DERIDDER, La. (AP) _ Amerisafe Inc. (AMSF) on Thursday reported third-quarter earnings of $21.4 million.
The Deridder, Louisiana-based company said it had net income of $1.11 per share. Earnings, adjusted for non-recurring gains, were $1.09 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The insurance provider posted revenue of $91.5 million in the period. Its adjusted revenue was $91.1 million.
Amerisafe shares have climbed 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $63.53, a drop of slightly more than 2% in the last 12 months.