📊 AMSF Key Takeaways
Is Amerisafe Inc. (AMSF) a Good Investment?
AmeriSafe demonstrates solid operational profitability with an 18.6% operating margin and strong 18.7% ROE, supported by consistent revenue growth of 2.7% YoY. However, the company faces meaningful headwinds from declining diluted EPS (-14.5% YoY), weak free cash flow conversion (2.8% FCF margin), and significantly elevated liabilities relative to equity, which warrant cautious monitoring.
AMERISAFE shows solid core profitability, with an 18.6% operating margin, 14.9% net margin, and a strong 18.7% ROE, while carrying no meaningful balance-sheet leverage. However, growth quality looks mixed because revenue rose only 2.7%, net income was flat, diluted EPS fell 14.5%, and free cash flow conversion was weak relative to reported earnings.
Why Buy Amerisafe Inc. Stock? AMSF Key Strengths
- Strong operating margin of 18.6% and net margin of 14.9% demonstrate efficient core underwriting operations
- Exceptional ROE of 18.7% indicates effective deployment of shareholder capital despite moderate asset base
- Fortress balance sheet with zero long-term debt and zero leverage provides financial flexibility and stability
- Healthy interest coverage ratio of 104.0x reflects minimal financial distress risk
- Consistent revenue growth of 2.7% YoY in a stable insurance sector
- Strong underwriting and operating profitability, reflected in healthy operating and net margins
- Conservative financial structure with 0.00x debt-to-equity and very high interest coverage
- Respectable returns on equity and assets, indicating efficient use of capital for an insurer
AMSF Stock Risks: Amerisafe Inc. Investment Risks
- Diluted EPS declined 14.5% YoY while net income remained flat, indicating significant share dilution or expense growth
- Weak free cash flow generation of only $8.9M on $317.3M revenue (2.8% FCF margin) constrains capital allocation flexibility
- Elevated liabilities of $878.9M represent 78.8% of total assets; likely insurance reserves but warrants monitoring of claims trends
- Operating cash flow of $11.1M is extremely low relative to net income of $47.1M, suggesting potential earnings quality concerns
- Insider activity shows 12 Form 4 filings in 90 days; extent of buying vs. selling should be monitored for management confidence signals
- Earnings growth is stalling, with flat net income and declining diluted EPS despite revenue growth
- Cash generation is weak versus accounting earnings, with only $8.92M of free cash flow on $47.15M of net income
- Balance sheet liabilities are high relative to equity, which is normal for insurance but increases sensitivity to reserve or claims deterioration
Key Metrics to Watch
- Claims loss ratios and combined underwriting ratios to assess insurance portfolio health
- Operating cash flow conversion and working capital dynamics to explain cash generation gap
- Diluted share count trends and reasons for year-over-year EPS decline despite flat net income
- Investment portfolio performance and unrealized gains/losses on fixed income securities
- Premium growth rates by segment to validate revenue sustainability beyond reported 2.7% growth
- Operating cash flow and free cash flow conversion versus net income
- Net income per diluted share and operating margin trend
Amerisafe Inc. (AMSF) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 2.8% FCF margin may limit capital allocation flexibility. The current ratio below 1.0x warrants monitoring of short-term liquidity.
AMSF Profit Margin, ROE & Profitability Analysis
AMSF vs Finance Sector: How Amerisafe Inc. Compares
How Amerisafe Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Amerisafe Inc. Stock Overvalued? AMSF Valuation Analysis 2026
Based on fundamental analysis, Amerisafe Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Amerisafe Inc. Balance Sheet: AMSF Debt, Cash & Liquidity
AMSF Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Amerisafe Inc.'s revenue has declined by 14% over the 5-year period, indicating business contraction. The most recent EPS of $3.23 reflects profitable operations.
AMSF Revenue Growth, EPS Growth & YoY Performance
AMSF Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $78.7M | $13.8M | $0.72 |
| Q2 2025 | $75.8M | $11.0M | $0.57 |
| Q1 2025 | $72.6M | $8.9M | $0.47 |
| Q3 2024 | $72.6M | $10.0M | $0.52 |
| Q2 2024 | $75.7M | $11.0M | $0.57 |
| Q1 2024 | $78.4M | $16.9M | $0.88 |
| Q3 2023 | $71.4M | $10.0M | $0.52 |
| Q2 2023 | $68.0M | $6.1M | $0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Amerisafe Inc. Dividends, Buybacks & Capital Allocation
AMSF SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Amerisafe Inc. (CIK: 0001018979)
📋 Recent SEC Filings
❓ Frequently Asked Questions about AMSF
What is the AI rating for AMSF?
Amerisafe Inc. (AMSF) has a Combined AI Rating of BUY from Claude (BUY) and ChatGPT (HOLD) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are AMSF's key strengths?
Claude: Strong operating margin of 18.6% and net margin of 14.9% demonstrate efficient core underwriting operations. Exceptional ROE of 18.7% indicates effective deployment of shareholder capital despite moderate asset base. ChatGPT: Strong underwriting and operating profitability, reflected in healthy operating and net margins. Conservative financial structure with 0.00x debt-to-equity and very high interest coverage.
What are the risks of investing in AMSF?
Claude: Diluted EPS declined 14.5% YoY while net income remained flat, indicating significant share dilution or expense growth. Weak free cash flow generation of only $8.9M on $317.3M revenue (2.8% FCF margin) constrains capital allocation flexibility. ChatGPT: Earnings growth is stalling, with flat net income and declining diluted EPS despite revenue growth. Cash generation is weak versus accounting earnings, with only $8.92M of free cash flow on $47.15M of net income.
What is AMSF's revenue and growth?
Amerisafe Inc. reported revenue of $317.3M.
Does AMSF pay dividends?
Amerisafe Inc. pays dividends, with $62.7M distributed to shareholders in the trailing twelve months.
Where can I find AMSF SEC filings?
Official SEC filings for Amerisafe Inc. (CIK: 0001018979) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is AMSF's EPS?
Amerisafe Inc. has a diluted EPS of $2.47.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is AMSF a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Amerisafe Inc. has a BUY rating with 74% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is AMSF stock overvalued or undervalued?
Valuation metrics for AMSF: ROE of 18.7% (sector avg: 12%), net margin of 14.9% (sector avg: 25%). Higher ROE suggests strong returns relative to peers.
Should I buy AMSF stock in 2026?
Our dual AI analysis gives Amerisafe Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is AMSF's free cash flow?
Amerisafe Inc.'s operating cash flow is $11.1M, with capital expenditures of $2.1M. FCF margin is 2.8%.
How does AMSF compare to other Finance stocks?
Vs Finance sector averages: Net margin 14.9% (avg: 25%), ROE 18.7% (avg: 12%), current ratio N/A (avg: 1.2).