Amerisafe Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Amerisafe Inc (AMSF) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Amerisafe Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 333M vs 102,455M combined for its competitors (0.3% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-4.3% annualized vs trailing 12 months), vs decelerating (-3.4%) for its tracked peer group.
- Growth: Amerisafe Inc generated -2.6% revenue growth year over year in Q3 2026, vs 1.8% for its competitors combined.
- Profitability: Its 9.0% net margin compares with 14.5% for the peer group.
- Scale: Amerisafe Inc ranks #56 of 63 companies by market capitalization in the Property & Casualty Insurance industry, holding 0.0% of industry market cap.
- Peer revenue share: Amerisafe Inc accounted for 0.3% of combined revenue among its tracked peer group, down from 0.3% a year earlier.
- Peer differentiation: Revenue per employee of $1.66M compares with $0.41M for the peer group (4.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AMSF Sales vs. its Competitors, Q3 2026
Amerisafe Inc reported revenue contraction of 2.64 % year on year in Q3 2026, below its competitors' combined revenue growth of 1.80 %.
With a net margin of 9.02 %, Amerisafe Inc reported lower profitability than its competitors (14.49 %).
Amerisafe Inc generated 0.32 % of the combined sales of its peer group, down from 0.34 % a year earlier.
API endpoints for this dataset
Amerisafe Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Amerisafe Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Amerisafe Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Amerisafe Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Amerisafe Inc's competitor groups requires a Commercial License.
For context: the Property & Casualty Insurance industry grew revenue 4.2% year over year, combined, vs -2.6% for Amerisafe Inc. Amerisafe Inc's share of combined industry revenue moved from 0.03% to 0.03%, a gain of 0.00 percentage points.
Amerisafe Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Amerisafe Inc | Yes | Yes | Yes | No |
| Competitors combined (19) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AMSF Stock Performance relative to its Competitors
AMSF Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Robert Half Inc | 282.9% | Outperformed |
| 2 | Paycom Software Inc | 282.9% | Outperformed |
| 3 | Employers Holdings Inc | 282.9% | Outperformed |
| 4 | White Mountains Insurance Group ltd | 282.9% | Outperformed |
| 5 | Paylocity Holding Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Amerisafe Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Amerisafe Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Amerisafe Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Amerisafe Inc |
365.16 | 333.46 |
 Automatic Data Processing Inc |
120,611.96 | 22,262.90 |
 Marsh and Mclennan Companies Inc |
98,108.78 | 28,470.00 |
 Intuit Inc |
94,595.50 | 21,448.00 |
 Aon Plc |
71,314.53 | 17,707.00 |
 Paychex Inc |
41,743.60 | 6,602.50 |
| SUBTOTAL | 536,453.26 | 141,408.61 |
Sign in to see all competitors of Amerisafe Inc .
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Amerisafe Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Amerisafe Inc's Competitors Named by the Company
Competitive relationships identified from Amerisafe Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Crawford and Co | Company report | 85% |
| Donegal Group Inc | Company report | 85% |
| Hallmark Financial Services inc | Company report | 85% |
| Corvel Corporation | Company report | 85% |
| Employers Holdings Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Amerisafe Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Amerisafe Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Automatic Data Processing Inc | Employer Services 67.12 % |
| Marsh and Mclennan Companies Inc | Risk 55.31 % |
| Intuit Inc | Consumer 61.61 % |
| Aon Plc | Risk Capital 65.40 % |
| Cincinnati Financial Corporation | Consolidated Property and Casualty Insurance 85.49 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Amerisafe Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Amerisafe Inc | 365 | 1,659,025 | 200,791 |
| Automatic Data Processing Inc | 120,612 | 383,843 | 78,029 |
| Marsh and Mclennan Companies Inc | 98,109 | 299,684 | 43,358 |
| Intuit Inc | 94,596 | 1,153,118 | 245,484 |
| Aon Plc | 71,315 | 295,117 | 65,750 |
| Paychex Inc | 41,744 | 375,142 | 102,614 |
| PEERS TOTAL | 536,088 | 406,754 | 72,766 |
Amerisafe Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 14.78 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Amerisafe Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 63 companies in Amerisafe Inc's industry classification, broader than the peer set above. Market cap in millions of $.Amerisafe Inc ranks #56 of 63 companies by market capitalization in its industry, holding 0.02 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,659, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Chubb Limited | 142,814 | 6.88 % |
| 3 | Progressive Corp | 133,063 | 6.41 % |
| 4 | Travelers Companies inc | 84,415 | 4.07 % |
| 5 | Allstate Corp | 66,021 | 3.18 % |
| 6 | American International Group Inc | 1,234 | 5.2% |
| 7 | Arch Capital Group Ltd | 1,234 | 5.2% |
| 8 | The Hartford Insurance Group Inc | 1,234 | 5.2% |
| 9 | W R Berkley Corp | 1,234 | 5.2% |
| 10 | Cincinnati Financial Corporation | 1,234 | 5.2% |
| 11 | Markel Group Inc | 1,234 | 5.2% |
| 56 | Amerisafe Inc | 366 | 0.02 % |
Market cap and industry share for the rest of Amerisafe Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Amerisafe Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 51 | Donegal Group Inc | 695 | -0.66 % |
| 52 | Tiptree Inc | 657 | -4.97 % |
| 53 | Greenlight Capital Re Ltd | 532 | 31.18 % |
| 54 | American Integrity Insurance Group Inc | 528 | 14.39 % |
| 55 | American Coastal Insurance Corporation | 1,234 | 12.3% |
| 56 | Amerisafe Inc | 366 | -46.41 % |
| 57 | Ni Holdings Inc | 1,234 | 12.3% |
| 58 | Global Indemnity Group Llc | 1,234 | 12.3% |
| 59 | Kingstone Companies Inc | 1,234 | 12.3% |
| 60 | Mbia Inc | 1,234 | 12.3% |
| 61 | Brookfield Wealth Solutions Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Amerisafe Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Amerisafe Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Property & Casualty Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 70.95 % | 46.05 % (avg) | +24.9 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 28.50 % | 23.13 % (avg) | +5.4 pp |
| Capital Intensity (Capex / Revenue) | 0.07 % | 0.92 % (avg) | -0.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Amerisafe Inc's Valuation vs Competitive Position
Valuation multiples vs the Property & Casualty Insurance industry average (89 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Property & Casualty Insurance industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 13.2x | 11.7x | +1.5x |
| EV / EBITDA | 5.0x | 5.1x | -0.1x |
| P/B | 2.1x | 2.1x | +0.1x |
| Return on Equity | 16.38 % | industry aggregate | -3.92 % |
| Return on Invested Capital | - | 8.01 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Amerisafe Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 0.68 % | -1.95 % | -8.34 % | -6.94 % | -6.71 % | 4.11 % | 0.71 % | 2.66 % |
| Operating Margin | 31.47 % | 38.08 % | 39.34 % | 33.46 % | 31.93 % | 11.85 % | 31.44 % | 28.25 % |
| Return on Invested Capital | 10.56 % | 12.81 % | 12.13 % | 9.86 % | 7.22 % | 2.27 % | 6.41 % | 11.33 % |
| P/E | 8.7x | 8.2x | 12.9x | 16.1x | 18.6x | 12.4x | 16.4x | 15.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Amerisafe Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Amerisafe Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 5.7% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Amerisafe Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,659 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.07 % vs industry average 0.92 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Amerisafe Inc's dedicated Suppliers and Customers pages, not here.
Amerisafe Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Amerisafe Inc falls in the High attractiveness / Medium strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Amerisafe Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-4.3% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-3.4% annualized).
Methodology: see Methodology: SWOT Analysis.
Amerisafe Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Amerisafe Inc | 0.06 | 0.42 | - |
| Automatic Data Processing Inc | 0.07 | 1.04 | 0.96 |
| Marsh and Mclennan Companies Inc | 0.52 | 1.13 | 1.36 |
| Intuit Inc | 0.39 | 1.43 | 0.35 |
| Aon Plc | 0.06 | 1.06 | 1.86 |
| Paychex Inc | 0.18 | 1.27 | 1.22 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Amerisafe Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Amerisafe Inc | Q3 2026 | -2.6 % | -47.9 % |
| Automatic Data Processing Inc | Q3 2026 | +6.1 % | +11.1 % |
| Marsh and Mclennan Companies Inc | Q3 2026 | +7.9 % | +6.7 % |
| Intuit Inc | Q2 2026 | +13.7 % | -4.7 % |
| Aon Plc | Q3 2026 | +2.6 % | +1.3 % |
| Paychex Inc | Q3 2026 | +5.9 % | +12.0 % |
| PEERS TOTAL | +4.2 % | -10.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Amerisafe Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Amerisafe Inc | Q3 2026 | +48.0 % | -95.6 % |
| Automatic Data Processing Inc | Q3 2026 | +2,304.9 % | +20.6 % |
| Marsh and Mclennan Companies Inc | Q3 2026 | - | +12.5 % |
| Intuit Inc | Q2 2026 | -2.3 % | +192.0 % |
| Aon Plc | Q3 2026 | - | +36.2 % |
| Paychex Inc | Q3 2026 | +3.9 % | -11.1 % |
Amerisafe Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Amerisafe Inc | 3.59% | 6.02% | 16.38% |
| Automatic Data Processing Inc | 7.40% | 34.49% | 76.51% |
| Marsh and Mclennan Companies Inc | 6.96% | 11.21% | 27.25% |
| Intuit Inc | 12.49% | 16.28% | 23.22% |
| Aon Plc | 7.15% | 9.96% | 40.15% |
| Paychex Inc | 10.96% | 19.01% | 46.36% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Amerisafe Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Amerisafe Inc | 9.11 | 1.10 |
| Automatic Data Processing Inc | 26.94 | 5.42 |
| Marsh and Mclennan Companies Inc | 24.62 | 3.45 |
| Intuit Inc | 20.73 | 4.41 |
| Aon Plc | 18.55 | 4.03 |
| Paychex Inc | 23.23 | 6.32 |
| PEERS AVERAGE | 21.22 | 3.79 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.