Amerisafe Inc. (AMSF): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report

Incorporated in 1985 and headquartered in DeRidder, Louisiana, Amerisafe Inc. is a specialty provider of workers' compensation insurance, which markets and underwrites its insurance through its subsidiaries. Workers' compensation insurance covers statutorily prescribed benefits that employers are obligated to provide to employees injured in the course and scope of their employment. The company focuses on providing coverage to small- to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging, agriculture, oil and gas, maritime, and sawmills. Amerisafe's workers' compensation insurance policies provide benefits to injured employees primarily for temporary or permanent disability, death, medical and hospital expenses.

Amerisafe markets its insurance operations in 47 states, the District of Columbia and the U.S. Virgin Islands through independent agencies. The company went public in Nov 2005.

Amerisafe operates through three insurance subsidiaries American Interstate Insurance Company of Nebraska and Texas, and Silver Oak Casualty in Louisiana. As of Dec 31, 2013, the company sold its insurance through more than 3,175 independent agencies and its wholly-owned insurance agency subsidiary, Amerisafe General Agency, which is licensed in 27 states. The company had 437 full-time employees at the end of 2013.

As of Dec 31, 2013, Amerisafe had total assets of $1.33 billion, total investments of $878.8 million and shareholders' equity of $416.8 million.