Amerisafe Stock Fair Value – AMERISAFE Reports Profitable Second Quarter Results for Fiscal Year 2023

August 26, 2023

☀️Earnings Overview

On June 30, 2023, AMERISAFE ($NASDAQ:AMSF) released their financial results for the second quarter of their fiscal year ending in 2023 which reported total revenue of USD 75.7 million – an 11.2% increase from the same quarter of the previous year. Net income increased by a staggering 155.0% to USD 15.6 million.

Share Price

The company’s stock opened at $56.1 and closed at $55.7, down 0.5% from its previous closing price of $56.0. Despite the small decline, investors were generally pleased with the news as the company beat expectations for revenue and earnings. This was driven by an increase in premiums earned and an uptick in net investment income.

Overall, Amerisafe’s second quarter results indicate that the company is continuing to perform well in a challenging economic environment. The company’s strong results for the quarter will hopefully be a sign of good things to come in the future. AMERISAFE_Reports_Profitable_Second_Quarter_Results_for_Fiscal_Year_2023″>Live Quote…

About the Company

  • AMERISAFE_Reports_Profitable_Second_Quarter_Results_for_Fiscal_Year_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Amerisafe. AMERISAFE_Reports_Profitable_Second_Quarter_Results_for_Fiscal_Year_2023″>More…

    Total Revenues Net Income Net Margin
    305.31 65.11 21.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Amerisafe. AMERISAFE_Reports_Profitable_Second_Quarter_Results_for_Fiscal_Year_2023″>More…

    Operations Investing Financing
    34.54 75.43 -112.87
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Amerisafe. AMERISAFE_Reports_Profitable_Second_Quarter_Results_for_Fiscal_Year_2023″>More…

    Total Assets Total Liabilities Book Value Per Share
    1.3k 958.35 17.38
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Amerisafe are shown below. AMERISAFE_Reports_Profitable_Second_Quarter_Results_for_Fiscal_Year_2023″>More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -4.6% 18.3%
    FCF Margin ROE ROA
    10.7% 10.7% 3.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Amerisafe Stock Fair Value

    At GoodWhale, we have conducted an analysis of AMERISAFE‘s financials. Our proprietary Valuation Line concluded that the fair value of AMERISAFE share is around $55.0. Currently, AMERISAFE stock is traded at $55.7. This indicates an overvaluation of 1.3%. Therefore, it is not the ideal time to purchase AMERISAFE stock as you may be overpaying for the shares. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    The company operates in 28 states and offers insurance to more than 19,000 policyholders. AMERISAFE‘s competitors include Employers Holdings Inc, Protector Forsikring ASA, and Trean Insurance Group Inc.

    – Employers Holdings Inc ($NYSE:EIG)

    Employers Holdings, Inc. is a holding company that operates through its subsidiaries as a specialty provider of workers’ compensation insurance and services focused on select small businesses in the United States. The company operates in two segments, Insurance, and Reinsurance. The Insurance segment writes primary workers’ compensation insurance and provides risk management services in 13 states. This segment offers loss control services, including on-site visits and seminars; claims management services; and policyholder services, such as online policy management and billing options. The Reinsurance segment provides excess workers’ compensation reinsurance in the United States.

    – Protector Forsikring ASA ($LTS:0JXF)

    Protector Forsikring ASA is a Norwegian insurance company with a market cap of 9.97 billion as of 2022. The company offers a range of insurance products, including property and casualty, life, and health insurance. It also provides asset management and investment services.

    – Trean Insurance Group Inc ($NASDAQ:TIG)

    Trean Insurance Group, Inc. is a holding company, which engages in the provision of insurance and reinsurance products. It operates through the following segments: Property and Casualty, Specialty Lines, and Corporate and Other. The Property and Casualty segment writes general liability, automobile, workers’ compensation, and other commercial lines of business. The Specialty Lines segment provides professional liability, surety, and other specialty lines of insurance. The Corporate and Other segment includes intercompany eliminations and other general corporate expenses. The company was founded on February 28, 2002 and is headquartered in New York, NY.


    AMERISAFE has reported strong financial results for the second quarter of their fiscal year ending 2023. Total revenue increased 11.2% year-on-year to USD 75.7 million, while net income grew 155.0% to USD 15.6 million. Investors should consider the potential of AMERISAFE as a long-term investment; with healthy revenue and income growth, its stock could potentially appreciate in value over time. The company’s performance in the second quarter further cements its established track record of success, making it a viable option for those interested in investing in the stock market.

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