AMERISAFE Inc 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 AMERISAFE, INC. (Exact Name of Registrant as Specified in Its Charter) Registrant’s telephone number, including area code: (337) 463-9052 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe Registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of April 17, 2026, there were 18,703,771 shares of the Registrant’s common stock, par value $0.01 per share, outstanding. TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS3PART I - FINANCIAL INFORMATIONItem 1Financial Statements5Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3Quantitative and Qualitative Disclosures About Market Risk28Item 4Controls and Procedures28PART II - OTHER INFORMATIONItem 2Unregistered Sales of Equity Securities and Use of Proceeds29Item 5Other Information29Item 6Exhibits30 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 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”, “strive” and similar statements of a future or forward-looking natureidentify forward-looking statements. Forward-looking statements address matters that involve risks and uncertainties. Forward-looking statements are notguarantees of future performance. Accordingly, there are or will be important factors that could cause our actual results to differmaterially from those expressed or implied in these statements. We believe that these factors include, but are not limited to, thefollowing: •the cyclical nature of the workers’ compensation insurance industry;•increased competition on the basis of types of insurance offered, premium rates, coverage availability, payment terms,claims management, safety services, policy terms, overall financial strength, financial ratings and reputation;•changes in relationships with independent agencies (including retail and wholesale brokers and agents);•general economic conditions, including recession, inflation, performance of financial markets, interest rates,unemployment rates, fluctuating asset values and global health pandemics;•developments in capital markets that adversely affect the performance of our investments;•technology breaches or failures, including those resulting from a malicious cyber attack on the Company or itspolicyholders and service providers;•in the industries we target, a decreased level of business activity of our policyholders caused by downturn in businessactivity generally;•greater frequency or severity of claims and loss activity than our underwriting, reserving or investment practicesanticipate based on historical experience or industry data;•adverse developments in economic, competitive, judicial or regulatory conditions within the workers’ compensationinsurance i