AMSF
Financial ServicesAMERISAFE, Inc. · Insurance - Specialty · $580M
What is AMERISAFE, Inc.?
AMERISAFE, Inc. is a specialty insurance holding company focused exclusively on workers' compensation coverage for employers in high-risk industries across the United States. Headquartered in DeRidder, Louisiana, it occupies a narrow but distinct niche in the insurance market.
AMERISAFE underwrites workers' compensation insurance policies that cover injured employees for medical expenses, temporary or permanent disability, and death benefits. The company targets small to mid-sized employers operating in hazardous sectors. Rather than competing broadly across insurance lines, AMERISAFE concentrates on industries where workplace injury risk is elevated, allowing it to develop specialized underwriting expertise in that segment.
AMERISAFE was incorporated in 1985 and is based in DeRidder, Louisiana.
- Workers' compensation insurance for hazardous industries
- Disability and death benefit coverage for injured workers
- Medical and hospital expense coverage under comp policies
- Specialized underwriting for construction, trucking, logging, and agriculture
Is AMSF a Good Stock to Buy?
UQS Score rates AMSF as Below Average overall, reflecting challenges across several key pillars.
The Quality and Valuation pillars both land at Neutral, suggesting the business is not in acute distress and the stock is not obviously mispriced relative to its fundamentals.
The Moat, Growth, and Risk pillars all register as Weak — indicating limited competitive insulation, constrained expansion prospects, and meaningful downside considerations for investors.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does AMSF pay dividends?
Yes — AMERISAFE, Inc. pays a dividend.
AMERISAFE pays a regular dividend, which may appeal to income-oriented investors. As a specialty insurer generating relatively predictable premium revenue, the company has historically returned capital to shareholders through dividends. Investors should review the current yield and payout sustainability in the context of the Weak Risk and Growth pillar ratings before relying on dividend continuity.
When does AMSF report earnings?
AMERISAFE reports earnings on a quarterly cadence, typical for US-listed insurance companies.
Given the Weak Growth pillar rating, recent results have not demonstrated meaningful top-line expansion. The Neutral Quality rating suggests operational results are roughly in line with sector norms, though not standout. Investors should weigh both dimensions when interpreting quarterly reports.
For the most recent quarter's results, visit AMERISAFE's investor relations page directly.
AMSF Price History
-22.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in AMERISAFE, Inc.?
Based on AMERISAFE, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
AMSF Long-term Outlook
The combination of Weak Growth and Weak Risk pillars points to a cautious fundamental outlook for AMSF. Specialty workers' compensation insurance is a mature, cyclical niche, and AMERISAFE's narrow focus limits diversification. While the Neutral Valuation pillar suggests the stock is not dramatically overpriced, the absence of clear growth catalysts tempers the forward picture.
Growth drivers
- Potential premium rate increases in hazardous-industry workers' comp lines
- Expansion of employer base within existing high-risk industry verticals
- Disciplined underwriting that could improve loss ratios over time
Key risks
- Elevated claims volatility inherent to hazardous-industry coverage
- Limited pricing power in a competitive specialty insurance market
- Narrow business model with little diversification across insurance lines
AMSF vs Peers
AMERISAFE operates in a specialized corner of the insurance market alongside several other niche carriers and holding companies.
Tiptree is a diversified holding company with insurance and other financial assets, offering broader business exposure than AMERISAFE's single-line workers' comp focus.
Hippo operates in the home insurance space using technology-driven underwriting, contrasting with AMERISAFE's traditional, industry-specialist approach to workers' compensation.
Investors Title focuses on title insurance rather than workers' compensation, serving a different risk segment but competing for similar small-cap insurance investor attention.
Frequently Asked Questions
What does AMERISAFE do?
AMERISAFE underwrites workers' compensation insurance for small to mid-sized employers in hazardous industries such as construction, trucking, logging, agriculture, and maritime. Its policies cover injured workers for medical expenses, disability benefits, and death benefits. The company focuses exclusively on this specialty niche rather than offering broad insurance lines.
Does AMSF pay dividends?
Yes, AMERISAFE pays a regular dividend. The company has historically returned capital to shareholders through dividend distributions. Income-focused investors should review the current yield and assess payout sustainability in light of the company's Weak Risk and Growth pillar ratings before making decisions.
When does AMSF report earnings?
AMERISAFE reports earnings quarterly, consistent with standard US-listed company practice. For the exact schedule and most recent results, check AMERISAFE's official investor relations page, as specific dates are subject to change each reporting cycle.
Is AMSF a good stock to buy?
UQS Score rates AMSF as Below Average, driven by Weak ratings across the Moat, Growth, and Risk pillars. The Quality and Valuation pillars are Neutral, offering some stability. Whether it suits your portfolio depends on your risk tolerance and investment goals — the full pillar breakdown is available to Pro members.
Is AMSF overvalued?
The UQS Valuation pillar for AMSF is rated Neutral, suggesting the stock is neither clearly overpriced nor a deep bargain relative to its fundamentals. Investors should weigh this alongside the Weak Growth and Risk ratings, which can affect how valuation multiples should be interpreted. Full metrics are available to Pro members.
How does AMSF compare to its competitors?
Compared to peers like Tiptree, Hippo Holdings, and Investors Title, AMERISAFE is distinguished by its exclusive focus on workers' compensation for hazardous industries. This narrow specialization can be a double-edged sword — providing underwriting expertise but limiting diversification. UQS pillar comparisons across these peers are available on their respective score pages.
What is AMSF's market cap bracket?
AMERISAFE is classified as a small-cap company. This places it in a segment of the market that can offer niche exposure but may also carry higher liquidity risk and less analyst coverage than large- or mega-cap insurers.
Who founded AMERISAFE?
AMERISAFE was incorporated in 1985. Detailed founding history, including the names of original principals, is publicly available through the company's official filings and investor relations materials on its website.
Is AMSF a long-term quality indicator?
As a long-term quality indicator, AMSF's Below Average UQS Score — with Weak Moat, Growth, and Risk pillars — raises questions about durable competitive advantage and earnings expansion over time. The Neutral Quality pillar suggests baseline operational adequacy, but long-term investors typically seek stronger moat and growth profiles. Pro members can view the complete analysis.
What sector does AMSF belong to?
AMERISAFE operates in the Financial Services sector, specifically within the specialty insurance segment. It focuses on workers' compensation underwriting for hazardous industries, making it a narrow-niche player within the broader insurance industry rather than a diversified financial services firm.
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Pro Analysis
AMSF — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 36.3 | 52.0 | 31.0 | 15.0 | 36.9 | 46.7 | +0.1 |
| May 21, 2026 | 36.2 | 52.1 | 31.0 | 15.0 | 36.9 | 45.8 | -0.1 |
| May 20, 2026 | 36.3 | 52.1 | 31.0 | 15.0 | 36.9 | 46.4 | +0.1 |
| May 19, 2026 | 36.2 | 52.1 | 31.0 | 15.0 | 36.9 | 46.2 | -0.3 |
| May 17, 2026 | 36.5 | 52.1 | 31.0 | 15.0 | 36.9 | 48.0 | -0.1 |
| May 16, 2026 | 36.6 | 52.1 | 31.0 | 15.0 | 36.9 | 48.5 | 0.0 |
| May 15, 2026 | 36.6 | 52.1 | 31.0 | 15.0 | 36.9 | 48.3 | -0.1 |
| May 14, 2026 | 36.7 | 52.1 | 31.0 | 15.0 | 36.9 | 49.3 | +0.1 |
| May 11, 2026 | 36.6 | 52.1 | 31.0 | 15.0 | 36.9 | 48.2 | -3.0 |
| May 10, 2026 | 39.6 | 52.1 | 31.0 | 15.0 | 36.9 | 68.6 | +3.1 |
AMSF — Pillar Breakdown
Quality
— 52.0/100 (25%)AMERISAFE, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 15.0/100 (20%)AMERISAFE, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 36.9/100 (15%)AMERISAFE, Inc. has some risk factors including moderate leverage or solvency concerns.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 48.6/100 (15%)AMERISAFE, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 31/100 (25%)AMERISAFE, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AMSF.
Score Composition
Financial Data
More Stock Analysis
How is the AMSF UQS Score Calculated?
The UQS (Unified Quality Score) for AMERISAFE, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses AMERISAFE, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether AMERISAFE, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.