AMERISAFE Full Year 2023 Earnings: Beats Expectations
AMERISAFE (NASDAQ:AMSF) Full Year 2023 Results
Key Financial Results
Revenue: US$306.9m (up 4.1% from FY 2022).
Net income: US$62.1m (up 12% from FY 2022).
Profit margin: 20% (up from 19% in FY 2022). The increase in margin was driven by higher revenue.
EPS: US$3.24 (up from US$2.89 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AMERISAFE Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.8% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for AMERISAFE (1 shouldn't be ignored!) that you should be aware of.
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