AMERISAFE recently announced results for the second quarter ended June 30th, 2016. Janelle Frost, President and Chief Executive Officer, said, “The workers’ compensation market is increasingly competitive. Our industry was profitable in 2015 which has spurred interest for companies which previously de-emphasized workers’ compensation. AMERISAFE remains unwavering both in our disciplined underwriting focus on our market niche and in producing consistent, superior results. This quarter’s combined ratio of 80.4 percent is a result of that commitment.”
Further, gross premiums written in the quarter decreased by $2.8 million, or 2.6 percent due to lower payroll audits of $3.0 million, offset in part by positive premium growth for voluntary policies. Payroll audits and related premium adjustments increased premiums written by $1.5 million in the second quarter of 2016, compared with $4.5 million in the second quarter of 2015.
Read full results here.