AMERISAFE Income Statement

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Income	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Revenue	78.65M	74.91M	71.74M	67.05M	66.96M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Cost of Revenue	61.42M	62.33M	58.07M	56.67M	53.63M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Profit	17.23M	12.58M	13.67M	10.38M	13.33M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Research & Development Expense						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Selling, General, & Admin. Expense	5.517M	5.62M	5.092M	5.205M	5.461M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Depreciation & Amortization						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Interest Expense	0.279M	0.275M	0.277M	0.38M	0.379M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Operating Income (Expense)						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Operating Expenses	67.22M	68.22M	63.44M	62.26M	59.47M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Operating Income	11.43M	6.688M	8.30M	4.793M	7.49M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Non-Operating Income						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Pretax Income	11.43M	6.688M	8.30M	4.793M	7.49M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Provision for Income Taxes	1.872M	0.454M	1.608M	0.224M	0.86M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income after Tax	9.561M	6.234M	6.692M	4.569M	6.63M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Equity In Affiliates						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income Before Extraordinaries & Disc. Operations	9.561M	6.234M	6.692M	4.569M	6.63M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Investment Gains/Losses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Income/Charges						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Income from Discontinued Operations						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Income	9.561M	6.234M	6.692M	4.569M	6.63M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Earnings Per Share Data	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Average Shares to compute diluted EPS	18.54	18.70	18.71	18.85	18.71	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Average Shares used to compute basic EPS	18.14	18.25	18.29	18.39	18.23	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Basic net	0.53	0.34	0.37	0.25	0.36	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
EPS - Diluted net	0.52	0.34	0.36	0.24	0.35	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro