| AMERISAFE INC (AMSF) |
| Q1-CY2026 | Q4-CY2025 | Q3-CY2025 | Q2-CY2025 | Q1-CY2025 | Q4-CY2024 | Q3-CY2024 | Q2-CY2024 | Q1-CY2024 | Q4-CY2023 | Q3-CY2023 | Q2-CY2023 | Q1-CY2023 | Q4-CY2022 | Q3-CY2022 | Q2-CY2022 | Q1-CY2022 | Q4-CY2021 | Q3-CY2021 | Q2-CY2021 | Q1-CY2021 | Q4-CY2020 | Q3-CY2020 | Q2-CY2020 | Q1-CY2020 | Q4-CY2019 | Q3-CY2019 | Q2-CY2019 | Q1-CY2019 | Q4-CY2018 | Q3-CY2018 | Q2-CY2018 | Q1-CY2018 | Q4-CY2017 | Q3-CY2017 | Q2-CY2017 | Q1-CY2017 | Q4-CY2016 | Q3-CY2016 | Q2-CY2016 | Q1-CY2016 | Q4-CY2015 | Q3-CY2015 | Q2-CY2015 | Q1-CY2015 | Q4-CY2014 | Q3-CY2014 | Q2-CY2014 | Q1-CY2014 |
| Balance Sheet Date | | 2025-Dec-31 | 2025-Sep-30 | 2025-Jun-30 | 2025-Mar-31 | 2024-Dec-31 | 2024-Sep-30 | 2024-Jun-30 | 2024-Mar-31 | 2023-Dec-31 | 2023-Sep-30 | 2023-Jun-30 | 2023-Mar-31 | 2022-Dec-31 | 2022-Sep-30 | 2022-Jun-30 | 2022-Mar-31 | 2021-Dec-31 | 2021-Sep-30 | 2021-Jun-30 | 2021-Mar-31 | 2020-Dec-31 | 2020-Sep-30 | 2020-Jun-30 | 2020-Mar-31 | 2019-Dec-31 | 2019-Sep-30 | 2019-Jun-30 | 2019-Mar-31 | 2018-Dec-31 | 2018-Sep-30 | 2018-Jun-30 | 2018-Mar-31 | 2017-Dec-31 | 2017-Sep-30 | 2017-Jun-30 | 2017-Mar-31 | 2016-Dec-31 | 2016-Sep-30 | 2016-Jun-30 | 2016-Mar-31 | 2015-Dec-31 | 2015-Sep-30 | 2015-Jun-30 | 2015-Mar-31 | 2014-Dec-31 | 2014-Sep-30 | 2014-Jun-30 | 2014-Mar-31 |
| Fiscal Period | | Q4-FY2025 | Q3-FY2025 | Q2-FY2025 | Q1-FY2025 | Q4-FY2024 | Q3-FY2024 | Q2-FY2024 | Q1-FY2024 | Q4-FY2023 | Q3-FY2023 | Q2-FY2023 | Q1-FY2023 | Q4-FY2022 | Q3-FY2022 | Q2-FY2022 | Q1-FY2022 | Q4-FY2021 | Q3-FY2021 | Q2-FY2021 | Q1-FY2021 | Q4-FY2020 | Q3-FY2020 | Q2-FY2020 | Q1-FY2020 | Q4-FY2019 | Q3-FY2019 | Q2-FY2019 | Q1-FY2019 | Q4-FY2018 | Q3-FY2018 | Q2-FY2018 | Q1-FY2018 | Q4-FY2017 | Q3-FY2017 | Q2-FY2017 | Q1-FY2017 | Q4-FY2016 | Q3-FY2016 | Q2-FY2016 | Q1-FY2016 | Q4-FY2015 | Q3-FY2015 | Q2-FY2015 | Q1-FY2015 | Q4-FY2014 | Q3-FY2014 | Q2-FY2014 | Q1-FY2014 |
| Total Revenue | | 81,591,000$ | 81,976,000$ | 81,088,000$ | 72,597,000$ | 74,029,000$ | 78,695,000$ | 75,830,000$ | 80,489,000$ | 80,116,000$ | 72,640,000$ | 75,659,000$ | 78,438,000$ | 79,761,000$ | 71,380,000$ | 68,036,000$ | 75,560,000$ | 78,381,000$ | 73,045,000$ | 81,157,000$ | 83,351,000$ | 88,221,000$ | 83,005,000$ | 89,082,000$ | 79,169,000$ | 91,939,000$ | 91,488,000$ | 91,753,000$ | 95,190,000$ | 94,669,000$ | 93,529,000$ | 95,380,000$ | 94,175,000$ | 94,937,000$ | 92,804,000$ | 89,925,000$ | 97,542,000$ | 98,558,000$ | 98,206,000$ | 97,563,000$ | 102,335,000$ | 101,760,000$ | 97,470,000$ | 99,936,000$ | 101,788,000$ | 104,886,000$ | 102,336,000$ | 100,624,000$ | 96,173,000$ |
| QoQ% | | (.47%) | 1.10% | 11.70% | (1.93%) | (5.93%) | 3.78% | (5.79%) | .47% | 10.29% | (3.99%) | (3.54%) | (1.66%) | 11.74% | 4.92% | (9.96%) | (3.60%) | 7.31% | (10.00%) | (2.63%) | (5.52%) | 6.28% | (6.82%) | 12.52% | (13.89%) | .49% | (.29%) | (3.61%) | .55% | 1.22% | (1.94%) | 1.28% | (.80%) | 2.30% | 3.20% | (7.81%) | (1.03%) | .36% | .66% | (4.66%) | .57% | 4.40% | (2.47%) | (1.82%) | (2.95%) | 2.49% | 1.70% | 4.63% | 1.98% |
| YoY% | | 10.22% | 4.17% | 6.93% | (9.81%) | (7.60%) | 8.34% | .23% | 2.62% | .45% | 1.77% | 11.20% | 3.81% | 1.76% | (2.28%) | (16.17%) | (9.35%) | (11.15%) | (12.00%) | (8.90%) | 5.28% | (4.04%) | (9.27%) | (2.91%) | (16.83%) | (2.88%) | (2.18%) | (3.80%) | 1.08% | (.28%) | .78% | 6.07% | (3.45%) | (3.67%) | (5.50%) | (7.83%) | (4.68%) | (3.15%) | .76% | (2.38%) | .54% | (2.98%) | (4.76%) | (.68%) | 5.84% | 11.22% | 16.29% | 14.98% | 11.17% |
| Cost Of Revenue | | 47,439,000$ | 41,679,000$ | 40,660,000$ | 40,159,000$ | 37,502,000$ | 39,150,000$ | 40,624,000$ | 39,991,000$ | 36,455,000$ | 37,154,000$ | 35,645,000$ | 39,009,000$ | 36,524,000$ | 37,725,000$ | 40,326,000$ | 37,741,000$ | 59,197,000$ | 29,661,000$ | 32,423,000$ | 39,517,000$ | 36,260,000$ | 39,789,000$ | 37,530,000$ | 43,647,000$ | 33,535,000$ | 44,325,000$ | 48,868,000$ | 49,614,000$ | 52,055,000$ | 47,598,000$ | 52,076,000$ | 53,162,000$ | 58,286,000$ | 48,394,000$ | 46,428,000$ | 56,216,000$ | 52,618,000$ | 50,526,000$ | 49,171,000$ | 46,716,000$ | 48,321,000$ | 48,942,000$ | 57,304,000$ | 60,006,000$ | 59,346,000$ | 61,822,000$ | 62,463,000$ | 61,285,000$ |
| Gross Profit | | 34,152,000$ | 40,297,000$ | 40,428,000$ | 32,438,000$ | 36,527,000$ | 39,545,000$ | 35,206,000$ | 40,498,000$ | 43,661,000$ | 35,486,000$ | 40,014,000$ | 39,429,000$ | 43,237,000$ | 33,655,000$ | 27,710,000$ | 37,819,000$ | 19,184,000$ | 43,384,000$ | 48,734,000$ | 43,834,000$ | 51,961,000$ | 43,216,000$ | 51,552,000$ | 35,522,000$ | 58,404,000$ | 47,163,000$ | 42,885,000$ | 45,576,000$ | 42,614,000$ | 45,931,000$ | 43,304,000$ | 41,013,000$ | 36,651,000$ | 44,410,000$ | 43,497,000$ | 41,326,000$ | 45,940,000$ | 47,680,000$ | 48,392,000$ | 55,619,000$ | 53,439,000$ | 48,528,000$ | 42,632,000$ | 41,782,000$ | 45,540,000$ | 40,514,000$ | 38,161,000$ | 34,888,000$ |
| Gross Margin | | 41.86% | 49.16% | 49.86% | 44.68% | 49.34% | 50.25% | 46.43% | 50.32% | 54.50% | 48.85% | 52.89% | 50.27% | 54.21% | 47.15% | 40.73% | 50.05% | 24.48% | 59.39% | 60.05% | 52.59% | 58.90% | 52.06% | 57.87% | 44.87% | 63.53% | 51.55% | 46.74% | 47.88% | 45.01% | 49.11% | 45.40% | 43.55% | 38.61% | 47.85% | 48.37% | 42.37% | 46.61% | 48.55% | 49.60% | 54.35% | 52.52% | 49.79% | 42.66% | 41.05% | 43.42% | 39.59% | 37.92% | 36.28% |
| Operating Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Operating Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Operating Margin | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Interest Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Interest Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Income Before Tax | | 12,694,000$ | 17,481,000$ | 17,455,000$ | 11,221,000$ | 16,774,000$ | 17,793,000$ | 13,744,000$ | 20,745,000$ | 23,947,000$ | 12,327,000$ | 19,568,000$ | 21,535,000$ | 25,650,000$ | 13,451,000$ | 7,123,000$ | 21,422,000$ | 1,932,000$ | 24,721,000$ | 29,171,000$ | 23,625,000$ | 35,618,000$ | 28,669,000$ | 29,391,000$ | 13,241,000$ | 42,926,000$ | 26,613,000$ | 22,169,000$ | 23,809,000$ | 22,777,000$ | 24,460,000$ | 20,930,000$ | 19,414,000$ | 17,800,000$ | 23,556,000$ | 22,151,000$ | 18,733,000$ | 27,784,000$ | 26,027,000$ | 24,615,000$ | 34,395,000$ | 33,768,000$ | 25,890,000$ | 20,112,000$ | 21,197,000$ | 23,936,000$ | 19,348,000$ | 17,061,000$ | 13,404,000$ |
| Tax Expenses | | 2,271,000$ | 3,663,000$ | 3,500,000$ | 2,272,000$ | 3,580,000$ | 3,469,000$ | 2,751,000$ | 3,820,000$ | 4,766,000$ | 2,366,000$ | 3,941,000$ | 4,196,000$ | 4,872,000$ | 2,090,000$ | 991,000$ | 4,091,000$ | (1,609,000$) | 5,585,000$ | 5,404,000$ | 4,313,000$ | 7,117,000$ | 5,316,000$ | 5,443,000$ | 2,441,000$ | 8,912,000$ | 5,227,000$ | 4,279,000$ | 4,409,000$ | 3,971,000$ | 4,759,000$ | 3,974,000$ | 3,245,000$ | 17,151,000$ | 6,979,000$ | 6,670,000$ | 5,209,000$ | 8,711,000$ | 8,131,000$ | 7,976,000$ | 10,138,000$ | 10,695,000$ | 7,950,000$ | 5,793,000$ | 6,067,000$ | 7,071,000$ | 5,869,000$ | 4,288,000$ | 2,855,000$ |
| Net Income | | 10,423,000$ | 13,818,000$ | 13,955,000$ | 8,949,000$ | 13,194,000$ | 14,324,000$ | 10,993,000$ | 16,925,000$ | 19,181,000$ | 9,961,000$ | 15,627,000$ | 17,339,000$ | 20,778,000$ | 11,361,000$ | 6,132,000$ | 17,331,000$ | 3,541,000$ | 19,136,000$ | 23,767,000$ | 19,312,000$ | 28,501,000$ | 23,353,000$ | 23,948,000$ | 10,800,000$ | 34,014,000$ | 21,386,000$ | 17,890,000$ | 19,400,000$ | 18,806,000$ | 19,701,000$ | 16,956,000$ | 16,169,000$ | 649,000$ | 16,577,000$ | 15,481,000$ | 13,524,000$ | 19,073,000$ | 17,896,000$ | 16,639,000$ | 24,257,000$ | 23,073,000$ | 17,940,000$ | 14,319,000$ | 15,130,000$ | 16,865,000$ | 13,479,000$ | 12,773,000$ | 10,549,000$ |
| Profit Margin | | 12.78% | 16.86% | 17.21% | 12.33% | 17.82% | 18.20% | 14.50% | 21.03% | 23.94% | 13.71% | 20.66% | 22.11% | 26.05% | 15.92% | 9.01% | 22.94% | 4.52% | 26.20% | 29.29% | 23.17% | 32.31% | 28.13% | 26.88% | 13.64% | 37.00% | 23.38% | 19.50% | 20.38% | 19.87% | 21.06% | 17.78% | 17.17% | .68% | 17.86% | 17.22% | 13.87% | 19.35% | 18.22% | 17.06% | 23.70% | 22.67% | 18.41% | 14.33% | 14.86% | 16.08% | 13.17% | 12.69% | 10.97% |
| TTM | | 14.86% | 16.12% | 16.46% | 15.76% | 17.94% | 19.49% | 18.46% | 19.97% | 20.24% | 20.79% | 21.33% | 18.69% | 18.87% | 13.08% | 15.64% | 20.70% | 20.81% | 27.85% | 28.28% | 27.68% | 25.51% | 26.84% | 25.63% | 23.73% | 25.03% | 20.77% | 20.21% | 19.77% | 18.96% | 14.15% | 13.35% | 13.14% | 12.32% | 17.07% | 17.17% | 17.13% | 19.63% | 20.47% | 20.52% | 19.82% | 17.57% | 15.90% | 14.62% | 14.22% | 13.28% | 13.79% | 13.31% | 12.39% |
| Earnings to Minority | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Earnings to Common Shareholders | | 10,423,000$ | 13,818,000$ | 13,955,000$ | 8,949,000$ | 13,194,000$ | 14,324,000$ | 10,993,000$ | 16,925,000$ | 19,181,000$ | 9,961,000$ | 15,627,000$ | 17,339,000$ | 20,778,000$ | 11,361,000$ | 6,132,000$ | 17,331,000$ | 3,541,000$ | 19,136,000$ | 23,767,000$ | 19,312,000$ | 28,501,000$ | 23,353,000$ | 23,948,000$ | 10,800,000$ | 34,014,000$ | 21,386,000$ | 17,890,000$ | 19,400,000$ | 18,806,000$ | 19,701,000$ | 16,956,000$ | 16,169,000$ | 649,000$ | 16,577,000$ | 15,481,000$ | 13,524,000$ | 19,073,000$ | 17,896,000$ | 16,639,000$ | 24,257,000$ | 23,073,000$ | 17,940,000$ | 14,319,000$ | 15,130,000$ | 16,865,000$ | 13,479,000$ | 12,773,000$ | 10,549,000$ |
| QoQ% | | (24.57%) | (.98%) | 55.94% | (32.17%) | (7.89%) | 30.30% | (35.05%) | (11.76%) | 92.56% | (36.26%) | (9.87%) | (16.55%) | 82.89% | 85.27% | (64.62%) | 389.44% | (81.50%) | (19.49%) | 23.07% | (32.24%) | 22.04% | (2.49%) | 121.74% | (68.25%) | 59.05% | 19.54% | (7.78%) | 3.16% | (4.54%) | 16.19% | 4.87% | 2,391.37% | (96.09%) | 7.08% | 14.47% | (29.09%) | 6.58% | 7.56% | (31.41%) | 5.13% | 28.61% | 25.29% | (5.36%) | (10.29%) | 25.12% | 5.53% | 21.08% | (39.29%) |
| YoY% | | (21.00%) | (3.53%) | 26.94% | (47.13%) | (31.21%) | 43.80% | (29.65%) | (2.39%) | (7.69%) | (12.32%) | 154.84% | .05% | 486.78% | (40.63%) | (74.20%) | (10.26%) | (87.58%) | (18.06%) | (.76%) | 78.82% | (16.21%) | 9.20% | 33.86% | (44.33%) | 80.87% | 8.55% | 5.51% | 19.98% | 2,797.69% | 18.85% | 9.53% | 19.56% | (96.60%) | (7.37%) | (6.96%) | (44.25%) | (17.34%) | (.25%) | 16.20% | 60.32% | 36.81% | 33.10% | 12.10% | 43.43% | (2.94%) | 39.36% | 67.67% | 19.39% |
| Earnings Per Share, Basic | | 0.55$ | 0.73$ | 0.73$ | 0.47$ | 0.69$ | 0.75$ | 0.58$ | 0.89$ | 1.00$ | 0.52$ | 0.82$ | 0.91$ | 1.09$ | 0.59$ | 0.32$ | 0.90$ | 0.18$ | 0.99$ | 1.23$ | 1.00$ | 1.48$ | 1.21$ | 1.24$ | 0.56$ | 1.77$ | 1.11$ | 0.93$ | 1.01$ | 0.98$ | 1.03$ | 0.88$ | 0.84$ | 0.03$ | 0.86$ | 0.81$ | 0.71$ | 1.00$ | 0.94$ | 0.87$ | 1.27$ | 1.21$ | 0.95$ | 0.76$ | 0.80$ | 0.90$ | 0.72$ | 0.69$ | 0.57$ |
| Earnings Per Share, Diluted | | 0.55$ | 0.72$ | 0.73$ | 0.47$ | 0.69$ | 0.75$ | 0.57$ | 0.88$ | 1.00$ | 0.52$ | 0.81$ | 0.90$ | 1.08$ | 0.59$ | 0.32$ | 0.89$ | 0.18$ | 0.99$ | 1.23$ | 1.00$ | 1.47$ | 1.21$ | 1.24$ | 0.56$ | 1.75$ | 1.11$ | 0.93$ | 1.01$ | 0.97$ | 1.02$ | 0.88$ | 0.84$ | 0.03$ | 0.86$ | 0.81$ | 0.70$ | 0.99$ | 0.93$ | 0.87$ | 1.27$ | 1.20$ | 0.94$ | 0.75$ | 0.79$ | 0.89$ | 0.71$ | 0.68$ | 0.56$ |
| Unlevered FCF Per Share, Basic | | 0.55$ | 0.52$ | (0.50$) | (0.09$) | 0.57$ | 0.44$ | (0.14$) | 0.35$ | 0.21$ | 0.24$ | 0.38$ | 0.70$ | (0.42$) | 0.53$ | 0.89$ | 0.35$ | 0.41$ | 0.17$ | 0.48$ | 0.84$ | 0.64$ | 0.45$ | 1.38$ | 0.78$ | 0.84$ | 1.15$ | 1.00$ | 1.05$ | 1.43$ | 1.75$ | 1.26$ | 0.61$ | 1.48$ | 3.20$ | 0.88$ | 1.24$ | | | | | | | | | | | | |
| Unlevered FCF Per Share, Diluted | | 0.55$ | 0.51$ | (0.50$) | (0.09$) | 0.56$ | 0.44$ | (0.14$) | 0.35$ | 0.20$ | 0.24$ | 0.38$ | 0.70$ | (0.42$) | 0.53$ | 0.88$ | 0.35$ | 0.41$ | 0.17$ | 0.47$ | 0.83$ | 0.63$ | 0.44$ | 1.38$ | 0.77$ | 0.83$ | 1.15$ | 0.99$ | 1.05$ | 1.42$ | 1.75$ | 1.26$ | 0.61$ | 1.47$ | 3.19$ | 0.88$ | 1.23$ | | | | | | | | | | | | |
| Average Shares, Basic | | 18,862,384 | 18,980,807 | 19,038,360 | 19,036,309 | 19,035,316 | 19,042,152 | 19,083,232 | 19,122,168 | 19,160,375 | 19,164,854 | 19,139,735 | 19,131,356 | 19,128,704 | 19,198,320 | 19,273,934 | 19,332,006 | 19,345,796 | 19,344,636 | 19,327,422 | 19,311,710 | 19,309,363 | 19,299,921 | 19,280,684 | 19,266,016 | 19,263,833 | 19,256,069 | 19,245,592 | 19,229,134 | 19,223,630 | 19,216,545 | 19,208,601 | 19,187,136 | 19,177,595 | 19,171,912 | 19,162,049 | 19,150,400 | 19,146,618 | 19,121,947 | 19,096,718 | 19,057,941 | 19,030,569 | 18,968,718 | 18,917,229 | 18,847,792 | 18,776,367 | 18,676,033 | 18,600,186 | 18,531,926 |
| Average Shares, Diluted | | 18,982,481 | 19,072,061 | 19,119,600 | 19,154,426 | 19,168,541 | 19,113,103 | 19,146,294 | 19,211,282 | 19,248,330 | 19,223,588 | 19,196,755 | 19,235,411 | 19,254,530 | 19,269,346 | 19,332,168 | 19,430,824 | 19,437,143 | 19,407,918 | 19,380,611 | 19,408,804 | 19,408,602 | 19,358,682 | 19,335,707 | 19,352,245 | 19,409,412 | 19,302,551 | 19,306,953 | 19,298,036 | 19,370,372 | 19,272,984 | 19,266,735 | 19,262,237 | 19,289,265 | 19,236,114 | 19,227,960 | 19,230,125 | 19,275,636 | 19,190,191 | 19,184,984 | 19,163,789 | 19,252,941 | 19,096,259 | 19,080,065 | 19,047,479 | 19,004,425 | 18,929,777 | 18,894,885 | 18,884,929 |
| EBIT | | 12,694,000$ | 17,481,000$ | 17,455,000$ | 11,221,000$ | 16,774,000$ | 17,793,000$ | 13,744,000$ | 20,745,000$ | 23,947,000$ | 12,327,000$ | 19,568,000$ | 21,535,000$ | 25,650,000$ | 13,451,000$ | 7,123,000$ | 21,422,000$ | 1,932,000$ | 24,721,000$ | 29,171,000$ | 23,625,000$ | 35,618,000$ | 28,669,000$ | 29,391,000$ | 13,241,000$ | 42,926,000$ | 26,613,000$ | 22,169,000$ | 23,809,000$ | 22,777,000$ | 24,460,000$ | 20,930,000$ | 19,414,000$ | 17,800,000$ | 23,556,000$ | 22,151,000$ | 18,733,000$ | 27,784,000$ | 26,027,000$ | 24,615,000$ | 34,395,000$ | 33,768,000$ | 25,890,000$ | 20,112,000$ | 21,197,000$ | 23,936,000$ | 19,348,000$ | 17,061,000$ | 13,404,000$ |
| EBITDA | | 12,694,000$ | 17,481,000$ | 17,455,000$ | 11,221,000$ | 16,774,000$ | 17,793,000$ | 13,744,000$ | 20,745,000$ | 23,947,000$ | 12,327,000$ | 19,568,000$ | 21,535,000$ | 25,650,000$ | 13,451,000$ | 7,123,000$ | 21,422,000$ | 1,932,000$ | 24,721,000$ | 29,171,000$ | 23,625,000$ | 35,618,000$ | 28,669,000$ | 29,391,000$ | 13,241,000$ | 42,926,000$ | 26,613,000$ | 22,169,000$ | 23,809,000$ | 22,777,000$ | 24,460,000$ | 20,930,000$ | 19,414,000$ | 17,800,000$ | 23,556,000$ | 22,151,000$ | 18,733,000$ | 27,784,000$ | 26,027,000$ | 24,615,000$ | 34,395,000$ | 33,768,000$ | 25,890,000$ | 20,112,000$ | 21,197,000$ | 23,936,000$ | 19,348,000$ | 17,061,000$ | 13,404,000$ |