AMERISAFE (AMSF) Q2 2026 earnings summary

Executive summary

• Achieved ninth consecutive quarter of premium growth, with net premiums earned up 11.4% year-over-year for Q2 2026 and gross premiums written increasing 7.9%.

• Net income for Q2 2026 was $14.6 million, up from $14.0 million in Q2 2025; diluted EPS was $0.78 versus $0.73.

• Return on average equity reached 23.5% for the quarter.

• Maintained focus on profitable growth, underwriting discipline, and long-term shareholder value in a competitive market.

• Operates as a single segment focused on workers' compensation insurance for hazardous industries in 27 states.

Financial highlights

• Net premiums earned for Q2 2026 were $77.27 million, up 11.4% year-over-year; gross premiums written were $85.97 million, up 7.9%.

• Net income grew 4.6% to $14.6 million; diluted EPS up 6.8% to $0.78.

• Net investment income was $6.53 million, down 2.4% year-over-year due to lower investable assets.

• Net combined ratio for Q2 2026 was 95.4%, compared to 91.7% in Q2 2025.

• Net unrealized gains on equity securities were $8.1 million in Q2 2026, up from $1.8 million in Q2 2025.

Outlook and guidance

• Management expects to sustain mid-single-digit premium growth and remains focused on profitable growth, underwriting discipline, and capital strength.

• Ongoing pressure from rate decreases and medical inflation noted; no specific forward guidance provided.