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Amerisafe (AMSF) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Amerisafe (AMSF) Q3 2026 earnings results →
Q3 2026 Revenue down 3% year over year to $79.8M · 9¢ of every $1 of revenue kept as net profit · operating margin 11.3%
Amerisafe made $79.8M in Q3 2026 (-3% Y/Y). Operating margin 11.3%, net earnings $7.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $79.8M in Q3 2026, down 3% year over year and down 13% from the previous quarter.
Operating profit was $9.0M, a 11.3% margin (down 10.1 points year over year). Total costs grew 10% against a revenue fall of 3%. Net earnings were $7.2M, down 48% year over year. The effective tax rate was 20.0%.
Operating cash flow was $2.8M (down 73% year over year), 40% of net earnings. Non-cash charges added back $177K of depreciation and $834K of share-based compensation. Working capital and other items used $5.4M. Capital expenditures of $39K left free cash flow of $2.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $79.8M | -3% | 11.3% | $7.2M | $2.8M |
| Q2 2026 | 10-Q | Jul 23, 2026 | $92.0M | +13% | 19.9% | $14.6M | $1.8M |
| Q1 2026 | 10-Q | Apr 23, 2026 | $80.1M | +10% | 12.7% | $8.1M | −$2.7M |
| Q4 2025 | 10-K | Feb 27, 2026 | $81.6M | +10% | 15.6% | $10.4M | $10.6M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $82.0M | +4% | 21.3% | $13.8M | $10.7M |
| Q2 2025 | 10-Q | Jul 25, 2025 | $81.1M | +7% | 21.5% | $14.0M | −$8.4M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $72.6M | -10% | 15.5% | $8.9M | −$1.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Amerisafe
AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, services, manufacturing, and maritime. Since commencing operations in 1986, we have gained significant experience underwriting the complex workers’ compensation exposures inherent in these industries. We provide coverage to employers under state and federal workers’ compensation laws. These laws prescribe wage replacement and medical care benefits that employers are obligated to provide to their employees who are injured in the course and scope of their employment. Our workers’ compensation insurance policies provide benefits to injured employees for, among other things, temporary or permanent disability, death and medical and hospital expenses.
In its own words, from its 10-K, filed Feb 27, 2026.
Amerisafe against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +2%. Operating margin: 11.3% against the peers' median 15.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AMSF Amerisafe | Q3 2026 | $79.8M | -3% | 11.3% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Amerisafe 10-Q on SEC EDGAR · CIK 1018979 · Fire, Marine & Casualty Insurance
Guidance and outlook
13F: who owns AMSF and who is buying
More on AMSF
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results