DERIDDER, La. (AP) — DERIDDER, La. (AP) — Amerisafe Inc. (AMSF) on Wednesday reported first-quarter net income of $16.9 million.
The Deridder, Louisiana-based company said it had net income of 88 cents per share. Earnings, adjusted for investment gains, were 69 cents per share.
The insurance provider posted revenue of $80.5 million in the period. Its adjusted revenue was $75.9 million.
Amerisafe shares have risen 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51, a decline of almost 4% in the last 12 months.
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