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Amerisafe: 3Q Earnings Snapshot

·1 min read

DERIDDER, La. (AP) _ Amerisafe Inc. (AMSF) on Wednesday reported third-quarter profit of $23.4 million.

On a per-share basis, the Deridder, Louisiana-based company said it had net income of $1.21. Earnings, adjusted for non-recurring gains, came to $1.16 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The insurance provider posted revenue of $83 million in the period. Its adjusted revenue was $81.9 million.

Amerisafe shares have decreased 12% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.03, a fall of roughly 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMSF at https://www.zacks.com/ap/AMSF