Overview
Workers' compensation insurer's Q4 gross premiums rose 11.7% yr/yr
Company repurchased $8 mln worth of shares in Q4
Result Drivers
VOLUNTARY PREMIUMS - Growth in voluntary premiums driven by strong premium retention and consistent new business production
LOSS SEVERITY - Higher-than-anticipated loss severity increased accident year loss ratio to 72%
CLAIMS MANAGEMENT - Favorable reserve development attributed to proactive claims management
Company press release: ID:nBw7rsxFBa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Gross Premiums | $70.06 mln | ||
Q4 Adjusted EPS | Miss | $0.51 | $0.60 (2 Analysts) |
Q4 EPS | $0.55 | ||
Q4 Net Income | $10.42 mln | ||
Q4 Net Combined Ratio | 93.60% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for Amerisafe Inc is $50.00, about 34.2% above its February 24 closing price of $37.25
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)