Amerisafe Net Income Up, Combined Ratio Down in Q2

Net income for the second quarter grew 16.2% at Amerisafe Inc., reaching $16.6 million, as the specialty provider of workers’ compensation insurance for hazardous industries reported a net combined ratio for the three-month period of 80.4. Net income for the first half of the year was $40.9 million, up 38.9% from $29.4 million in the first six months of 2015. Gross premiums written were down 2.6% in the second quarter to $103 million, compared to $106 million in the prior-year quarter. For the first half of the year, gross premiums written were $203 million, a 1.5% decrease from the fi...