AMERISAFE, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 21, 2024 at 04:05 pm EST
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AMERISAFE, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 80.12 million compared to USD 79.76 million a year ago. Net income was USD 19.18 million compared to USD 20.78 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 1.08 a year ago.
For the full year, revenue was USD 306.85 million compared to USD 294.74 million a year ago. Net income was USD 62.11 million compared to USD 55.6 million a year ago. Basic earnings per share from continuing operations was USD 3.24 compared to USD 2.89 a year ago. Diluted earnings per share from continuing operations was USD 3.23 compared to USD 2.88 a year ago.
AMERISAFE, Inc. is an insurance holding company that provides workers compensation insurance. The Company is focused on the small to mid-sized employers engaged in hazardous industries, construction, trucking, logging and lumber, agriculture and manufacturing. Construction includes highway and bridge construction, building and maintenance of pipeline and powerline networks, excavation, commercial construction, roofing, iron and steel erection, tower erection and other specialized construction operations. Trucking includes contract haulers, regional and local freight carriers, special equipment transporters and other trucking companies. The Logging and Lumber includes tree harvesting, tree trimming, sawmills, and other operations associated with lumber and wood products. The Companyâs workers compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death, and medical and hospital expenses.
AMERISAFE, INC. 
