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← CockpitCompetitor Analysis › AMSF AMERISAFE, Inc.Open in the cockpit ↗

AMERISAFE, Inc.AMSFCompetitor analysis, valuation and peers

United States · USD·Financials›Property/Casualty Insurance
Momentum laggard 13
Mkt cap
$363M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$9.34M
20-day average traded
P/B
1.53×
price to book
ROE
15.8%
delivered
Implied ROE
8.1%
what the price asks
Next earnings
110 days
24 Feb 2027
Close · USD$19.59
1D-3.6%
1W-6.3%
1M-20.8%
3M-30.4%
6M-35.5%
YTD-49.0%
1Y-51.2%
ATR %4.8%
Beta-0.07
52w lowhigh53.5% off high

What AMERISAFE does

Employees: 370

AMERISAFE at a glance

Size AMERISAFE (AMSF) is a United States Financials company (Property/Casualty Insurance) with a market value of $363M, the 2945th largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.59 on 6 Nov 2026.

Performance Over six months the shares fell 35.5%, against +12.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 16 in its peer set.

Growth Revenue grew 7.7% over the last twelve months (peer median +11.2%); the operating margin is 15.0% (peer median 15.6%).

Valuation It trades at 1.53× book value against a peer median of 1.38× (8th most expensive of 17).

Price implies The share price implies a return on equity of about 8.1%; AMERISAFE delivers 15.8%, so the price asks less than the business earns today.

Short interest Short interest is 3.1% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 114AMSF 65
Six months, rebased to 100: AMERISAFE against the median of its 16 peers (local-currency closes).

AMERISAFE financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$333M$317M$309M$307M$295M
Revenue growth—+3%+1%+4%—
Net income$40.4M$47.1M$55.4M$62.1M$55.6M
Free cash flow$12.3M$8.92M$23.4M$29.3M$26.1M
Capital expenditure$241,000$2.15M$840,000$553,000$2.09M
Total debt$0$491,000$428,000$267,000$336,000

Quarterly statements and history in the cockpit →

AMERISAFE competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%-10%0%+10%2832GBLIACIC8715GLRE000370AIISBRE000400EIGHIPOHRTGASICUFCSUVEAMSF6-month return →1-month return →
Up and to the right = strong over both horizons. AMERISAFE is the large dot.

Fundamentals: return on equity against price-to-book

0%20%40%60%80%00×250×500×750×2832GBLIACIC8715AII000400OIGHRTGUVEAMSFReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. AMERISAFE is the large dot.

Capital: ROE delivered against the ROE the price implies

0%20%40%0%20%40%2832GBLIACIC8715GLREAIISBRE000400EIGHIPOHRTGUVEAMSFROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. AMERISAFE is the large dot.

AMERISAFE competitors and peer comparison

How AMERISAFE compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

AMERISAFE against its 16 peers (data as of 6 Nov 2026)
MeasureAMSFPeer medianRank in peer set
1-month return-20.8%-0.6%lowest of 17
6-month return-35.5%+12.6%lowest of 16
Return on equity15.8%14.4%7th highest of 17
Price / book1.53×1.38×8th most expensive of 17
Trailing P/E9.1×10.4×8th cheapest of 16
ROE the price implies8.1%7.8%8th most demanding of 16
ROE delivered15.8%14.0%5th highest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
AMERISAFE AMSFUnited States$363M-35%+8%16%1.53×8.1%15.8%
Taiwan Fire & Marine Insurance 2832.TWTaiwan$411M+3%+26%13%1.12×3.9%12.6%
Global Indemnity Group LLC GBLIUnited States$318M-21%+3%4%0.45×5.0%4.4%
American Coastal Insurance ACICUnited States$475M-5%-5%26%1.33×7.5%25.5%
Anicom 8715.TJapan$493M-31%+11%14%2.60×17.7%14.0%
Greenlight Capital Re GLREUnited States$518M-10%-1%8%0.76×5.5%7.5%
Hanwha General Insurance 000370.KSSouth Korea$519M-9%+15%11%0.26×3.8%11.4%
American Integrity Insurance AIIUnited States$528M+37%+35%26%1.43×7.8%26.2%
Sabre Insurance SBRE.LUnited Kingdom$565M+17%-10%15%1.72×9.5%15.0%
Lotte Non-Life Insurance 000400.KSSouth Korea$569M+18%+19%-2%0.82×5.1%-2.1%
Employers EIGUnited States$830M+13%-13%3%1.06×7.7%3.0%
Orion180 Insurance OIGUnited States$888Mn/a+38%77%73.37×n/an/a
Hippo HIPOUnited States$929M+28%+21%7%1.98×22.6%7.2%
Heritage Insurance HRTGUnited States$984M+48%+2%42%1.64×14.1%41.7%
Ategrity Specialty Insurance ASICUnited States$1.16B+23%+30%16%1.89×9.3%15.8%
United Fire UFCSUnited States$1.23B-1%+11%15%1.31×9.0%14.9%
Universal Insurance UVEUnited States$1.29B+19%+6%41%2.00×13.1%40.8%

Questions

Which companies are AMERISAFE's closest peers?
The cockpit's peer set: Taiwan Fire & Marine Insurance (2832.TW), Global Indemnity Group LLC (GBLI), American Coastal Insurance (ACIC), Anicom (8715.T), Greenlight Capital Re (GLRE), Hanwha General Insurance (000370.KS), American Integrity Insurance (AII), Sabre Insurance (SBRE.L).
Is AMERISAFE expensive compared with its peers?
On price / book it trades at 1.53× against a peer median of 1.38×, 8th most expensive of 17 in its peer set. The share price implies a return on equity of about 8.1%; AMERISAFE delivers 15.8%, so the price asks less than the business earns today.
How has AMERISAFE stock performed?
Over six months to 6 Nov 2026 the shares returned -35.5% against +12.6% for the median peer; over one year -51.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.