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Amerisafe posts 1Q profit

DERIDDER, La. (AP) _ Amerisafe Inc. (AMSF) on Wednesday reported first-quarter earnings of $13.5 million.

The Deridder, Louisiana-based company said it had net income of 70 cents per share. Earnings, adjusted for investment costs, came to 71 cents per share.

The insurance provider posted revenue of $97.5 million in the period. Its adjusted revenue was $97.7 million.

Amerisafe shares have climbed slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $66.25, an increase of 28 percent in the last 12 months.


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


Keywords: Amerisafe, Earnings Report