DeRidder, La.-based Amerisafe Inc., which provides workers’ compensation insurance for hazardous jobs, announced that its second-quarter earnings rose slightly and handily beat analysts’ forecasts.
For the April-through-June quarter, Amerisafe earned $13.7 million, or 67 cents per share, on revenue of $73.5 million, compared with a year-ago profit in the second quarter of $12.8 million, or 63 cents per share, on revenue of $79.8 million.
The company said current economic conditions resulted in a lower amount of premiums, but a decrease was recorded in covered losses.
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