UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-12251 | --- | --- | --- | --- | --- | |-----------------------------------------|-------|-------------------------------------------------------- ...

AMERISAFE, Inc. (NASDAQ:AMSF) Q3 2022 Earnings Conference Call October 27, 2022 10:30 AM ET Company Participants Kathryn Shirley - Chief Administrative Officer Janelle Frost - President and CEO Andy Omiridis - Chief Financial Officer Conference Call Participants Mark Hughes - Truist Matt Carletti - JMP Operator Good day. And welcome to the AMERISAFE 2022 Third Quarter Earnings Conference Call. Today’s conference is being recorded. At this time, I’d like to turn the conference over to Kathryn Shirley, Chief ...

AMERISAFE, Inc. (NASDAQ:AMSF) Q2 2022 Earnings Conference Call July 29, 2022 10:30 AM ET Company Participants Vincent Gagliano - Chief Risk Officer Janelle Frost - President and Chief Executive Officer Neal Fuller - Chief Financial Officer Conference Call Participants Matt Carletti - JMP Mark Hughes - Truist Operator Good day and welcome to the AMERISAFE 2022 Second Quarter Earnings Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Mr. Vincent G ...

Financial Data and Key Metrics Changes - The combined ratio for the quarter was 80.1%, supported by strong policy retention and favorable prior year case development [6] - Net income for Q1 2022 was $17.3 million or $0.89 per diluted share, compared to $19.3 million or $0.99 per diluted share in Q1 2021 [10] - Operating net income increased by 8% to $15.9 million or $0.82 per share from the previous year [10] - Revenues decreased to $75.6 million from $83.4 million in the same quarter last year [10] - Net premiums earned decreased by 4.5% to $67.6 million compared to $70.7 million in Q1 2021 [11] - Total underwriting and other expenses were $15.1 million, down from $19 million in Q1 2021, leading to an expense ratio of 22.4% compared to 26.8% [14] Business Line Data and Key Metrics Changes - Premiums written in the quarter were down 4.6% from Q1 2021, with a policy count decrease of 1.1% [6][7] - Audit premium and related adjustments increased by $2.8 million in the quarter, a significant improvement from $300,000 in Q1 2021 [7] - The average loss cost declined by 8.2%, with the ELCM index remaining at 154 [6][7] Market Data and Key Metrics Changes - Wage inflation was identified as the primary driver of payroll increases, with a reported increase of 7.3% in Q1 2022 [19] - Employee count increased by 1.9% in Q1 2022, compared to 1.2% in the previous quarter [19] Company Strategy and Development Direction - The company is focused on maintaining discipline in pricing amidst a competitive marketplace, with carriers seeking market share in a declining rate environment [6][30] - The company has increased its allocation to corporate bonds, finding attractive opportunities while slightly decreasing its allocation to municipal bonds [13] Management's Comments on Operating Environment and Future Outlook - Management noted that the competitive environment remains steady, with no significant influx of new competitors [30] - The company expects positive net investment income growth in the latter half of the year, following a tough comparison in the next quarter [12] Other Important Information - The company repurchased shares totaling $2.1 million during the quarter, with $22.9 million remaining in its authorization [9][15] - The tax equivalent yield on the investment portfolio was 2.75% at the end of Q1 2022 [12] - Book value per share decreased slightly to $20.46 from $20.62 at year-end [16] Q&A Session Summary Question: Can you provide more detail on better-than-expected payrolls? - Management indicated payroll growth was up 7.3%, with significant contributions from services and construction sectors [19] Question: What is the comparison number for audit and adjustment premiums from last year? - Last year's second quarter audit and other premiums were $0.5 million [24] Question: What is the outlook for new money yield versus book yield? - New money rates have risen, and management is looking to invest longer due to attractive yields [26] Question: How is the competitive environment for signing new customers? - The competitive market remains steady, with no significant changes in the ability to sign new customers [30] Question: Can you provide context on claim frequency compared to pre-COVID levels? - Claim frequency is down compared to pre-COVID levels, with reported claims in Q1 2021 being less than 1,000 [36]

AMERISAFE, Inc. (NASDAQ:AMSF) Q4 2021 Earnings Conference Call February 23, 2022 10:30 AM ET Company Participants Kathryn Shirley - EVP, CAO & Secretary Janelle Frost - President & CEO Neal Fuller - EVP & CFO Conference Call Participants Mark Hughes - Truist Matt Carletti - JMP Securities Operator Good day, and welcome to AMERISAFE 2021 Fourth Quarter and Full Year Earnings Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Kathryn Shirley, Chief Adm ...

AMERISAFE, Inc. (NASDAQ:AMSF) Q3 2021 Earnings Conference Call October 28, 2021 10:30 AM ET Company Participants Kathryn Shirley - Chief Administrative Officer Janelle Frost - President and CEO Neal Fuller - CFO Conference Call Participants Mark Hughes - Truist Matt Carletti - JMP Operator Good day, and welcome to the AMERISAFE 2021 Third Quarter Earnings Conference Call. [Operator Instructions] At this time, I'd like to turn the conference over to Kathryn Shirley, Chief Administrative Officer. Please go ah ...