AMERISAFE Reports Revenue Growth and Profitability Increase in Q2 2026

AMERISAFE, Inc. reported its financial results for the second quarter and first half of 2026, showing a notable increase in revenue and profitability compared to the same period in 2025. For the three months ended June 30, 2026, the company generated total revenues of $91.97 million, up 13.5% from $81.09 million in the prior year. Net income for the quarter was $14.60 million, reflecting a 4.6% increase from $13.96 million in the same quarter of 2025. Diluted earnings per share rose to $0.78, compared to $0.73 a year earlier.

In the first half of 2026, AMERISAFE's total revenues reached $172.06 million, a 12% increase from $153.69 million in the first half of 2025. Net income for the six-month period was $22.74 million, slightly down from $22.90 million in the previous year. The company attributed the revenue growth primarily to an increase in gross premiums written, which rose to $174.47 million from $163.49 million, driven by higher voluntary premiums and adjustments from payroll audits.

Operationally, AMERISAFE reported a net combined ratio of 95.4% for the second quarter, indicating effective underwriting performance, although it was slightly higher than the 91.7% reported in the same quarter of 2025. The company experienced an increase in loss and loss adjustment expenses (LAE) incurred, totaling $48.34 million for the quarter, up from $40.66 million a year prior. This increase was attributed to higher claims activity, particularly in hazardous industries where the company focuses its insurance offerings.

AMERISAFE continues to expand its market presence, actively marketing its insurance products in 27 states and holding licenses in an additional 20 states, the District of Columbia, and the U.S. Virgin Islands. The company has also been engaged in share repurchase activities, having repurchased 184,093 shares for $5.6 million during the second quarter. As of June 30, 2026, AMERISAFE had 18,536,058 shares of common stock outstanding, down from 18,794,881 at the end of 2025.

Looking ahead, AMERISAFE remains focused on its strategic initiatives to enhance its underwriting performance and manage claims effectively. The company anticipates continued growth in its premium base, supported by its proactive safety reviews and claims management practices. However, it acknowledges potential challenges from market conditions and competitive pressures in the workers' compensation insurance sector.