AMSFAMERISAFE, Inc.

$625M

FY 2010 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$248M-12.1% YoY

Gross Profit

$74M30.0% margin

Operating Income

$44M17.8% margin

Net Income

$35M13.9% margin

EPS (Diluted)

$1.81

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$42M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$803M

Stockholders' Equity

$325M

Cash & Equivalents

$61M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$248M	$282M	-12.1%
Gross Profit	$74M	$119M	-37.4%
Operating Income	$44M	$62M	-29.1%
Net Income	$35M	$46M	-25.7%

AMSF FY 2010 Earnings — AMERISAFE, Inc. Revenue & Financial Results | Market Cap Arena