AMERISAFE, Inc. (AMSF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
AMERISAFE, Inc. (AMSF) trades at $34.79 with AI Score 48/100 (Grade C). AMERISAFE, Inc. is a specialty insurance provider focusing on workers' compensation for hazardous industries. Market cap: $650.63M, Sector: Financial services.
Price live · AI analysis from May 9, 2026AMSF stock analysis for 2026: Analysts have set a consensus price target of $55.00 for AMERISAFE, Inc., suggesting 58.1% upside from the current price of $34.79. The AI MoonshotScore is 48/100, indicating a neutral outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
AMSF: the 1 perspectives are evenly split.
How is this calculated? →AMERISAFE, Inc. (AMSF) Financial Services Profile
AMERISAFE, Inc. specializes in workers' compensation insurance for high-hazard industries, differentiating itself through tailored risk management and loss control programs. With a focus on underserved markets, the company maintains a strong presence in sectors like construction, trucking, and manufacturing, demonstrating consistent profitability and a high dividend yield.
What Is the Investment Thesis for AMSF?
AMERISAFE, Inc. presents a compelling investment case due to its specialization in the high-hazard workers' compensation market, which allows for pricing discipline and focused risk management. The company's consistent profitability, demonstrated by a 14.3% profit margin, and a substantial 8.50% dividend yield, offer attractive returns for investors. Growth catalysts include expansion into new geographic markets and further penetration of existing high-hazard industries. The company's strong free cash flow of $0.04 billion provides financial flexibility for strategic initiatives and shareholder returns. However, potential risks include regulatory changes and economic downturns that could impact premium volumes and investment income. The company's beta of 0.37 indicates lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
AMSF Key Highlights
- AMERISAFE's profit margin stands at 14.3%, reflecting efficient underwriting and claims management.
- The company offers a high dividend yield of 8.50%, providing a significant income stream for investors.
- AMERISAFE's free cash flow is $0.04 billion, indicating strong financial health and flexibility.
- The company's gross margin is 47.6%, showcasing its ability to maintain profitability in a competitive market.
- With a beta of 0.37, AMERISAFE exhibits lower volatility compared to the overall market, making it a potentially stable investment.
Who Are AMSF's Competitors?
AMSF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| HIG The Hartford Financial Services Group, Inc. | $137.64 | -0.15% | 38B | 96 |
| CINF Cincinnati Financial Corporation | $189.59 | -1.27% | $29.33B | 98 |
| RYAN Ryan Specialty Group Holdings, Inc. | $41.35 | -1.62% | $5.35B | 68 |
| FAF First American Financial Corporation | $70.10 | +0.89% | $7.14B | 62 |
| LCSHF Lancashire Holdings Limited | $8.40 | +0.00% | $2.04B | 58 |
| ACMTA ACMAT Corporation | $18.29 | +0.00% | $14.10M | 55 |
| TIG Trean Insurance Group, Inc. | $6.16 | +0.00% | 48 | |
| ACMT ACMAT Corporation | $23.00 | +0.00% | $29.77M | 49 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are AMSF's Key Strengths?
- Specialization in high-hazard industries.
- Strong underwriting discipline.
- High dividend yield.
- Experienced management team.
What Are AMSF's Weaknesses?
- Concentration in specific industries makes it vulnerable to sector-specific downturns.
- Smaller size compared to larger national carriers.
- Geographic concentration in certain regions.
- Reliance on independent agents for distribution.
What Could Drive AMSF Stock Higher?
- Potential regulatory changes in key states could impact premium rates and market access.
- Expansion into new geographic markets is expected to drive revenue growth.
- Continued focus on risk management and loss control to improve underwriting profitability.
- Investment in technology to enhance efficiency and customer service.
What Are the Key Risks for AMSF?
- Financial-distress signal — its Altman Z-Score of 0.64 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns could reduce employment and premium volume.
- Rising healthcare costs could increase claims expenses.
- Increased competition from larger national carriers could put pressure on pricing.
- Regulatory changes impacting workers' compensation insurance.
- Catastrophic events could lead to significant claims losses.
What Are the Growth Opportunities for AMSF?
- Expansion into new geographic markets represents a significant growth opportunity for AMERISAFE. By targeting states with growing industrial sectors and underserved high-hazard industries, the company can increase its premium volume and market share. For example, states in the Southeast and Southwest regions experiencing rapid construction growth present attractive expansion targets. This expansion strategy requires careful assessment of local regulatory environments and competitive landscapes, but offers the potential to significantly boost AMERISAFE's revenue and profitability. The timeline for this expansion is estimated at 2-3 years, with a potential market size of $500 million in new premiums.
- Further penetration of existing high-hazard industries offers another avenue for growth. AMERISAFE can deepen its relationships with existing clients and attract new customers by offering enhanced risk management services and tailored insurance solutions. This includes developing specialized programs for specific sub-sectors within construction, trucking, and manufacturing. By becoming a trusted partner in safety and risk mitigation, AMERISAFE can increase customer retention and premium volume. The market size for this opportunity is estimated at $300 million in additional premiums over the next 3 years, driven by increased awareness of workplace safety and regulatory compliance.
- Leveraging technology to improve underwriting and claims management can drive efficiency and profitability. By investing in data analytics and automation, AMERISAFE can enhance its risk assessment capabilities, reduce claims processing costs, and improve customer service. This includes implementing AI-powered tools for fraud detection and predictive modeling to identify high-risk claims. The potential cost savings from these technological improvements are estimated at $5 million per year, with a timeline of 1-2 years for implementation. This will also allow for more competitive pricing and better risk selection.
- Developing specialized insurance products for emerging high-hazard industries can create new revenue streams. As new technologies and industries emerge, AMERISAFE can develop tailored insurance solutions to address the unique risks associated with these sectors. For example, the growing renewable energy industry, including solar and wind power, presents new opportunities for workers' compensation insurance. By being an early mover in these emerging markets, AMERISAFE can establish a competitive advantage and capture significant market share. The market size for this opportunity is estimated at $200 million in premiums over the next 5 years.
- Strategic acquisitions of smaller, specialized insurance providers can accelerate growth and expand AMERISAFE's market presence. By acquiring companies with complementary expertise and geographic reach, AMERISAFE can quickly expand its product offerings and customer base. This includes targeting companies with strong relationships in specific high-hazard industries or regions. Strategic acquisitions can also provide access to new technologies and talent. The timeline for this opportunity is ongoing, with a potential market size of $100 million in acquired premiums over the next 3 years. This strategy would require careful due diligence and integration to ensure a successful outcome.
What Opportunities Does AMSF Have?
- Expansion into new geographic markets.
- Development of specialized insurance products for emerging industries.
- Leveraging technology to improve underwriting and claims management.
- Strategic acquisitions of smaller competitors.
What Threats Does AMSF Face?
- Regulatory changes impacting workers' compensation insurance.
- Economic downturns reducing employment and premium volume.
- Increased competition from larger national carriers.
- Rising healthcare costs increasing claims expenses.
What Are AMSF's Competitive Advantages?
- Specialization in high-hazard industries creates a barrier to entry for generalist insurance providers.
- Deep expertise in risk assessment and loss control for specific industries.
- Strong relationships with clients built on tailored safety programs and claims management.
- Established reputation for providing reliable and responsive service.
- Proprietary data and analytics for underwriting and claims management.
What Does AMSF Do?
AMERISAFE, Inc., incorporated in 1985 and based in DeRidder, Louisiana, operates as an insurance holding company underwriting workers' compensation insurance in the United States. The company targets small to mid-sized employers in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime. AMERISAFE's policies provide benefits to injured employees, covering temporary or permanent disability, death, and medical and hospital expenses. AMERISAFE has carved a niche by focusing on industries often overlooked by larger insurance carriers. This specialization allows them to develop deep expertise in risk assessment and loss control specific to these sectors. The company's business model emphasizes close relationships with its clients, providing tailored safety programs and claims management services. This hands-on approach aims to reduce workplace accidents and control costs, benefiting both AMERISAFE and its policyholders. AMERISAFE's geographic reach spans across the United States, with a strategic focus on states with significant industrial activity and underserved markets. The company's commitment to specialized underwriting and proactive risk management has enabled it to maintain a strong financial performance and a leading position in the specialty workers' compensation market.
What Products and Services Does AMSF Offer?
- Underwrites workers' compensation insurance policies.
- Provides benefits to injured employees for temporary or permanent disability.
- Covers medical and hospital expenses related to workplace injuries.
- Serves small to mid-sized employers in hazardous industries.
- Offers tailored risk management and loss control programs.
- Focuses on industries like construction, trucking, and manufacturing.
- Provides death benefits to families of employees who die from work-related incidents.
How Does AMSF Make Money?
- Generates revenue primarily through premiums collected from workers' compensation insurance policies.
- Manages risk through underwriting and loss control programs to minimize claims.
- Invests premium income to generate additional revenue.
- Focuses on maintaining a balance between premium income, claims expenses, and operating costs to achieve profitability.
What Industry Does AMSF Operate In?
AMERISAFE operates within the specialty insurance sector, specifically focusing on workers' compensation for high-hazard industries. This niche market is characterized by higher premiums due to the increased risk, but also requires specialized expertise in risk management and loss control. The competitive landscape includes both large national carriers and smaller regional players. AMERISAFE differentiates itself through its deep understanding of specific high-hazard industries and its commitment to providing tailored safety programs. The workers' compensation insurance market is influenced by factors such as employment rates, regulatory changes, and healthcare costs. As of 2026, the industry is experiencing moderate growth, driven by increasing demand from sectors like construction and manufacturing.
Who Are AMSF's Key Customers?
- Small to mid-sized employers in construction.
- Trucking companies.
- Logging and lumber businesses.
- Manufacturing firms.
- Telecommunications companies.
- Agricultural businesses.
- Maritime companies.
AMERISAFE, Inc. (AMSF) Valuation Context
Valued at $650.63M, AMSF is classified as a small-cap stock. Relative to its peer group, AMSF's quantitative score of 48/100 is below the peer average of 76/100.
AMSF Revenue & Earnings Trend
In Q1 2026, AMSF generated $80.1M in top-line revenue, marking a sequential decrease of 1.8%. The company recorded net income of $8.1M, with diluted EPS of $0.43. Revenue has contracted over three consecutive quarters, which investors in this small-cap Financial Services stock should monitor closely. Across the four most recent quarters, AMSF averaged $0.61 in diluted EPS.
Company Profile
AMERISAFE, Inc. operates in the Insurance - Specialty industry within the Financial Services sector. It is headquartered in Deridder, US. The company is led by CEO Gerry Janelle Frost. AMSF has traded publicly since 2005.
ROE 18%Key Financial Metrics
Return on equity for AMERISAFE, Inc. stands at 17.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.1%, showing how much profit it generates from its asset base. AMSF trades at a trailing price-to-earnings ratio of 15.81, below the Financial Services sector average of ~18x. Its free cash flow yield is 1.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.54 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 8.1%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 7/9Financial Health
AMERISAFE, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.64 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project AMERISAFE, Inc. revenue of about $333.7M for fiscal 2026, with EPS near $2.10.
AMSF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in AMERISAFE's future performance, indicating that insiders believe the stock is undervalued.
- Community sentiment has turned positive as discussions around the company's strong safety record and niche market focus gain traction.
- The insurance sector is showing resilience, with AMERISAFE positioned well to benefit from regulatory changes that may favor its business model.
- Analysts have highlighted AMERISAFE's strong fundamentals, including its consistent premium growth and effective loss control strategies.
Bear Case
- Concerns over potential economic downturns could impact the demand for workers' compensation insurance, affecting AMERISAFE's revenue.
- Social sentiment has shown some skepticism, particularly around the company's ability to adapt to changing market conditions and competition.
- Recent discussions have pointed to regulatory risks that could impose additional costs on the company, dampening profit margins.
- Some investors remain cautious due to the overall volatility in the insurance sector, which could overshadow AMERISAFE's strengths.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $80M | $8M | $0.43 |
| Q4 2025 | $82M | $10M | $0.55 |
| Q3 2025 | $82M | $14M | $0.72 |
| Q2 2025 | $81M | $14M | $0.73 |
Based on FMP financials and quantitative analysis
AMSF Latest News
No recent news available for AMSF.
AMSF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AMSF.
Price Targets
Consensus target: $55.00
AMSF MoonshotScore
What does this score mean?
The MoonshotScore rates AMSF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Gerry Janelle Frost
CEO
Gerry Janelle Frost has served as the Chief Executive Officer of AMERISAFE, Inc. since an Unknown year. Frost brings extensive experience in the insurance industry, with a background in underwriting, claims management, and risk assessment. Prior to joining AMERISAFE, Frost held leadership positions at several regional insurance companies, where they were responsible for developing and implementing strategic growth initiatives. Frost's expertise in the workers' compensation market and their commitment to building strong relationships with clients and employees have been instrumental in AMERISAFE's success.
Track Record: Under Gerry Janelle Frost's leadership, AMERISAFE has maintained a strong financial performance, with consistent profitability and a high dividend yield. Frost has overseen the company's expansion into new geographic markets and the development of specialized insurance products. Key milestones under Frost's tenure include the implementation of advanced data analytics for underwriting and claims management and the successful integration of strategic acquisitions.
What Investors Ask About AMERISAFE, Inc. (AMSF) — Financial Services
What does AMERISAFE, Inc. do?
AMERISAFE, Inc. is a specialty insurance provider focused on workers' compensation for high-hazard industries. The company underwrites insurance policies that provide benefits to injured employees for temporary or permanent disability, death, and medical expenses. AMERISAFE targets small to mid-sized employers in sectors such as construction, trucking, logging, and manufacturing. The company differentiates itself through its deep expertise in risk assessment and loss control, providing tailored solutions to help clients reduce workplace accidents and manage costs. AMERISAFE's business model emphasizes close relationships with its policyholders, offering proactive safety programs and claims management services.
What do analysts say about AMSF stock?
Analyst consensus on AMERISAFE, Inc. (AMSF) is mixed, with opinions varying based on the company's growth prospects, profitability, and risk factors. Key valuation metrics such as the P/E ratio of 15.8 and the dividend yield of 8.50% are closely monitored. Some analysts highlight the company's specialization in high-hazard industries as a competitive advantage, while others express concerns about the potential impact of regulatory changes and economic downturns. Growth considerations include expansion into new markets and the development of specialized insurance products. Analysts generally provide price targets based on their assessment of the company's future earnings and cash flow, but these targets are subject to change based on market conditions and company performance. No buy or sell recommendations are made here.
What are the main risks for AMSF?
AMERISAFE, Inc. faces several key risks, including regulatory changes impacting workers' compensation insurance, economic downturns reducing employment and premium volume, and increased competition from larger national carriers. Rising healthcare costs could also increase claims expenses, impacting profitability. The company's concentration in specific high-hazard industries makes it vulnerable to sector-specific downturns. Catastrophic events, such as major accidents or natural disasters, could lead to significant claims losses. Effective risk management and diversification strategies are crucial for mitigating these potential challenges. The company's ability to adapt to changing market conditions and maintain its competitive advantage will be critical for long-term success.
How does AMERISAFE, Inc. make money in financial services?
AMERISAFE, Inc. generates revenue primarily through the collection of premiums from its workers' compensation insurance policies. These premiums are calculated based on factors such as the industry, size, and risk profile of the insured employer. The company also generates investment income from the premiums it invests. AMERISAFE's profitability depends on its ability to accurately assess risk, effectively manage claims, and control operating expenses. The company's underwriting discipline and focus on high-hazard industries allow it to charge higher premiums, but also require specialized expertise in risk management and loss control. The company's financial performance is also influenced by factors such as interest rates, regulatory changes, and economic conditions.
What regulatory challenges does AMERISAFE, Inc. face?
AMERISAFE, Inc. operates in a highly regulated environment, with workers' compensation insurance subject to state-specific regulations. These regulations govern premium rates, benefit levels, and claims handling procedures. Changes in these regulations can significantly impact AMERISAFE's business. The company must also comply with various financial regulations, including capital requirements and solvency standards. Compliance costs can be substantial, and failure to comply can result in penalties and sanctions. AMERISAFE also faces regulatory scrutiny related to its underwriting practices and claims management procedures. The company must demonstrate that its policies are fair and non-discriminatory and that its claims are handled in a timely and efficient manner. Staying abreast of regulatory changes and maintaining a strong compliance program are essential for AMERISAFE's long-term success.
What are the key factors to evaluate for AMSF?
AMERISAFE, Inc. (AMSF) holds an AI score of 48/100 (low). P/E: 15.8x vs the S&P 500's ~20-25x. Analysts target $55.00 (+58%). Not financial advice.
How frequently does AMSF data refresh on this page?
AMSF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven AMSF's recent stock price performance?
AMERISAFE, Inc. (AMSF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialization in high-hazard industries. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- Financial data is as of the latest available reporting period.
- Analyst opinions and price targets are subject to change without notice.