Amerisafe: 2Q Earnings Snapshot
DERIDDER, La. (AP) _ Amerisafe Inc. (AMSF) on Wednesday reported second-quarter net income of $17.9 million.
The Deridder, Louisiana-based company said it had profit of 93 cents per share. Earnings, adjusted for non-recurring gains, were 90 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The insurance provider posted revenue of $91.8 million in the period. Its adjusted revenue was $91.2 million.
Amerisafe shares have climbed 15% since the beginning of the year. The stock has risen almost 4% in the last 12 months.