AMERISAFE, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $14.6M | $8.1M | $13.8M | $14.0M | $8.9M | $14.3M | $11.0M | $16.9M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | $175.0K | — | — | $214.0K | — | — | $328.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $586.0K | — | — | $1.1M | — | — | $688.0K |
| Net Cash from Operating Activities | $1.8M | $-2.7M | $10.7M | $-8.4M | $-1.8M | $8.4M | $-2.6M | $7.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $3.0K | $26.0K | $891.0K | $1.1M | $2.0K | $24.0K | $56.0K | $746.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-12.5M | — | — | $9.9M | — | — | $-5.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | $7.8M | — | — | $7.4M | — | — | $7.1M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $-12.5M | — | — | $-7.4M | — | — | $-7.1M |
| Net Change in Cash | — | $-27.7M | — | — | $708.0K | — | — | $-5.3M |
| Free Cash Flow | $1.8M | $-2.7M | $9.8M | $-9.5M | $-1.8M | $8.4M | $-2.6M | $6.8M |