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AMERISAFE Safe Above All Exhibit 99.1 NEWS RELEASE Neal A. Fuller , EVP & CFO AMERISAFE AMERISAFE ANNOUNCES 2021 FIRST QUARTER RESULTS Reports Net Combined Ratio of 84.6 % 337.463.9052 DeRidder , LA - April 29 , 2021 - AMERISAFE , Inc. ( Nasdaq : AMSF ) , a specialty provider of workers ' compensation insurance focused on high hazard industries , today announced results for the first quarter ended March 31 , 2021 . Net premiums earned Net investment income Net realized gains on investments ( pretax ) Net unrealized gains ( losses ) on equity securities ( pre - tax ) Net income Diluted earnings per share Operating net income Operating earnings per share Book value per share Net combined ratio Return on average equity Three Months Ended March 31 , 2021 ( in thousands , except per 2020 % Change share data ) $ 70,746 $ 78,990 -10.4 % 6,583 319 7,749 -15.0 % 992 -67.8 % 5,511 ( 8,763 ) NM 19,312 10,800 78.8 % $ 0.99 $ 0.56 76.8 % 14,706 16,939 -13.2 % $ 0.76 $ 0.88 -13.6 % $ 23.16 $ 22.64 2.3 % 84.6 % 17.4 % 83.5 % 10.0 % G. Janelle Frost , President and Chief Executive Officer , stated , " We are optimistic that vaccination rollout will strengthen the economy and add some normalcy back to daily living . However , optimism alone will not change the trajectory of the workers ' compensation market . The soft market continued in the quarter . Competition remained robust , while loss costs continued to decline . We are pleased to report an 84.6 % combined ratio in the quarter through disciplined underwriting , competitive pricing , slight policy growth , and favorable case loss development from prior accident years . "