AMERISAFE, Inc. (AMSF) financial statements (2021 and earlier)

Company profile

Business Address 2301 HIGHWAY 190 WEST
DERIDDER, LA 70634
State of Incorp. TX
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1057255818977125
Cash and cash equivalents62444056596991
Short-term investments4328142630834
Total current assets:1057255818977125
Noncurrent Assets
Finance lease, right-of-use asset00
Operating lease, right-of-use asset00
Property, plant and equipment6666767
Deferred income tax assets14 
Total noncurrent assets:21766767
Other undisclosed assets1,3451,4141,4551,4311,4241,4191,325
TOTAL ASSETS:1,4711,4931,5161,5181,5191,5021,457
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Estimated litigation liability      0
Total current liabilities:      0
Noncurrent Liabilities
Other undisclosed liabilities1,0321,0631,1061,0931,0631,0481,010
Total liabilities:1,0321,0631,1061,0931,0631,0481,010
Stockholders' equity
Stockholders' equity attributable to parent439430410425456454447
Common stock0000000
Treasury stock, value(22)(22)(22)(22)(22)(22)(22)
Additional paid in capital215213211210208205199
Accumulated other comprehensive income (loss)2112(1)4(0)33
Retained earnings225227221234270269267
Total stockholders' equity:439430410425456454447
TOTAL LIABILITIES AND EQUITY:1,4711,4931,5161,5181,5191,5021,457

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues339370378375397401404
Premiums earned, net304333350
Financial services revenue346369375376
Cost of revenue(202)(225)(255)(214)(203)(216)(289)
Policyholder benefits and claims incurred, net(157)(176)(205)
Deferred policy acquisition costs, amortization expense(42)(45)(46)   (44)
Financial services costs(209)(199)(215)(245)
Gross profit:137145123161193185115
Operating expenses(24)(26)(27)(50)(51)(52)(54)
Operating income:1141209611114213361
Nonoperating expense
(Investment Income, Nonoperating)
      (1)
Interest and debt expense(0)(0)     
Income from continuing operations before equity method investments, income taxes:1141209611114213359
Other undisclosed income (loss) from continuing operations before income taxes(7)(4)(9)(28)(29)(32)15
Income from continuing operations before income taxes:107116888211310174
Income tax expense(20)(23)(16)(36)(35)(31)(20)
Net income available to common stockholders, diluted:87937246787054

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:87937246787054
Comprehensive income:87937246787054
Other undisclosed comprehensive income (loss), net of tax, attributable to parent913(4)4(3)(0)7
Comprehensive income, net of tax, attributable to parent:951066750757061

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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