AMERISAFE, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $317.3M | $10.71B | $7.68B | $6.08B | $4.60B | $3.35B | $2.66B | $2.20B |
| Service | — | $9.45B | $6.57B | $5.04B | $3.74B | $2.70B | $2.10B | $1.73B |
| Product | — | $1.26B | $1.11B | $1.03B | $859.5M | $648.7M | $561.4M | $472.1M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $58.9M | $69.1M | $77.4M | $67.6M | $79.4M | $106.9M | $115.5M | $87.6M |
| Operating Margin | 18.6% | 0.6% | 1.0% | 1.1% | 1.7% | 3.2% | 4.3% | 4.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $58.9M | $69.1M | $77.4M | $67.6M | $79.4M | $106.9M | $115.5M | $87.6M |
| Income Tax Expense | $11.7M | $13.6M | $15.3M | $12.0M | $13.7M | $20.3M | $22.8M | $15.9M |
| Net Income | $47.1M | $55.4M | $62.1M | $55.6M | $65.8M | $86.6M | $92.7M | $71.6M |
| Net Margin | 14.9% | 0.5% | 0.8% | 0.9% | 1.4% | 2.6% | 3.5% | 3.3% |
| EPS (Basic) | $2.48 | $2.91 | $3.24 | $2.89 | $3.40 | $4.49 | $4.82 | $3.73 |
| EPS (Diluted) | $2.47 | $2.89 | $3.23 | $2.88 | $3.39 | $4.47 | $4.80 | $3.71 |
| Shares Outstanding (Basic) | 19.0M | 19.1M | 19.1M | 19.2M | 19.3M | 19.3M | 19.2M | 19.2M |
| Shares Outstanding (Diluted) | 19.1M | 19.2M | 19.2M | 19.3M | 19.4M | 19.4M | 19.3M | 19.3M |
| Dividends Per Share | $1.56 | $1.48 | $1.36 | $1.24 | $1.16 | $1.08 | $1.00 | $0.88 |