AMERISAFE, Inc. (AMSF) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7255818977125207
Cash and cash equivalents444056596991123
Short-term investments2814263083484
Total current assets:7255818977125207
Noncurrent Assets
Finance lease, right-of-use asset0
Operating lease, right-of-use asset0
Property, plant and equipment6667678
Total noncurrent assets:7667678
Other undisclosed assets1,4141,4551,4311,4241,4191,3251,114
TOTAL ASSETS:1,4931,5161,5181,5191,5021,4571,329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Estimated litigation liability     0 
Total current liabilities:     0 
Noncurrent Liabilities
Other undisclosed liabilities1,0631,1061,0931,0631,0481,010912
Total liabilities:1,0631,1061,0931,0631,0481,010912
Stockholders' equity
Stockholders' equity attributable to parent430410425456454447417
Common stock0000000
Treasury stock, value(22)(22)(22)(22)(22)(22)(22)
Additional paid in capital213211210208205199193
Accumulated other comprehensive income (loss)12(1)4(0)33(4)
Retained earnings227221234270269267251
Total stockholders' equity:430410425456454447417
TOTAL LIABILITIES AND EQUITY:1,4931,5161,5181,5191,5021,4571,329

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues370378375397401404356
Premiums earned, net333350
Financial services revenue346369375376330
Cost of revenue(225)(255)(214)(203)(216)(289)(229)
Policyholder benefits and claims incurred, net(176)(205)
Deferred policy acquisition costs, amortization expense(45)(46)   (44)41
Financial services costs(209)(199)(215)(245)(229)
Gross profit:145123161193185115127
Operating expenses(26)(27)(50)(51)(52)(54)(27)
Operating income:1209611114213361100
Nonoperating expense
(Investment Income, Nonoperating)
     (1)(0)
Interest and debt expense(0)      
Income from continuing operations before equity method investments, income taxes:1209611114213359100
Other undisclosed income (loss) from continuing operations before income taxes(4)(9)(28)(29)(32)15(41)
Income from continuing operations before income taxes:11688821131017459
Income tax expense(23)(16)(36)(35)(31)(20)(16)
Net income attributable to parent:93724678705444
Other undisclosed net loss available to common stockholders, basic      (0)
Net income available to common stockholders, diluted:93724678705443

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:93724678705444
Comprehensive income:93724678705444
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13(4)4(3)(0)7(7)
Comprehensive income, net of tax, attributable to parent:106675075706136

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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