AMERISAFE Inc
AMERISAFE, Inc., an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including constr… Read more
AMERISAFE Inc (AMSF) - Net Assets
Latest net assets as of December 2025: $1.13 Billion USD
Based on the latest financial reports, AMERISAFE Inc (AMSF) has net assets worth $1.13 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($222.87 Million) and total liabilities ($-907.67 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.13 Billion |
| % of Total Assets | 507.27% |
| Annual Growth Rate | 12.6% |
| 5-Year Change | 183.12% |
| 10-Year Change | 147.84% |
| Growth Volatility | 84.38 |
AMERISAFE Inc - Net Assets Trend (1995–2025)
This chart illustrates how AMERISAFE Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AMERISAFE Inc (1995–2025)
The table below shows the annual net assets of AMERISAFE Inc from 1995 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.13 Billion | +339.32% |
| 2024-12-31 | $257.34 Million | -12.01% |
| 2023-12-31 | $292.45 Million | -7.87% |
| 2022-12-31 | $317.43 Million | -20.51% |
| 2021-12-31 | $399.32 Million | -9.00% |
| 2020-12-31 | $438.82 Million | +2.00% |
| 2019-12-31 | $430.21 Million | +4.99% |
| 2018-12-31 | $409.76 Million | -3.68% |
| 2017-12-31 | $425.42 Million | -6.74% |
| 2016-12-31 | $456.15 Million | +0.48% |
| 2015-12-31 | $453.98 Million | +1.57% |
| 2014-12-31 | $446.97 Million | +7.23% |
| 2013-12-31 | $416.81 Million | +9.34% |
| 2012-12-31 | $381.22 Million | +8.66% |
| 2011-12-31 | $350.85 Million | +7.88% |
| 2010-12-31 | $325.22 Million | +7.54% |
| 2009-12-31 | $302.42 Million | +19.40% |
| 2008-12-31 | $253.27 Million | +21.43% |
| 2007-12-31 | $208.57 Million | +31.35% |
| 2006-12-31 | $158.78 Million | +7.76% |
| 2005-12-31 | $147.35 Million | +443.77% |
| 2004-12-31 | $-42.86 Million | -107.54% |
| 2003-12-31 | $-20.65 Million | +17.72% |
| 2002-12-31 | $-25.10 Million | +6.74% |
| 2000-12-31 | $-26.91 Million | -183.84% |
| 1995-12-31 | $32.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AMERISAFE Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 172.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $82.85 Million | 32.93% |
| Common Stock | $208.00K | 0.08% |
| Other Comprehensive Income | $-3.22 Million | -1.28% |
| Other Components | $171.76 Million | 68.27% |
| Total Equity | $251.60 Million | 100.00% |
AMERISAFE Inc Competitors by Market Cap
The table below lists competitors of AMERISAFE Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Anning Iron and Titanium Co
SHE:002978
|
$612.25 Million |
|
Equity Bancshares, Inc.
NYSE:EQBK
|
$612.26 Million |
|
Zhejiang Southeast Space Frame Co Ltd
SHE:002135
|
$613.09 Million |
|
Syarikat Takaful Malaysia Bhd
KLSE:6139
|
$613.36 Million |
|
CJ Korea Express
KO:000120
|
$611.91 Million |
|
Thungela Resources Limited
PINK:TNGRF
|
$611.86 Million |
|
GCM Grosvenor Inc
NASDAQ:GCMG
|
$611.56 Million |
|
Sellas Life Sciences Group Inc
NASDAQ:SLS
|
$611.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AMERISAFE Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 257,341,000 to 251,598,000, a change of -5,743,000 (-2.2%).
- Net income of 47,145,000 contributed positively to equity growth.
- Dividend payments of 48,607,000 reduced retained earnings.
- Share repurchases of 12,103,000 reduced equity.
- Other comprehensive income increased equity by 5,658,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.15 Million | +18.74% |
| Dividends Paid | $48.61 Million | -19.32% |
| Share Repurchases | $12.10 Million | -4.81% |
| Other Comprehensive Income | $5.66 Million | +2.25% |
| Other Changes | $2.16 Million | +0.86% |
| Total Change | $- | -2.23% |
Book Value vs Market Value Analysis
This analysis compares AMERISAFE Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 22.90x to 2.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $1.45 | $33.20 | x |
| 2000-12-31 | $-89.78 | $33.20 | x |
| 2002-12-31 | $-83.73 | $33.20 | x |
| 2003-12-31 | $-114.65 | $33.20 | x |
| 2004-12-31 | $-167.90 | $33.20 | x |
| 2005-12-31 | $69.21 | $33.20 | x |
| 2006-12-31 | $9.02 | $33.20 | x |
| 2007-12-31 | $10.93 | $33.20 | x |
| 2008-12-31 | $13.23 | $33.20 | x |
| 2009-12-31 | $15.70 | $33.20 | x |
| 2010-12-31 | $17.03 | $33.20 | x |
| 2011-12-31 | $18.77 | $33.20 | x |
| 2012-12-31 | $20.52 | $33.20 | x |
| 2013-12-31 | $22.23 | $33.20 | x |
| 2014-12-31 | $23.61 | $33.20 | x |
| 2015-12-31 | $23.74 | $33.20 | x |
| 2016-12-31 | $23.75 | $33.20 | x |
| 2017-12-31 | $22.10 | $33.20 | x |
| 2018-12-31 | $21.24 | $33.20 | x |
| 2019-12-31 | $22.26 | $33.20 | x |
| 2020-12-31 | $22.66 | $33.20 | x |
| 2021-12-31 | $20.57 | $33.20 | x |
| 2022-12-31 | $16.43 | $33.20 | x |
| 2023-12-31 | $15.21 | $33.20 | x |
| 2024-12-31 | $13.43 | $33.20 | x |
| 2025-12-31 | $13.18 | $33.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AMERISAFE Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.86%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 0.89x
- Recent ROE (18.74%) is above the historical average (13.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 28.97% | 15.98% | 0.48x | 3.75x | $6.09 Million |
| 2000 | 0.00% | 7.08% | 0.29x | 0.00x | $16.72 Million |
| 2002 | 0.00% | 2.98% | 0.29x | 0.00x | $7.69 Million |
| 2003 | 0.00% | 4.51% | 0.28x | 0.00x | $10.66 Million |
| 2004 | 0.00% | 4.24% | 0.33x | 0.00x | $14.84 Million |
| 2005 | 4.02% | 2.15% | 0.31x | 6.06x | $-8.80 Million |
| 2006 | 23.53% | 11.23% | 0.33x | 6.26x | $21.48 Million |
| 2007 | 24.08% | 14.84% | 0.32x | 5.09x | $29.36 Million |
| 2008 | 17.31% | 14.50% | 0.27x | 4.37x | $18.52 Million |
| 2009 | 15.35% | 16.45% | 0.25x | 3.70x | $16.19 Million |
| 2010 | 10.61% | 13.91% | 0.22x | 3.47x | $2.00 Million |
| 2011 | 6.89% | 8.62% | 0.24x | 3.27x | $-10.90 Million |
| 2012 | 7.70% | 9.14% | 0.26x | 3.20x | $-8.77 Million |
| 2013 | 10.47% | 12.25% | 0.27x | 3.19x | $1.96 Million |
| 2014 | 12.01% | 13.28% | 0.28x | 3.26x | $8.97 Million |
| 2015 | 15.52% | 17.54% | 0.27x | 3.31x | $25.06 Million |
| 2016 | 17.07% | 19.63% | 0.26x | 3.33x | $32.25 Million |
| 2017 | 10.87% | 12.32% | 0.25x | 3.57x | $3.69 Million |
| 2018 | 17.48% | 18.96% | 0.25x | 3.70x | $30.66 Million |
| 2019 | 21.55% | 25.03% | 0.25x | 3.47x | $49.67 Million |
| 2020 | 19.74% | 25.51% | 0.23x | 3.35x | $42.72 Million |
| 2021 | 16.47% | 20.81% | 0.23x | 3.51x | $25.82 Million |
| 2022 | 17.52% | 18.87% | 0.23x | 4.00x | $23.86 Million |
| 2023 | 21.24% | 20.24% | 0.25x | 4.20x | $32.86 Million |
| 2024 | 21.54% | 17.93% | 0.27x | 4.50x | $29.70 Million |
| 2025 | 18.74% | 14.86% | 1.42x | 0.89x | $21.99 Million |
Industry Comparison
This section compares AMERISAFE Inc's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $2,781,411,174
- Average return on equity (ROE) among peers: 1.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AMERISAFE Inc (AMSF) | $1.13 Billion | 28.97% | -0.80x | $612.03 Million |
| ACMAT Corporation (ACMT) | $31.30 Million | 2.22% | 0.84x | $2.73 Million |
| Enact Holdings Inc (ACT) | $4.10 Billion | 17.17% | 0.40x | $1.08 Billion |
| Assured Guaranty Ltd (AGO) | $6.55 Billion | 7.95% | 1.08x | $3.63 Billion |
| Ambac Financial Group Inc (AMBC) | $2.28 Billion | -142.47% | 9.34x | $343.48 Million |
| AXIS Capital Holdings Ltd (AXS) | $5.87 Billion | 10.94% | 2.41x | $7.47 Billion |
| Beazley plc (BZLYF) | $1.50 Billion | 8.67% | 4.04x | $6.37 Billion |
| Employers Holdings Inc (EIG) | $144.61 Million | 95.15% | 20.40x | $762.61 Million |
| Essent Group Ltd (ESNT) | $4.46 Billion | 18.63% | 0.28x | $5.45 Billion |
| First Acceptance Corp (FACO) | $92.90 Million | -1.32% | 2.47x | $134.82 Million |