AMERISAFE, Inc.

AMERISAFE, Inc. (NASDAQ: AMSF) is a specialty workers' compensation insurance carrier exclusively focused on small to mid-sized employers operating in high-hazard industries. Founded in 1986 and headquartered in DeRidder, Louisiana, the company has concentrated solely on workers' compensation for nearly four decades, developing deep underwriting expertise in high-risk sectors including construction, trucking, agriculture, logging, manufacturing, marine, and oil and gas. AMERISAFE actively writes in 27 states and holds an "A" (Excellent) financial strength rating from A.M. Best.

The company's "Safe Above All" philosophy drives a field-based service model in which Field Safety Professionals and Field Case Managers are embedded in the same regions as their policyholders. This hands-on approach enables proactive safety guidance, on-site loss control, and intensive claims management that reduces both accident frequency and severity. AMERISAFE achieved a 93.7% renewal retention rate in 2025 and a 94.2% policyholder retention rate in 2024, reflecting strong customer satisfaction in a niche where relationship and service quality matter greatly.

For fiscal year 2025, AMERISAFE reported gross premiums written of USD 313.9M, voluntary premium growth of 10.2%, and a combined ratio of 91.3%, demonstrating continued underwriting profitability. The company generated an 18.5% return on average equity and maintained USD 33.9M of favorable development on prior accident years through proactive claims management. The investment portfolio totaled USD 796.8M, concentrated in highly rated municipal bonds. Q4 2025 gross premium written grew 11.7%, marking the seventh consecutive quarter of top-line growth.