← AMERISAFE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $77.9m | $46.2m | $71.6m | $92.7m | $86.6m | $65.8m | $55.6m | $62.1m | $55.4m | $47.1m | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $44.3m | $43.0m | $45.8m | $44.6m | $41.6m | $38.5m | $39.9m | $40.9m | $42.2m | $44.2m | — | |
| Depreciation | $1.2m | $984k | $996k | $942k | $1.0m | $1.0m | $1.3m | $1.4m | $1.1m | $742k | $686k | |
| Deferred Income Tax Expense (Benefit) | ($2.2m) | $12.8m | ($1.5m) | $872k | $1.7m | $1.3m | ($1.1m) | $628k | $1.4m | $372k | $1.9m | |
| Share-based Payment Arrangement, Noncash Expense | $1.6m | $2.0m | $2.1m | $2.4m | $3.3m | $2.3m | $2.5m | $1.6m | $2.9m | $2.9m | $2.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $944k | $554k | $817k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $199.0m | $209.3m | $204.9m | $176.3m | $157.2m | $160.8m | $152.3m | $148.3m | $157.3m | $169.9m | — | |
| Increase (Decrease) in Other Operating Assets | — | $1.9m | ($1.9m) | ($710k) | $1.2m | $1.0m | $2.8m | $1.0m | ($6.7m) | $135k | — | |
| Net Cash Provided by (Used in) Operating Activities | $114.2m |
$130.8m
+14.53%
|
$98.3m
-24.88%
|
$78.8m
-19.79%
|
$63.4m
-19.57%
|
$38.0m
-40.09%
|
$28.2m
-25.76%
|
$29.8m
+5.85%
|
$24.2m
-18.94%
|
$11.1m
-54.24%
|
$20.4m
+84.28%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.6m | $478k | $1.1m | $1.0m | $921k | $1.3m | $2.1m | $553k | $840k | $2.1m | ($1.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1k) | ($2k) | — | ($3k) | ($58k) | $21k | ($9k) | ($2k) | ($209k) | $0 | $165k | |
| Net Cash Provided by (Used in) Investing Activities | ($50.5m) | ($51.5m) | ($29.1m) | $11.7m | $43.4m | $71.0m | $75.4m | $43.9m | $72.4m | $68.4m | $65.6m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $2.2m | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $76.1m | $82.6m | $84.5m | $87.0m | $88.8m | $99.9m | $100.4m | $93.3m | $85.4m | $48.6m | ($49.1m) | |
| Payments of Dividends | $67.0m | $78.9m | $65.4m | $115.9m | $88.6m | $148.4m | $77.7m | $56.0m | $71.0m | $62.7m | ($49.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($74.3m) |
($82.6m)
-11.26%
|
($84.4m)
-2.15%
|
($87.0m)
-3.10%
|
($88.8m)
-2.05%
|
($100.0m)
-12.55%
|
($112.9m)
-12.90%
|
($96.5m)
+14.49%
|
($91.2m)
+5.51%
|
($61.6m)
+32.44%
|
($69.0m)
-11.97%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $3.5m | $17.9m | $9.0m | ($9.3m) | ($22.8m) | $5.4m | $17.9m | $65.5m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $31.5m | $28.3m | $11.2m | $20.9m | $20.6m | $18.2m | $7.8m | $13.9m | $11.8m | $12.4m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($2.1m) | $4.8m | $4.2m | $12.3m | ($8.1m) | $1.2m | $9.5m | $3.7m | — | |
| Income Tax Expense (Benefit) | $35.0m | $36.0m | $15.9m | $22.8m | $20.3m | $13.7m | $12.0m | $15.3m | $13.6m | $11.7m | — | |
| Operating Lease, Expense | — | — | — | $200k | $200k | $200k | $100k | $100k | $100k | $100k | — | |
| Proceeds from Stock Options Exercised | $837k | — | $67k | $20k | — | — | — | — | — | — | — | |
| Realized Investment Gains (Losses) | $509k | $647k | $1.5m | $80k | $1.1m | $1.7m | $3.4m | $6.6m | ($576k) | $3.0m | — |