AMERISAFE (AMSF) Q4 2025 Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 26, 2026
AI-Generated Deep Dive Summary
AMERISAFE (AMSF) delivered a strong set of financial results for Q4 2025, showcasing its ability to maintain profitability despite operating in a prolonged soft market for workers’ compensation insurance. The company reported a solid Return on Equity (ROE) of 18.5%, reflecting its underwriting discipline and efficiency. Notably, the Combined Ratio stood at 91.3%, underscoring the company’s effectiveness in managing claims while maintaining profitability despite ongoing rate declines.
The insurer also demonstrated robust premium growth, with Gross Premium Written (GPW) increasing by 11.7% for the quarter and 6.7% for the year. This marked the seventh consecutive quarter of top-line growth, driven by a 10.5% rise in Voluntary Premium during Q4 and a 10.2% increase annually. The company’s Policy Retention rate remained steady at 93.7%, supporting its in-force policy count growth of 10.2% for the year. These figures highlight AMERISAFE’s success in expanding its market presence while maintaining customer satisfaction.
However, the company faced challenges related to claim severity and frequency. The Current
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Originally published on The Motley Fool on 2/26/2026