AMERISAFE, Inc. Financial Ratios — AMSF Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	7.12	8.03	10.94	12.43	15.64	17.11	10.49	17.15	22.07	19.93	15.69	15.51	20.37	20.17	18.53
Return on Assets (%)	2.14	2.48	3.42	3.85	4.76	5.16	3.04	4.72	6.16	5.84	4.58	4.16	4.97	4.64	4.12
Return on Capital (%)	6.83	7.88	10.94	12.43	15.64	17.11	10.49	17.15	22.07	19.93	15.69	15.51	20.37	20.17	18.53
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	9.75	11.56	16.61	18.25	25.14	28.44	21.92	23.18	31.19	31.49	25.14	22.95	25.21	22.34	18.55
Profit Margin (%)	8.62	9.14	12.25	13.28	17.54	19.63	12.32	18.96	25.03	25.51	20.81	18.87	20.24	17.93	14.86
Net Income to Common Margin (%)	8.62	9.14	12.25	13.28	17.54	19.63	12.32	18.96	25.03	25.51	20.81	18.87	20.24	17.93	14.86
Effective Tax Rate (%)	11.61	20.97	26.29	27.23	30.21	30.98	43.79	18.21	19.76	19	17.23	17.8	19.73	19.72	19.89
Dvd Payout Ratio (%)	- -	- -	13.54	69.07	97.3	97.75	178.77	117.95	93.88	102.51	151.97	180.62	150.23	154.12	103.1
Sustainable Growth Rate (%)	7.12	8.03	9.45	3.84	0.42	0.39	-8.26	-3.08	1.35	-0.5	-8.15	-12.51	-10.23	-10.91	-0.57

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-0.86	-2.11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	30.55	31.22	31.36	30.67	30.22	30.03	28.02	27.03	28.82	29.83	28.47	25.01	23.79	22.23	22.25
Long-Term Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-5.65	-24.31	-29.53	-20.35	-15.3	-12.92	-13.06	-9.85	-10.18	-14.07	-17.71	-19.36	-13.23	-17.12	-24.61
Net Debt/Capital (%)	-5.99	-32.12	-41.9	-25.55	-18.07	-14.84	-15.02	-10.92	-11.34	-16.38	-21.52	-24.01	-15.24	-20.65	-32.65
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	-1	-1	-1	-1	-1	-2	- -	-1	-1	-1	-1	-2	-1	-1	-2
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	30.55	31.22	31.36	30.67	30.22	30.03	28.02	27.03	28.82	29.83	28.47	25.01	23.79	22.23	22.25
Long-Term Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	5.5	9.65	14.16	13.93	8.86	10.75	11.97	8.88	7.42	6.14	3.79	2.96	3.19	2.69	1.26
CFO/CapEx	38.75	67.77	113.3	142.25	97.44	69.73	273.66	87.27	77.43	68.84	29.3	13.5	53.96	28.8	5.15
Altman's Z-Score	0.79	0.86	1.05	1.01	1.08	1.19	1.11	1.05	1.18	1.09	1.04	1.02	0.95	1.02	0.88

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	1.65	1.39	1.45	1.58	1.48	1.46	1.41	1.4	1.4	1.31	1.22	1.17	1.2	1.18	1.2
Days Sales Outstanding	221.12	261.74	251.06	231.15	245.95	249.88	258.3	260.33	260.34	277.61	299.28	311.53	303.39	308.49	304.11
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	422	497	786	801	974	1,199	1,186	1,092	1,275	1,110	1,042	996	895	982	722
- Cash & Cash Equivalents	46	93	123	91	69	59	56	40	44	62	71	61	39	44	62
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	255	187	340	345	517	631	639	559	733	588	572	599	762	851	573
Total Capital	375	381	417	447	454	456	425	410	430	439	399	317	292	257	252
Total Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	0.1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	0.91	0.58	0.95	0.85	1.29	1.59	1.7	1.48	1.98	1.73	1.81	2.03	2.48	2.75	1.8
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	5.67	2.29	2.63	2.45	5.56	5.53	4.88	5.69	9.3	9.28	15.07	21.24	25.52	35.19	51.72
EV/Free Cash Flow to Firm	5.53	2.26	2.61	2.43	5.51	5.45	4.86	5.63	9.18	9.15	14.58	19.77	25.06	34.01	43.32
Diluted Market Cap	435	506	792	802	973	1,197	1,186	1,094	1,276	1,112	1,045	1,004	899	987	733
Diluted Enterprise Value	415	413	669	711	904	1,138	1,130	1,053	1,232	1,050	974	943	861	943	671
EV per Share	14.02	10.23	18.29	18.24	27	32.83	33.18	29.01	37.98	30.43	29.56	31.26	39.81	44.69	30.46
TTM Sales	281	321	356	404	402	397	375	378	370	340	316	295	307	309	317
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	45	81	129	141	93	114	131	98	79	63	38	28	30	24	11
TTM Free Cash Flow to Firm	46	83	130	142	94	116	131	99	80	64	39	30	30	25	13

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	9.7	6.15	6.08	5.66	10.37	10.34	9.03	11	15.99	17.29	26.6	33.16	29.59	39.45	55.45
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	255	187	340	345	517	631	639	559	733	588	572	599	762	851	573
Low Price	15.58	21.56	27.62	35.15	39.59	46.88	51.2	50.45	53.43	48.02	50.56	44.06	45.34	41.97	36.34
EV/Sales	0.91	0.58	0.95	0.85	1.29	1.59	1.7	1.48	1.98	1.73	1.81	2.03	2.48	2.75	1.8
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	17.55	16.86	17.78	14.72	13.68	15.3	25.54	15.2	13.71	12.79	15.83	17.98	14.42	17.73	15.46
Price/Earnings Average	15.95	15.87	14.66	14.03	12.66	13.98	24.9	16.19	13.08	13.84	17.37	17.38	16.04	16.96	18.38
Price/Earnings High	20.94	17.58	18.74	15.97	15.38	16.27	28.77	18.22	14.95	17.96	19.73	20.92	17.59	20.72	21.45
Price/Earnings Low	11.76	13.34	11.63	12.21	10.64	11.5	21.23	13.53	11.1	10.7	14.86	15.24	13.98	14.44	14.63
Price/Book Value	1.21	1.3	1.88	1.79	2.14	2.63	2.79	2.67	2.96	2.53	2.61	3.14	3.06	3.82	2.87
Price/Book Value Average	1.1	1.23	1.55	1.71	1.99	2.4	2.72	2.84	2.83	2.74	2.87	3.03	3.4	3.65	3.41
Price/Book Value High	1.44	1.36	1.99	1.94	2.41	2.8	3.14	3.2	3.23	3.55	3.25	3.65	3.73	4.46	3.98
Price/Book Value Low	0.81	1.03	1.23	1.49	1.67	1.98	2.32	2.37	2.4	2.12	2.45	2.66	2.97	3.11	2.71
Price/Tangible Book Value	1.21	1.3	1.88	1.79	2.14	2.63	2.79	2.67	2.96	2.53	2.61	3.14	3.06	3.82	2.87
Price/Tangible Book Value Average	1.1	1.23	1.55	1.71	1.99	2.4	2.72	2.84	2.83	2.74	2.87	3.03	3.4	3.65	3.41
Price/Tangible Book Value High	1.44	1.36	1.99	1.94	2.41	2.8	3.14	3.2	3.23	3.55	3.25	3.65	3.73	4.46	3.98
Price/Tangible Book Value Low	0.81	1.03	1.23	1.49	1.67	1.98	2.32	2.37	2.4	2.12	2.45	2.66	2.97	3.11	2.71
Price/Sales	1.51	1.54	2.18	1.95	2.4	3	3.15	2.88	3.43	3.26	3.29	3.39	2.92	3.18	2.3
Price/Sales Average	1.37	1.45	1.8	1.86	2.22	2.74	3.07	3.07	3.27	3.53	3.61	3.28	3.25	3.04	2.73
Price/Sales High	1.8	1.61	2.29	2.12	2.7	3.19	3.54	3.46	3.74	4.58	4.1	3.95	3.56	3.72	3.19
Price/Sales Low	1.01	1.22	1.42	1.62	1.87	2.26	2.62	2.57	2.78	2.73	3.09	2.88	2.83	2.59	2.17
Price/Cash Flow	9.71	6.11	6.01	5.61	10.38	10.43	9.03	11.08	16.12	17.47	27.4	35.45	30.02	40.63	65.85
Price/Cash Flow Average	8.82	5.75	4.95	5.35	9.61	9.53	8.8	11.8	15.38	18.9	30.08	34.27	33.38	38.88	78.28
Price/Cash Flow High	11.59	6.37	6.33	6.09	11.67	11.09	10.17	13.28	17.58	24.54	34.16	41.26	36.61	47.49	91.33
Price/Cash Flow Low	6.51	4.83	3.93	4.66	8.08	7.84	7.5	9.86	13.05	14.61	25.74	30.06	29.09	33.09	62.3
Price/Free Cash Flow Average	8.81	5.79	5.01	5.4	9.6	9.44	8.8	11.72	15.25	18.7	29.2	32.06	32.9	37.75	65.91
Price/Free Cash Flow High	11.57	6.41	6.4	6.14	11.66	10.99	10.17	13.19	17.43	24.28	33.16	38.59	36.09	46.11	76.9
Price/Free Cash Flow Low	6.5	4.87	3.97	4.7	8.07	7.77	7.51	9.79	12.94	14.46	24.99	28.11	28.68	32.13	52.46
EV/Sales Average	1.3	1.17	1.47	1.66	2.07	2.61	2.93	2.97	3.16	3.36	3.4	3.06	3.12	2.9	2.51
EV/Sales High	1.72	1.33	1.98	1.92	2.55	3.07	3.41	3.36	3.63	4.41	3.89	3.72	3.43	3.57	2.96
EV/Sales Low	0.94	0.94	1.1	1.42	1.71	2.12	2.48	2.47	2.67	2.55	2.87	2.66	2.7	2.44	1.96
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	23.25	27.25	42.24	42.36	50.9	62.35	61.6	56.69	66.03	57.43	53.83	51.97	46.78	51.54	38.41
High Price	27.75	28.4	44.5	45.95	57.2	66.3	69.4	67.96	71.99	80.65	67.1	60.49	57.06	60.24	53.27
Enterprise Value Average	364	375	524	672	832	1,037	1,100	1,123	1,172	1,139	1,074	901	957	895	796
Enterprise Value High	484	426	704	777	1,025	1,216	1,280	1,269	1,346	1,497	1,229	1,097	1,053	1,104	939
Enterprise Value Low	263	301	391	573	688	843	930	932	988	867	908	783	829	755	621

Shares Outstanding	18	18	19	19	19	19	19	19	19	19	19	19	19	19	19
Diluted Weighted Avg Shares	19	19	19	19	19	19	19	19	19	19	19	19	19	19	19
Basic Weighted Avg Shares	18	18	18	19	19	19	19	19	19	19	19	19	19	19	19
Revenue per Share	15.38	17.68	19.39	21.67	21.2	20.76	19.58	19.67	19.24	17.6	16.35	15.32	16.03	16.21	16.72
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.32	1.62	2.38	2.88	3.72	4.08	2.41	3.73	4.82	4.49	3.4	2.89	3.24	2.91	2.48
Basic EPS from Cont Ops	1.32	1.62	2.38	2.88	3.72	4.08	2.41	3.73	4.82	4.49	3.4	2.89	3.24	2.91	2.48
Diluted EPS, GAAP	1.29	1.58	2.33	2.84	3.69	4.05	2.4	3.71	4.8	4.47	3.39	2.88	3.23	2.89	2.47
Diluted EPS from Cont Ops	1.29	1.58	2.33	2.84	3.69	4.05	2.4	3.71	4.8	4.47	3.39	2.88	3.23	2.89	2.47
Dividend per Share	- -	- -	0.32	1.99	3.62	3.98	4.31	4.4	4.52	4.6	5.17	5.22	4.87	4.48	2.56
Cash Flow per Share	2.39	4.46	7.03	7.54	4.9	5.98	6.83	5.12	4.1	3.29	1.96	1.47	1.56	1.27	0.58
Free Cash Flow per Basic Share	2.33	4.4	6.97	7.49	4.85	5.89	6.8	5.06	4.04	3.24	1.9	1.36	1.53	1.22	0.47
Cash & Equivalents per Share	10.65	17.02	23.95	24.12	23.9	29.52	28.42	27.68	28.05	27	24.27	20.71	6.97	6.85	7.95
Book Value per Share	19.25	20.88	22.41	23.65	23.73	23.72	22.1	21.26	22.29	22.7	20.62	16.57	15.28	13.51	13.39
Tangible Book Value per Share	19.25	20.88	22.41	23.65	23.73	23.72	22.1	21.26	22.29	22.7	20.62	16.57	15.28	13.51	13.39

AMERISAFE, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)