Page 1

AMERISAFE Safe Above All NEWS RELEASE Exhibit 99.1 Neal A. Fuller , EVP & CFO AMERISAFE 337.463.9052 AMERISAFE ANNOUNCES 2021 THIRD QUARTER RESULTS Reports Combined Ratio of 71.5 % Declares an Extraordinary Dividend of $ 4.00 Per Share DeRidder , LA - October 27 , 2021 -— AMERISAFE , Inc. ( Nasdaq : AMSF ) , a specialty provider of workers ' compensation insurance focused on high hazard industries , today announced results for the third quarter ended September 30 , 2021 . Three Months Ended Net premiums earned Net investment income Net realized gains ( losses ) on investments ( pretax ) Net unrealized gains ( losses ) on equity securities ( pre - tax ) Net income Diluted earnings per share Operating net income Book value per share Operating earnings per share Net combined ratio Return on average equity September 30 , 2021 2020 ( in thousands , except per % Change Nine Months Ended September 30 , 2021 2020 ( in thousands , except per % Change share data ) share data ) $ 67,626 $ 74,771 -9.6 % $ 208,260 $ 229,725 -9.3 % 6,049 7,063 -14.4 % 19,362 22,136 -12.5 % ( 8 ) 309 NM 1,490 1,464 1.8 % ( 771 ) 844 NM 8,026 ( 2,349 ) NM 19,136 23,353 -18.1 % 62,215 58,101 7.1 % $ 0.99 $ 1.21 -18.2 % $ 3.21 $ 3.00 7.0 % 19,751 22,442 $ 1.02 $ 1.16 $ 24.80 71.5 % 16.1 % $ 24.93 72.8 % 19.8 % -12.0 % -12.1 % $ 2.82 -0.5 % 24.80 76.9 % 54,697 58,800 -7.0 % $ 3.04 -7.2 % $ $ 24.93 -0.5 % 78.4 % 18.1 % 17.0 % G. Janelle Frost , President and Chief Executive Officer , noted , " We were pleased with this quarter's results as we were able to maintain strong renewal retention and find new business opportunities in a declining rate environment . In addition , claim severity trends for prior accident years continued to show improvement as our claims handling practices reach favorable outcomes . "