AMSFAMERISAFE INC
Fire, Marine & Casualty Insurance
- Revenue
- $317M
- 2.7% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired24% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired459% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $316M | $295M | $307M | $309M | $317M | 2.7% |
| Net income | $66M | $56M | $62M | $55M | $47M | 15% |
| Operating cash flow | $38M | $28M | $30M | $24M | $11M | 54% |
| Capex | $1M | $2M | $553K | $840K | $2M | 156% |
| Stock-based comp | $2M | $2M | $2M | $3M | $3M | 1.1% |
| Buybacks | — | $12M | $2M | — | — | |
| Dividends | $100M | $100M | $93M | $85M | $49M | 43% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $3M | 102 | 169 |
| FY2024 | $2M | $3M | 129 | 151 |
| FY2023 | $2M | $2M | 108 | 113 |
| FY2022 | $2M | $2M | 109 | 107 |
| FY2021 | $2M | $1M | 102 | 117 |