Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of AMERISAFE.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $309.04M | $306.91M | $294.69M | $316.01M | $339.50M | $370.37M | $377.75M | $375.21M | $396.66M | $401.62M |
| Cost of Revenue | $31.50M | $- | $50.55M | $50.77M | $48.76M | $49.34M | $54.97M | $53.96M | $54.35M | $56.60M |
| Gross Profit | $277.54M | $306.91M | $244.14M | $265.25M | $290.75M | $321.03M | $322.78M | $321.24M | $342.31M | $345.01M |
| Gross Profit Ratio | 89.81% | 100.00% | 82.85% | 83.90% | 85.64% | 86.68% | 85.45% | 85.62% | 86.30% | 85.91% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $31.50M | $27.36M | $26.51M | $25.95M | $27.93M | $27.12M | $25.99M | $25.63M | $24.88M | $24.44M |
| Selling and Marketing Expenses | $- | $- | $200.00K | $200.00K | $200.00K | $400.00K | $500.00K | $500.00K | $700.00K | $700.00K |
| Selling General and Administrative Expenses | $31.50M | $27.36M | $26.51M | $25.95M | $27.93M | $27.12M | $25.99M | $25.63M | $24.88M | $24.44M |
| Other Expenses | $277.61M | $- | $-203.01M | $-262.52M | $-260.51M | $-281.97M | $-316.16M | $-264.63M | $-254.37M | $-268.49M |
| Operating Expenses | $309.11M | $27.56M | $-176.50M | $-236.56M | $-232.59M | $-254.85M | $-290.17M | $-239.00M | $-229.49M | $-244.05M |
| Cost and Expenses | $309.11M | $27.56M | $227.05M | $236.56M | $232.59M | $254.85M | $290.17M | $292.97M | $283.84M | $300.65M |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $1.09M | $1.43M | $1.31M | $1.02M | $1.01M | $942.00K | $996.00K | $984.00K | $1.18M | $1.35M |
| EBITDA | $- | $- | $- | $- | $- | $116.46M | $88.58M | $- | $- | $- |
| EBITDA Ratio | 0.00% | 0.00% | 23.40% | 25.46% | 31.79% | 31.44% | 23.45% | 22.18% | 28.74% | 25.48% |
| Operating Income | $-31.57M | $279.35M | $67.65M | $79.45M | $106.92M | $115.52M | $87.58M | $82.24M | $112.82M | $100.97M |
| Operating Income Ratio | -10.22% | 91.02% | 22.95% | 25.14% | 31.49% | 31.19% | 23.18% | 21.92% | 28.44% | 25.14% |
| Total Other Income Expenses Net | $100.62M | $-201.97M | $-44.00K | $79.00K | $27.00K | $- | $- | $-2.00K | $-1.00K | $-664.00K |
| Income Before Tax | $69.06M | $77.38M | $67.65M | $79.45M | $106.92M | $115.52M | $87.58M | $82.24M | $112.82M | $100.97M |
| Income Before Tax Ratio | 22.35% | 25.21% | 22.95% | 25.14% | 31.49% | 31.19% | 23.18% | 21.92% | 28.44% | 25.14% |
| Income Tax Expense | $13.62M | $15.27M | $12.04M | $13.69M | $20.32M | $22.83M | $15.95M | $36.01M | $34.96M | $30.50M |
| Net Income | $55.44M | $62.11M | $55.60M | $65.76M | $86.60M | $92.69M | $71.63M | $46.23M | $77.86M | $70.46M |
| Net Income Ratio | 17.94% | 20.24% | 18.87% | 20.81% | 25.51% | 25.03% | 18.96% | 12.32% | 19.63% | 17.54% |
| EPS | $2.91 | $3.24 | $2.89 | $3.40 | $4.49 | $4.82 | $3.73 | $2.41 | $4.08 | $3.72 |
| EPS Diluted | $2.89 | $3.23 | $2.88 | $3.39 | $4.47 | $4.80 | $3.71 | $2.40 | $4.05 | $3.69 |
| Weighted Average Shares Outstanding | 19.07M | 19.15M | 19.23M | 19.33M | 19.29M | 19.25M | 19.21M | 19.17M | 19.11M | 18.94M |
| Weighted Average Shares Outstanding Diluted | 19.16M | 19.23M | 19.32M | 19.41M | 19.36M | 19.33M | 19.29M | 19.25M | 19.20M | 19.12M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $44.05M | $38.68M | $61.47M | $70.72M | $61.76M | $43.81M | $40.34M | $55.56M | $58.94M | $69.48M |
| Short Term Investments | $307.75M | $317.06M | $335.24M | $399.20M | $460.18M | $497.69M | $492.96M | $491.36M | $508.68M | $387.74M |
| Cash and Short Term Investments | $351.80M | $355.75M | $61.47M | $70.72M | $61.76M | $43.81M | $40.34M | $55.56M | $58.94M | $69.48M |
| Net Receivables | $149.99M | $272.88M | $257.27M | $- | $- | $- | $284.68M | $184.87M | $194.37M | $197.05M |
| Inventory | $- | $- | $68.25M | $-379.86M | $-397.94M | $-345.20M | $137.60M | $-46.29M | $-50.97M | $-118.53M |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $501.78M | $628.62M | $653.98M | $326.38M | $324.32M | $297.68M | $817.99M | $706.02M | $732.40M | $646.55M |
| Property Plant Equipment Net | $5.89M | $6.38M | $7.33M | $6.65M | $6.50M | $6.33M | $6.26M | $6.13M | $6.64M | $6.18M |
| Goodwill | $- | $816.86M | $- | $987.78M | $1.06B | $1.09B | $1.09B | $- | $- | $- |
| Intangible Assets | $- | $17.98M | $17.40M | $17.06M | $17.81M | $19.05M | $19.73M | $20.25M | $19.30M | $20.41M |
| Goodwill and Intangible Assets | $- | $834.84M | $17.40M | $1.00B | $1.08B | $1.11B | $1.11B | $20.25M | $19.30M | $20.41M |
| Long Term Investments | $481.03M | $540.72M | $888.99M | $1.01B | $1.09B | $1.13B | $1.13B | $1.13B | $1.07B | $1.03B |
| Tax Assets | $- | $-1.36B | $22.79M | $14.38M | $13.66M | $17.51M | $21.85M | $19.26M | $33.81M | $29.91M |
| Other Non-Current Assets | $-481.03M | $-191.46M | $-40.20M | $-1.02B | $-1.10B | $-1.13B | $-1.13B | $-1.15B | $-1.09B | $-1.05B |
| Total Non-Current Assets | $5.89M | $1.19B | $896.32M | $1.02B | $1.10B | $1.13B | $1.13B | $25.39M | $40.45M | $36.09M |
| Other Assets | $650.12M | $-589.94M | $-281.02M | $57.12M | $51.30M | $63.88M | $-433.80M | $786.82M | $746.01M | $819.41M |
| Total Assets | $1.16B | $1.23B | $1.27B | $1.40B | $1.47B | $1.49B | $1.52B | $1.52B | $1.52B | $1.50B |
| Account Payables | $- | $- | $38.06M | $37.88M | $- | $- | $- | $- | $28.00K | $154.00K |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $2.18M | $- | $1.45M | $6.41M | $417.00K | $3.22M | $3.41M | $1.76M | $4.02M | $911.00K |
| Deferred Revenue | $- | $- | $22.79M | $- | $- | $- | $- | $- | $- | $-39.00K |
| Other Current Liabilities | $-750.00K | $- | $-39.51M | $-44.30M | $-417.00K | $-3.22M | $-3.41M | $-1.76M | $-4.04M | $-1.06M |
| Total Current Liabilities | $1.43M | $- | $38.06M | $37.88M | $38.88M | $40.09M | $38.61M | $1.76M | $4.02M | $911.00K |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $9.43M | $18.60M | $19.59M | $18.20M | $16.93M | $6.58M | $8.66M | $11.37M |
| Other Non-Current Liabilities | $898.27M | $936.71M | $- | $1.00B | $1.03B | $1.06B | $1.11B | $1.09B | $1.06B | $1.05B |
| Total Non-Current Liabilities | $898.27M | $936.71M | $38.06M | $996.99M | $1.03B | $1.06B | $1.10B | $1.09B | $1.06B | $1.05B |
| Other Liabilities | $750.00K | $936.71M | $875.73M | $-996.99M | $-1.03B | $-1.06B | $-35.20M | $- | $- | $- |
| Total Liabilities | $900.45M | $936.71M | $951.85M | $37.88M | $38.88M | $40.09M | $1.11B | $1.09B | $1.06B | $1.05B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $207.00K | $207.00K | $207.00K | $206.00K | $206.00K | $205.00K | $205.00K | $204.00K | $204.00K | $203.00K |
| Retained Earnings | $- | $114.29M | $145.51M | $190.49M | $224.65M | $227.16M | $221.33M | $233.90M | $270.42M | $268.87M |
| Accumulated Other Comprehensive Income Loss | $-8.88M | $-7.19M | $-13.83M | $13.54M | $21.02M | $12.21M | $-832.00K | $3.61M | $-492.00K | $2.59M |
| Other Total Stockholders Equity | $266.01M | $185.15M | $185.54M | $195.09M | $192.95M | $190.63M | $189.06M | $187.71M | $186.02M | $182.32M |
| Total Stockholders Equity | $257.34M | $292.45M | $317.43M | $399.32M | $438.82M | $430.21M | $409.76M | $425.42M | $456.15M | $453.98M |
| Total Equity | $257.34M | $292.45M | $317.43M | $399.32M | $438.82M | $430.21M | $409.76M | $425.42M | $456.15M | $453.98M |
| Total Liabilities and Stockholders Equity | $1.16B | $1.23B | $1.27B | $1.40B | $1.47B | $1.49B | $1.52B | $1.52B | $1.52B | $1.50B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.16B | $1.23B | $1.27B | $1.40B | $1.47B | $1.49B | $1.52B | $1.52B | $1.52B | $1.50B |
| Total Investments | $788.78M | $857.79M | $888.99M | $1.01B | $1.09B | $1.13B | $1.13B | $1.13B | $1.08B | $1.05B |
| Total Debt | $- | $267.00K | $336.00K | $395.00K | $499.00K | $484.00K | $- | $- | $- | $67.00K |
| Net Debt | $-44.05M | $-38.68M | $-61.13M | $-70.33M | $-61.26M | $-43.33M | $-40.34M | $-55.56M | $-58.94M | $-69.41M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $55.44M | $62.11M | $55.60M | $65.76M | $86.60M | $92.69M | $71.63M | $46.23M | $77.86M | $70.46M |
| Depreciation and Amortization | $1.09M | $1.43M | $1.31M | $1.02M | $1.01M | $942.00K | $996.00K | $984.00K | $1.18M | $1.35M |
| Deferred Income Tax | $1.40M | $628.00K | $-1.14M | $1.27M | $1.66M | $872.00K | $-1.46M | $12.80M | $-2.25M | $1.45M |
| Stock Based Compensation | $2.94M | $1.56M | $2.48M | $2.32M | $3.30M | $2.35M | $2.06M | $2.02M | $1.60M | $1.22M |
| Change in Working Capital | $- | $-31.04M | $-41.50M | $-27.14M | $-32.04M | $-22.02M | $10.63M | $54.11M | $19.05M | $-1.20M |
| Accounts Receivables | $- | $-8.48M | $13.39M | $21.66M | $1.19M | $4.53M | $11.76M | $8.77M | $2.36M | $-6.45M |
| Inventory | $- | $-19.12M | $- | $-31.98M | $-24.01M | $-37.61M | $24.33M | $26.37M | $4.79M | $34.61M |
| Accounts Payables | $-2.23M | $306.00K | $969.00K | $-2.24M | $-6.75M | $-5.02M | $4.27M | $-2.38M | $3.60M | $4.36M |
| Other Working Capital | $-15.60M | $-3.74M | $-55.85M | $-14.58M | $-2.48M | $16.09M | $-29.73M | $21.35M | $8.30M | $-33.73M |
| Other Non Cash Items | $-36.68M | $-4.84M | $11.44M | $-5.24M | $2.87M | $3.98M | $14.41M | $14.66M | $16.76M | $19.58M |
| Net Cash Provided by Operating Activities | $24.19M | $29.84M | $28.19M | $37.98M | $63.40M | $78.82M | $98.27M | $130.81M | $114.21M | $92.86M |
| Investments in Property Plant and Equipment | $-840.00K | $-553.00K | $-2.09M | $-1.30M | $-921.00K | $-1.02M | $-1.13M | $-478.00K | $-1.64M | $-953.00K |
| Acquisitions Net | $- | $-44.44M | $-85.01M | $23.00K | $-104.56M | $-159.70M | $-100.11M | $-78.90M | $-177.16M | $-25.00M |
| Purchases of Investments | $-110.70M | $-133.68M | $-215.48M | $-271.18M | $-320.95M | $-345.90M | $-368.27M | $-401.81M | $-354.59M | $-326.17M |
| Sales Maturities of Investments | $112.84M | $178.12M | $293.00M | $343.41M | $365.24M | $358.61M | $340.34M | $350.75M | $305.75M | $277.30M |
| Other Investing Activities | $71.07M | $44.44M | $85.01M | $72.25M | $104.56M | $159.70M | $100.11M | $78.90M | $177.16M | $25.00M |
| Net Cash Used for Investing Activities | $72.37M | $43.88M | $75.43M | $70.96M | $43.37M | $11.69M | $-29.06M | $-51.54M | $-50.48M | $-49.82M |
| Debt Repayment | $-85.00K | $-91.00K | $-58.00K | $- | $- | $-47.00K | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $20.00K | $67.00K | $- | $837.00K | $1.84M |
| Common Stock Repurchased | $-5.12M | $-2.17M | $-12.39M | $- | $- | $-20.00K | $- | $- | $- | $- |
| Dividends Paid | $-85.44M | $-93.31M | $-100.43M | $-99.93M | $-88.78M | $-87.02M | $-84.49M | $-82.64M | $-76.11M | $-68.56M |
| Other Financing Activities | $-554.00K | $-944.00K | $- | $-44.00K | $-50.00K | $20.00K | $67.00K | $- | $1.83M | $4.05M |
| Net Cash Used Provided by Financing Activities | $-91.20M | $-96.51M | $-112.87M | $-99.97M | $-88.83M | $-87.04M | $-84.42M | $-82.64M | $-74.28M | $-64.51M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $5.36M | $-22.79M | $-9.25M | $8.96M | $17.94M | $3.47M | $-15.21M | $-3.38M | $-10.54M | $-21.48M |
| Cash at End of Period | $44.05M | $38.68M | $61.47M | $70.72M | $61.76M | $43.81M | $40.34M | $55.56M | $58.94M | $69.48M |
| Cash at Beginning of Period | $38.68M | $61.47M | $70.72M | $61.76M | $43.81M | $40.34M | $55.56M | $58.94M | $69.48M | $90.96M |
| Operating Cash Flow | $24.19M | $29.84M | $28.19M | $37.98M | $63.40M | $78.82M | $98.27M | $130.81M | $114.21M | $92.86M |
| Capital Expenditure | $-840.00K | $-553.00K | $-2.09M | $-1.30M | $-921.00K | $-1.02M | $-1.13M | $-478.00K | $-1.64M | $-953.00K |
| Free Cash Flow | $23.35M | $29.29M | $26.11M | $36.68M | $62.48M | $77.81M | $97.14M | $130.33M | $112.57M | $91.91M |