |
4.6%
2.2%
|
4.6%
0.9%
|
|
| Activity Ratios | |||
| Asset turnover (days) |
1413
1485
|
1413
776
|
|
| Resulting score | +1,6 | +0,6 | |
Year:
Additional Ratios (not used in score calculation)
| Financial Ratio | Comparison of company ratios for 2024 | ||
|---|---|---|---|
|
with industry ratios (63 - Insurance Carriers) |
with all listed companies | ||
| Profitability Ratios | |||
| Gross margin |
48.3%
46.4%
|
48.3%
43.6%
|
|
| Operating margin (Return on sales) |
22.3%
10.5%
|
22.3%
5.1%
|
|
| Activity Ratios | |||
| EBIT | $69M | ||
| EBITDA | $114M | ||
| Price Ratios | |||
| Earnings per Share (basic) | $2.91 | ||
| Earnings per Share (diluted) | $2.89 | ||
Auditor's Conclusion
We have performed a comparative analysis of the balance sheet and income statement of AMERISAFE Inc. (hereafter – the "Company") for the year 2024 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Fire, Marine, and Casualty Insurance" (SIC code 6331). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2024 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.
Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of AMERISAFE Inc. in 2024 is much better than the typical financial condition of companies in the "Fire, Marine, and Casualty Insurance" industry.
A similar result was obtained when comparing the Company's financial ratios with the averages for all companies. The financial position of AMERISAFE Inc. is better than that of most listed companies that file financial statements with the U.S. Securities and Exchange Commission.