DERIDDER, La. (AP) _ Amerisafe Inc. (AMSF) on Wednesday reported first-quarter profit of $10.8 million.
The Deridder, Louisiana-based company said it had profit of 56 cents per share. Earnings, adjusted for investment costs, were 88 cents per share.
The insurance provider posted revenue of $79.2 million in the period. Its adjusted revenue was $86.9 million.
Amerisafe shares have climbed 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $67.50, an increase of 15% in the last 12 months.