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AMSF Financials AMERISAFE INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 1.3% per year over the past 5 years.
  • Net income has grown slower than revenue (-11.5% vs -1.3% per year).
  • Free cash flow has declined 32.2% per year over the past 5 years.

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 133.1% of earnings and 702.8% of free cash flow.
  • The dividend has declined 6.7% per year over the past 5 years.
Revenue & net income
$0 $202M $404M 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 13% 26% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $65M $130M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $62M $123M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$113M $9M $131M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $317M $47M 0.0% 0.0% $9M $62M
2024 $309M $55M 0.0% 0.0% $23M $44M
2023 $307M $62M 0.0% 0.0% $29M $39M
2022 $295M $56M 0.0% 0.0% $26M $61M
2021 $316M $66M 0.0% 0.0% $37M $71M
2020 $339M $87M 0.0% 0.0% $62M $62M
2019 $370M $93M 0.0% 0.0% $78M $44M
2018 $378M $72M 0.0% 0.0% $97M $40M
2017 $375M $46M 0.0% 0.0% $130M $56M
2016 $397M $78M 0.0% 0.0% $113M $59M
2015 $401M $70M 0.0% 0.0% $69M
2014 $404M $54M 0.0% 0.0% $91M
2013 $356M $44M 0.0% 0.0% $123M
2012 $321M $29M 0.0% 0.0% $80M $93M
2011 $281M $24M 0.0% 0.0% $43M $46M

Valuation over time

How the market has priced AMSF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 9.3 18.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.8 3.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 5.5 11.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is AMSF growing its revenue and profit?

Over the past 5 years, AMERISAFE INC's revenue has declined 1.3% per year, and net income declined 11.5% per year. These are computed facts, not advice.

How much debt does AMSF have?

As of FY2025, AMERISAFE INC reported — of total debt against $62M of cash.

What is AMSF's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 14.8%.

What is AMSF's P/E ratio?

As of Jun '26, AMERISAFE INC traded at a price-to-earnings ratio of about 12.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.