Amerisafe vs Octave Specialty Group
Amerisafe is the larger business, with $317m of revenue in fiscal 2025 against $251m for Octave Specialty Group (1.3 times as much). Octave Specialty Group grew faster (6.5% against 2.7%). Amerisafe kept more of each dollar of sales as profit: a net margin of 14.9% against -103.1%. Amerisafe carries less debt relative to equity (0.0% against 16.4%).
| Latest fiscal year | AmerisafeAMSF, 2025 | Octave Specialty GroupOSG, 2025 |
|---|---|---|
| Revenue | $317m | $251m |
| Revenue growth | 2.7% | 6.5% |
| Net income | $47.1m | −$259m |
| Operating margin | — | — |
| Net margin | 14.9% | -103.1% |
| Return on equity | 18.5% | -34.2% |
| Free cash flow | $8.9m | — |
| Cash | $61.9m | $68.4m |
| Total debt | $0 | $118m |
| Debt to equity | 0.0% | 16.4% |
| Dividend per share | — | — |
| Dividend yield | 16.5% | — |
| Share buybacks | — | $29.9m |
| Employees | — | 275 |
| Market value | $380m | $229m |
| Price vs our value range | — | — |
| Moat score | 82 (Strong) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 2 sales | 2 buys, 0 sales |