AMERISAFE Inc 2025年季度报告

or 2301 Highway 190 West,DeRidder,Louisiana(Address of Principal Executive Offices)Registrant’s telephone number, including area code: (337)463-9052 Emerging growth companyIf an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐ Financial StatementsManagement’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures About Market Risk Other InformationExhibits This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E ofthe Securities Exchange Act of 1934. Forward-looking statements are all statements other than statements of historical facts. Youshould not place undue reliance on these statements. These forward-looking statements include statements that reflect the currentviews of our senior management with respect to our financial performance and future events with respect to our business and theinsurance industry in general. Statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,”“estimate,” “may,” “should,” “could,” “to be,” “anticipate” and similar statements of a future or forward-looking nature identifyforward-looking statements. Item 1. Financial Statements. Six Months Ended June 30, 2025 and 2024(in thousands, except share data)(unaudited)Common StockAdditionalPaid-InTreasury StockAccumulatedAccumulatedOtherComprehensiveSharesAmountsCapitalSharesAmountsEarningsLossBalance at December 31, 202420,733,166$207$223,956(1,682,851)$(42,052)$84,105$(8,875)$Comprehensive income:—————22,904—Other comprehensiveChange in unrealizedlosses on debtsecurities, net of tax——————1,314Comprehensive income:Common stock issued31,1891943————Purchase of treasury stock———(62,757)(2,796)——Share-based compensation——775————Dividends to shareholders—————(14,912)—Balance at June 30, 202520,764,355$208$225,674(1,745,608)$(44,848)$92,097$(7,561)$Accumulated (in thousands)(unaudited) 20252024Operating activitiesNet income$22,904$ Depreciation409Net amortization of investments446Change in investment related allowance for credit losses(28) Net unrealized (gains) losses on equity securities1,323Net realized losses on disposal of assets—Share-based compensation1,816Changes in operating assets and liabilities:Premiums receivable, net(23,314) Reinsurance balances1,248Amounts held for others and policyholder deposits(2,579)Federal income taxes recoverable(215) Investing activitiesPurchases of investments held-to-maturity Purchases of investments available-for-salePurchases of equity securities Purchases of short-term investments Proceeds from sales and maturities of investments available-for-sale15,628Proceeds from sales of equity securities8,232Purchases of property and equipment(1,084)Net cash provided by investing activities33,076 Purchase of treasury stock(2,796)Dividends to shareholders(14,910)Net cash used in financing activities(18,421)Change in cash and cash equivalents4,420Cash and cash equivalents at beginning of period44,045 9 claims and safety service company currently servicing only affiliated insurance companies. AGAI, a wholly owned subsidiary ofthe Company, is a general agent for the Company. AGAI sells insurance, which is underwritten by AIIC, SOCI and AIICTX, aswell as by nonaffiliated insurance carriers. subsidiaries, as the context requires.The Company provides workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries,principally construction, trucking, logging and lumber, agriculture, manufacturing, maritime, and telecommunications. Assets andrevenues of AIIC and its subsidiaries represent at least95% of comparable consolidated amounts of the Company for each of thesix months ended June 30, 2025 and 2024. adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, the results of operations andcash flows for the periods presented. The unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q under the Securities Exchange Act of 1934, as amended (the Exchange Act), and therefore do notinclude all information and footnotes to be in conformity with accounting principles generally accepted in the United States(GAAP). The results for the interim periods are not necessarily indicative of the results of operations that may be expected for theyear. The unaudited consolidated financial statements contained herein should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2024. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptionsthat affect the reported amounts of our assets, liabilities, revenues and expenses and related dis