Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $397M | $375M | $378M | $370M | $339M | $316M | $295M | $307M | $309M | $317M |
| Revenue growth | — | -5.4% | 0.7% | -2.0% | -8.3% | -6.9% | -6.7% | 4.1% | 0.7% | 2.7% |
| Net income | $77.9M | $46.2M | $71.6M | $92.7M | $86.6M | $65.8M | $55.6M | $62.1M | $55.4M | $47.1M |
| Net margin | 19.6% | 12.3% | 19.0% | 25.0% | 25.5% | 20.8% | 18.9% | 20.2% | 17.9% | 14.9% |
| EPS (diluted) | $4.05 | $2.40 | $3.71 | $4.80 | $4.47 | $3.39 | $2.88 | $3.23 | $2.89 | $2.47 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $114M | $131M | $98.3M | $78.8M | $63.4M | $38.0M | $28.2M | $29.8M | $24.2M | $11.1M |
| Capital expenditures | $1.64M | $478K | $1.13M | $1.02M | $921K | $1.30M | $2.09M | $553K | $840K | $2.15M |
| Free cash flow | $113M | $130M | $97.1M | $77.8M | $62.5M | $36.7M | $26.1M | $29.3M | $23.4M | $8.92M |
| Share buybacks | — | — | — | — | — | — | $12.4M | $2.17M | — | — |
| Dividends paid | $76.1M | $82.6M | $84.5M | $87.0M | $88.8M | $99.9M | $100M | $93.3M | $85.4M | $48.6M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $58.9M | $55.6M | $40.3M | $43.8M | $61.8M | $70.7M | $61.5M | $38.7M | $44.0M | $61.9M |
| Total assets | $1.52B | $1.52B | $1.52B | $1.49B | $1.47B | $1.40B | $1.27B | $1.23B | $1.16B | $1.13B |
| Total liabilities | $1.06B | $1.09B | $1.11B | $1.06B | $1.03B | $1.00B | $952M | $937M | $900M | $879M |
| Shareholders' equity | $456M | $425M | $410M | $430M | $439M | $399M | $317M | $292M | $257M | $252M |
| Retained earnings | $270M | $234M | $221M | $227M | $225M | $190M | $146M | $114M | $84.1M | $82.8M |
| Shares (wtd avg diluted) | 19.2M | 19.2M | 19.3M | 19.3M | 19.4M | 19.4M | 19.3M | 19.2M | 19.2M | 19.1M |
Every figure is extracted from AMERISAFE INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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