AMERISAFE INC (AMSF) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21
	8-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Revenues	75.7	76.9	68.0	74.4	78.4	73.0	81.2	83.4
Revenue growth	11.2%	3.3%	-16.2%	-10.7%	-11.2%	-12.0%	-8.9%	5.3%
Loss and loss adjustment expenses		39.0	40.3	37.7	59.2	29.7	32.4	39.5
Other operating expenses	56.1	16.3	20.6	15.2	17.3	18.7	19.6	20.2
General and administrative	0.0		6.8		6.3	6.2	6.8	6.6
EBITDA			6.2		1.9	24.8	28.2	23.4
EBITDA margin		26.0%	9.1%	27.2%	2.4%	34.0%	34.7%	28.1%
Depreciation			0.3		0.3	0.2	0.2	0.3
EBIT	19.6	20.0	5.9	20.3	1.6	24.6	27.9	23.1
EBIT margin	25.9%	26.0%	8.7%	27.2%	2.1%	33.6%	34.4%	27.7%
Interest and other income (expense), net			1.3		0.4		1.3	0.7
Other income (expense), net			1.2		0.3	0.1	1.3	0.5
Pre-tax income	19.6	21.5	7.1	21.4	1.9	24.7	29.2	23.6
Income taxes	3.9	4.2	1.0	4.1	-1.6	5.6	5.4	4.3
Tax rate	20.1%	19.5%	13.9%	19.1%		22.6%	18.5%	18.3%
Net income	0.0	17.3	6.1	17.3	3.5	19.1	23.8	19.3
Net margin	0.0%	22.6%	9.0%	23.3%	4.5%	26.2%	29.3%	23.2%

Basic EPS		$0.91	$0.32	$0.90	$0.18	$0.99	$1.23	$1.00
Diluted EPS		$0.90	$0.32	$0.89	$0.18	$0.99	$1.23	$1.00

Shares outstanding (basic)		19.1	19.3	19.3	19.3	19.3	19.3	19.3
Shares outstanding (diluted)		19.2	19.3	19.4	19.4	19.4	19.4	19.4

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.