Amerisafe Q3 operating EPS falls on higher expenses, competitive workers' compensation market
AMSF•Amerisafe reported Q3 operating EPS of $0.40 as higher expenses, a competitive workers’ compensation market and softer audit premiums weighed on results. Net premiums earned rose 3.0% year over year.
1. Quarterly results
Amerisafe reported Q3 operating EPS of $0.40, EPS of $0.39 and net income of $7.20 million. Gross premiums were $76.67 million, and the combined ratio was 96.50%. Net premiums earned increased 3.0% year over year.
2. Expense and premium factors
The company said higher insurance-related assessments, compensation costs and commissions raised its underwriting expense ratio. Payroll audits and related premium adjustments reduced premiums written by $1.6 million in Q3 2026, compared with a $2.5 million increase in Q3 2025.
3. Market outlook
Amerisafe said the workers’ compensation market remains increasingly competitive and that it remains focused on sustaining new business momentum and underwriting discipline.
