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Amerisafe: 3Q Earnings Snapshot

DERIDDER, La. (AP) _ Amerisafe Inc. (AMSF) on Wednesday reported third-quarter profit of $19.7 million.

The Deridder, Louisiana-based company said it had net income of $1.02 per share. Earnings, adjusted for non-recurring gains, came to $1.01 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The insurance provider posted revenue of $93.5 million in the period. Its adjusted revenue was $93.3 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $94.4 million.

Amerisafe shares have climbed almost 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.16, an increase of roughly 4 percent 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