Adjusted free cash flow over the last four quarters totaled $71 million, with a cash balance of $105 million at quarter-end.
GAAP operating income was $11 million for the quarter.
Insurance revenue grew 86% year-over-year to $55 million but declined 26% quarter-over-quarter due to the platform transition.
NerdWallet reported Q2 2025 revenue of $187 million, up 24% year-over-year but below the guided range of $192 million to $200 million due to a temporary disruption in the insurance shopping funnel.
Non-GAAP operating income was $21 million, exceeding guidance of $14 million to $18 million and showing a $23 million year-over-year improvement.
AMERISAFE reported net income of $14 million or $0.73 per diluted share for Q2 2025, compared to $11 million or $0.57 per diluted share in Q2 2024.
Book value per share increased 3.3% year-to-date to $13.96; statutory surplus grew to $257 million from $235 million at year-end 2024.
Expense ratio rose to 31.3% from 29.8% due to investments in growth and increased insurance-based assessments; full year expense ratio expected to be in line with previous years.
Gross written premiums increased 4.3% to $79.7 million from $76.4 million in Q2 2024, driven by 12.8% growth in voluntary premiums despite moderation in audit premiums.
Net investment income decreased 10.2% to $6.7 million due to lower investable assets after special dividend payment, but yields on new investments improved by 230 basis points.
Operating net income was $10 million or $0.53 per diluted share, down from $11.1 million or $0.58 per diluted share in the prior year quarter.
The company repurchased 63,000 shares at an average cost of $44.55 totaling $2.8 million in the quarter.
Dafinchi