Here's What Key Metrics Tell Us About Amerisafe (AMSF) Q1 Earnings

Core Insights - Amerisafe reported revenue of $75.94 million for Q1 2024, a year-over-year decline of 1.1%, with EPS of $0.69 compared to $0.83 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $75.22 million by 0.95%, and the EPS surpassed the consensus estimate of $0.66 by 4.55% [1] Financial Metrics - Net Loss Ratio was 58.4%, better than the average estimate of 60% [2] - Net Combined Ratio stood at 87.3%, compared to the average estimate of 88.7% [2] - Net Underwriting Expense Ratio was 27.3%, lower than the estimated 28% [2] - Net Investment Income was $7.37 million, below the estimated $8.02 million, reflecting a -0.9% change year-over-year [2] - Fee and Other Income was $0.12 million, significantly lower than the estimated $0.18 million, representing a -37.6% change year-over-year [2] - Net Premiums Earned were $68.45 million, slightly above the estimated $67.03 million, also reflecting a -1.1% change year-over-year [2] Stock Performance - Amerisafe shares returned +3.1% over the past month, outperforming the Zacks S&P 500 composite, which declined by -3% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]