A.M. Best has revised the issuer credit rating (ICR) outlook to positive from stable and affirmed the financial strength rating (FSR) of A (Excellent) and ICR of “a” for AMERISAFE, based in DeRidder. According to the release from Best, “These rating actions reflect Amerisafe’s sound level of risk-adjusted capitalization, consistently profitable operating performance and its established position and experience in the workers’ compensation market for high hazard risks. Driven by solid underwriting results, Amerisafe produces operating results that continue to outperform its peer composite average over the long term. Management’s adherence to prudent underwriting practices and pricing discipline, consistent reserving practices that have resulted in favorable calendar-year loss reserve development trends, focused loss control and safety programs and active claims management are the basis for the favorable underwriting results.”
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