📊 AMSF Key Takeaways
Is Amerisafe Inc. (AMSF) a Good Investment?
AMERISAFE exhibits deteriorating operational performance with net income declining 15% YoY despite only 2.7% revenue growth, indicating significant margin compression. Critically, operating cash flow is negative at -$2.7M, combined with exceptionally weak returns on equity (3.3%) and assets (0.7%), signaling structural profitability challenges that outweigh the benefit of a debt-free balance sheet.
AMERISAFE shows solid core profitability, with an 18.6% operating margin, 14.9% net margin, and a strong 18.7% ROE, while carrying no meaningful balance-sheet leverage. However, growth quality looks mixed because revenue rose only 2.7%, net income was flat, diluted EPS fell 14.5%, and free cash flow conversion was weak relative to reported earnings.
Why Buy Amerisafe Inc. Stock? AMSF Key Strengths
- Zero long-term debt provides substantial financial flexibility and stability
- Debt-to-equity ratio of 0.00x indicates conservative capital structure
- Operating margin of 12.7% demonstrates reasonable pricing power in competitive insurance market
- Strong underwriting and operating profitability, reflected in healthy operating and net margins
- Conservative financial structure with 0.00x debt-to-equity and very high interest coverage
- Respectable returns on equity and assets, indicating efficient use of capital for an insurer
AMSF Stock Risks: Amerisafe Inc. Investment Risks
- Negative operating cash flow of -$2.7M suggests the company is consuming cash from core operations despite reported profits
- Net income declining 15% YoY while revenue grows only 2.7% indicates severe margin compression and rising cost pressures
- Extremely low ROE (3.3%) and ROA (0.7%) indicate poor capital deployment and inefficient business model
- Earnings growth is stalling, with flat net income and declining diluted EPS despite revenue growth
- Cash generation is weak versus accounting earnings, with only $8.92M of free cash flow on $47.15M of net income
- Balance sheet liabilities are high relative to equity, which is normal for insurance but increases sensitivity to reserve or claims deterioration
Key Metrics to Watch
- Operating cash flow trajectory - must turn positive to validate profit quality
- Net profit margin trend - currently under pressure and requires stabilization
- Return on equity - needs substantial improvement from current 3.3% level
- Operating cash flow and free cash flow conversion versus net income
- Net income per diluted share and operating margin trend
Amerisafe Inc. (AMSF) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
AMSF Profit Margin, ROE & Profitability Analysis
AMSF vs Finance Sector: How Amerisafe Inc. Compares
How Amerisafe Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Amerisafe Inc. Stock Overvalued? AMSF Valuation Analysis 2026
Based on fundamental analysis, Amerisafe Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Amerisafe Inc. Balance Sheet: AMSF Debt, Cash & Liquidity
AMSF Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Amerisafe Inc.'s revenue has declined by 14% over the 5-year period, indicating business contraction. The most recent EPS of $3.23 reflects profitable operations.
AMSF Revenue Growth, EPS Growth & YoY Performance
AMSF Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $72.6M | $8.1M | $0.43 |
| Q3 2025 | $78.7M | $13.8M | $0.72 |
| Q2 2025 | $75.8M | $11.0M | $0.57 |
| Q1 2025 | $72.6M | $8.9M | $0.47 |
| Q3 2024 | $72.6M | $10.0M | $0.52 |
| Q2 2024 | $75.7M | $11.0M | $0.57 |
| Q1 2024 | $78.4M | $16.9M | $0.88 |
| Q3 2023 | $71.4M | $10.0M | $0.52 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Amerisafe Inc. Dividends, Buybacks & Capital Allocation
AMSF SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Amerisafe Inc. (CIK: 0001018979)
📋 Recent SEC Filings
❓ Frequently Asked Questions about AMSF
What is the AI rating for AMSF?
Amerisafe Inc. (AMSF) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 76% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are AMSF's key strengths?
Claude: Zero long-term debt provides substantial financial flexibility and stability. Debt-to-equity ratio of 0.00x indicates conservative capital structure. ChatGPT: Strong underwriting and operating profitability, reflected in healthy operating and net margins. Conservative financial structure with 0.00x debt-to-equity and very high interest coverage.
What are the risks of investing in AMSF?
Claude: Negative operating cash flow of -$2.7M suggests the company is consuming cash from core operations despite reported profits. Net income declining 15% YoY while revenue grows only 2.7% indicates severe margin compression and rising cost pressures. ChatGPT: Earnings growth is stalling, with flat net income and declining diluted EPS despite revenue growth. Cash generation is weak versus accounting earnings, with only $8.92M of free cash flow on $47.15M of net income.
What is AMSF's revenue and growth?
Amerisafe Inc. reported revenue of $80.1M.
Does AMSF pay dividends?
Amerisafe Inc. pays dividends, with $7.8M distributed to shareholders in the trailing twelve months.
Where can I find AMSF SEC filings?
Official SEC filings for Amerisafe Inc. (CIK: 0001018979) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is AMSF's EPS?
Amerisafe Inc. has a diluted EPS of $0.43.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is AMSF a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Amerisafe Inc. has a SELL rating with 76% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is AMSF stock overvalued or undervalued?
Valuation metrics for AMSF: ROE of 3.3% (sector avg: 12%), net margin of 10.2% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
Should I buy AMSF stock in 2026?
Our dual AI analysis gives Amerisafe Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is AMSF's free cash flow?
Amerisafe Inc.'s operating cash flow is $-2.7M, with capital expenditures of $26.0K. FCF margin is -3.4%.
How does AMSF compare to other Finance stocks?
Vs Finance sector averages: Net margin 10.2% (avg: 25%), ROE 3.3% (avg: 12%), current ratio N/A (avg: 1.2).