AMERISAFE, Inc. (AMSF)

AMERISAFE Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	306.85	294.74	315.93	339.48	370.37
Revenue Growth (YoY)	4.11%	-6.71%	-6.94%	-8.34%	-1.95%
Cost of Revenue	202.17	200.54	210.61	204.66	227.73
Gross Profit	104.68	94.2	105.32	134.82	142.64
Selling, General & Admin	27.36	26.51	25.95	27.93	27.12
Other Operating Expenses	-0.06	0.04	-0.08	-0.03	0
Operating Expenses	27.3	26.55	25.88	27.9	27.12
Operating Income	77.38	67.65	79.45	106.92	115.52
Pretax Income	77.38	67.65	79.45	106.92	115.52
Income Tax	15.27	12.04	13.69	20.32	22.83
Net Income	62.11	55.6	65.76	86.6	92.69
Net Income Growth	11.70%	-15.44%	-24.07%	-6.57%	29.40%
Shares Outstanding (Basic)	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19
Shares Change	-0.50%	-0.45%	0.23%	0.18%	0.19%
EPS (Basic)	3.24	2.89	3.40	4.49	4.82
EPS (Diluted)	3.23	2.88	3.39	4.47	4.80
EPS Growth	12.15%	-15.04%	-24.16%	-6.87%	29.38%
Free Cash Flow	29.29	26.11	36.71	62.48	77.81
Free Cash Flow Per Share	1.53	1.36	1.90	3.24	4.04
Dividend Per Share	4.860	5.240	5.160	4.580	4.500
Dividend Growth	-7.25%	1.55%	12.66%	1.78%	2.74%
Gross Margin	34.11%	31.96%	33.34%	39.71%	38.51%
Operating Margin	25.22%	22.95%	25.15%	31.50%	31.19%
Profit Margin	20.24%	18.86%	20.81%	25.51%	25.03%
Free Cash Flow Margin	9.54%	8.86%	11.62%	18.40%	21.01%
Effective Tax Rate	19.73%	17.80%	17.23%	19.00%	19.76%
EBITDA	78.8	68.96	80.47	107.93	116.46
EBITDA Margin	25.68%	23.40%	25.47%	31.79%	31.44%
Depreciation & Amortization	1.43	1.31	1.02	1.01	0.94
EBIT	77.38	67.65	79.45	106.92	115.52
EBIT Margin	25.22%	22.95%	25.15%	31.50%	31.19%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).