AMERISAFE INVESTOR PRESENTATION
Fourth Quarter 2022
AndyG. JanelleOmiridisFro t
Chief FinancialExecut veOfficerO ficer
THE PREMIER WORKERS' COMPENSATION SPECIALIST
FORWARD LOOKING STATEMENTS
Statements made in this press release that are not historical facts, including statements accompanied by words such as "will," "believe," "anticipate," "expect," "estimate," or similar words are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding AMERISAFE's plans and performance. These statements are based on management's estimates, assumptions and projections as of the date of this release and are not guarantees of future performance and include statements regarding management's views and expectations of the workers' compensation market, the Company's growth opportunities, underwriting margins and actions by competitors. Actual results may differ materially from the results expressed or implied in these statements if the underlying assumptions prove to be incorrect or as the results of risks, uncertainties and other factors, including the impact of a pandemic on the business and operations of the Company and our policyholders and the market value of our investment portfolio. Additional factors that may affect our results are set forth in the Company's filings with the Securities and Exchange Commission, including AMERISAFE's Annual Report on Form 10-K. AMERISAFE cautions you not to place undue reliance on the forward-looking statements contained in this release. AMERISAFE does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
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OVERVIEW
AMERISAFE has a 37-year operating history as a specialty provider of workers' compensation insurance for small to mid-sized employers engaged in high hazard industries.
Company Highlights
Ticker / Exchange | AMSF / Nasdaq |
Headquarters | DeRidder, LA |
Stock Price | $52.38 |
Annual Dividend / Yield | $1.36 / 2.6% |
Market Cap | $1.0 B |
Average Combined Ratio / ROE* | 85.9% / 15.5% |
Annual Net Premiums Earned (TTM) | $272 M |
Employees - 2022 | 366 |
Annual Shareholder Total Return* | 14.5% |
- Market data as of April 19, 2023; Financial data as of December 31, 2022 *2006 - 2022
2022 Premium Distribution by State
AMERISAFE actively markets insurance in 27 states
PILLARS OF DISTINCTION
HIGH HAZARD NICHE FOCUS
- Rate more than 3x national average
- Difficult to serve industry sub- segments
- Mobile workforce- non-fixed workplace environment
- Less impacted by soft market cycles
SMALL TO MID- SIZE EMPLOYER FOCUS
- Less competition
- Less price sensitivity
- More difficult to serve
- Higher client retention
- Requires expense management/ operational efficiency
HIGH HAZARD
UNDERWRITING
EXPERTISE
- Industry-specificrisk analysis tools
- Underwriters' knowledge of industry practices
- No MGA's / MGU's
- Track record of pricing discipline
- Underwriter bonus tied directly to underwriting profitability
COMPREHENSIVE SAFETY SERVICES
- Field Safety Professionals (FSPs) maintain in-depth knowledge of high hazard industries
- Pre-quotation,worksite safety inspection performed on over 90% of new accounts
- FSPs geographically dispersed
- FSPs bonus tied directly to underwriting profitability
INTENSIVE CLAIMS
MANAGEMENT
- Field Case Managers (FCMs) located in service areas
-
Low case load of less than 50 claims per
FCM - Higher severity losses require unique claims handling skills and processes
- FCMs focus on timely resolution of claims
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HIGH HAZARD NICHE
-
The difference between chance and risk is knowledge. The more you know, the less risk you take."
-Millard Morris, Founder
2022 Premiums by Hazard Group
50% | |
High Hazard | |
40% | |
86% of premiums vs. | |
30% | 49% industry average |
20%
10%
0%
A | B | C | D | E | F | G |
AMERISAFE | Workers' Compensation Industry Average* |
86% in Hazard
Groups E-G
Higher Risk
Lower Risk
14% in Hazard
Groups A-D
2022 Premiums by Hazard Group
- B
0.0% | 1.0% | C |
G | 7.1% | |
18.4% | D |
5.9%
E
25.7%
F
42.4%
- *2020 NCCI Hazard Group data
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Disclaimer
Amerisafe Inc. published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2023 13:56:26 UTC.