Amerisafe's Net Income Grows 12.1% in Q2

Amerisafe, a hazardous-industry workers' compensation insurer, grew its net income 12.1% in the second quarter of 2015. The company's gains were driven by rising premium coupled with lower-than-expected losses on existing claims from previous years, according to its latest quarterly earnings report. Loss and loss-adjustment expenses for the quarter were $57.3 million, down 8.3% from $62.5 million in the second quarter of 2014. If it weren't for favorable loss development on claims, mostly from 2012, 2007 and 2006, however, the loss and LAE line would have been $9.4 milli...