v3.19.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
|
|
|
|
| Revenues |
|
|
|
|
| Gross premiums written |
$ 82,629
|
$ 85,324
|
$ 262,754
|
$ 276,368
|
| Ceded premiums written |
(2,170)
|
(2,283)
|
(6,804)
|
(6,982)
|
| Net premiums written |
80,459
|
83,041
|
255,950
|
269,386
|
| Net premiums earned |
82,712
|
85,184
|
250,611
|
261,489
|
| Net investment income |
8,264
|
7,884
|
24,448
|
22,396
|
| Net realized losses on investments |
(4)
|
(329)
|
(27)
|
(1,471)
|
| Net unrealized gains on equity securities |
365
|
573
|
3,165
|
259
|
| Fee and other income |
151
|
217
|
234
|
411
|
| Total revenues |
91,488
|
93,529
|
278,431
|
283,084
|
| Expenses |
|
|
|
|
| Loss and loss adjustment expenses incurred |
44,325
|
47,598
|
142,807
|
152,836
|
| Underwriting and certain other operating costs |
6,736
|
8,011
|
21,704
|
23,842
|
| Commissions |
6,153
|
6,416
|
18,764
|
19,526
|
| Salaries and benefits |
6,396
|
6,179
|
19,202
|
18,786
|
| Policyholder dividends |
1,265
|
865
|
3,363
|
3,290
|
| Total expenses |
64,875
|
69,069
|
205,840
|
218,280
|
| Income before income taxes |
26,613
|
24,460
|
72,591
|
64,804
|
| Income tax expense |
5,227
|
4,759
|
13,915
|
11,978
|
| Net income |
$ 21,386
|
$ 19,701
|
$ 58,676
|
$ 52,826
|
| Earnings per share |
|
|
|
|
| Basic |
$ 1.11
|
$ 1.03
|
$ 3.05
|
$ 2.75
|
| Diluted |
$ 1.11
|
$ 1.02
|
$ 3.04
|
$ 2.74
|
| Shares used in computing earnings per share |
|
|
|
|
| Basic |
19,256,069
|
19,216,545
|
19,243,689
|
19,204,196
|
| Diluted |
19,302,551
|
19,272,984
|
19,320,199
|
19,281,036
|
| Cash dividends declared per common share |
$ 0.25
|
$ 0.22
|
$ 0.75
|
$ 0.66
|
| X |
- DefinitionCosts incurred during the period related to the acquisition or renewal of insurance contracts. Includes general and administrative expenses.
| Name: |
amsf_UnderwritingAndCertainOtherOperatingCosts |
| Namespace Prefix: |
amsf_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionThe total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs.
| Name: |
us-gaap_BenefitsLossesAndExpenses |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of written premiums ceded to other entities.
| Name: |
us-gaap_CededPremiumsWritten |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAggregate dividends declared during the period for each share of common stock outstanding.
| Name: |
us-gaap_CommonStockDividendsPerShareDeclared |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
num:perShareItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- References
+ Details
| Name: |
us-gaap_CostsAndExpensesAbstract |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:stringItemType |
| Balance Type: |
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| Period Type: |
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|
| X |
- References
+ Details
| Name: |
us-gaap_EarningsPerShareAbstract |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:stringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
| Name: |
us-gaap_EarningsPerShareBasic |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
num:perShareItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
| Name: |
us-gaap_EarningsPerShareDiluted |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
num:perShareItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of unrealized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).
| Name: |
us-gaap_EquitySecuritiesFvNiUnrealizedGainLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionThe expense incurred by an insurance company to persons or entities for generating or placing insurance or investment contracts with the company, usually determined as a percentage of policy or contract premiums. Excludes advances or draws to be applied against commissions earned.
| Name: |
us-gaap_InsuranceCommissions |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of realized gain (loss) on investment in marketable security, including other-than-temporary impairment (OTTI).
| Name: |
us-gaap_MarketableSecuritiesRealizedGainLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionThe portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
| Name: |
us-gaap_NetIncomeLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments.
| Name: |
us-gaap_NetInvestmentIncome |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of revenue and income classified as other.
| Name: |
us-gaap_OtherIncome |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred.
| Name: |
us-gaap_PolicyholderBenefitsAndClaimsIncurredNet |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of expense for dividends to policyholders.
| Name: |
us-gaap_PolicyholderDividends |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned.
| Name: |
us-gaap_PremiumsEarnedNet |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of direct and assumed premiums written.
| Name: |
us-gaap_PremiumsWrittenGross |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount, after premiums ceded to other entities and premiums assumed by the entity, of premiums written.
| Name: |
us-gaap_PremiumsWrittenNet |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
| Name: |
us-gaap_Revenues |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- References
+ Details
| Name: |
us-gaap_RevenuesAbstract |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:stringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
| Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:sharesItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- References
+ Details
| Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:stringItemType |
| Balance Type: |
na |
| Period Type: |
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|
| X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
| Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:sharesItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
|
