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AMERISAFE Safe Above All NEWS RELEASE Exhibit 99.1 Neal A. Fuller , EVP & CFO AMERISAFE 337.463.9052 AMERISAFE ANNOUNCES 2021 SECOND QUARTER RESULTS Reports Combined Ratio of 74.4 % DeRidder , LA - July 28 , 2021 - AMERISAFE , Inc. ( Nasdaq : AMSF ) , a specialty provider of workers ' compensation insurance focused on high hazard industries , today announced results for the second quarter ended June 30 , 2021 . Three Months Ended June 30 , 2021 2020 % Change ( in thousands , except Six Months Ended June 30 , 2021 2020 ( in thousands , except % Change 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 per share data ) per share data ) $ 69,888 $ 75,964 -8.0 % $ 140,634 $ 154,954 -9.2 % 6,730 7,324 -8.1 % 13,313 15,073 -11.7 % 1,179 163 NM 1,498 1,155 29.7 % 3,286 5,570 NM 8,797 ( 3,193 ) NM 23,767 23,948 -0.8 % 43,079 34,748 24.0 % $ 1.23 20,240 $ 1.04 $ 24.19 $ 1.24 -0.8 % $ 2.22 $ 1.80 23.3 % 19,419 4.2 % 34,946 36,358 -3.9 % $ 1.00 $ 23.94 4.0 % $ 1.80 1.0 % $ 24.19 $ 1.88 -4.3 % $ 23.94 1.0 % 74.4 % 20.8 % 78.5 % 21.3 % 79.6 % 81.1 % 19.0 % 15.6 % G. Janelle Frost , President and Chief Executive Officer , said , “ Approved loss costs declined , and competition remained strong this quarter , even as industry- wide results reported an increasing combined ratio for 2020. AMERISAFE's combined ratio , however , declined this quarter . Favorable prior year case development and operating expense management countered premium pressures as pricing declined and the economy continued to recover . "