Earnings summaries and quarterly performance for MERCURY GENERAL.
Executive leadership at MERCURY GENERAL.
Board of directors at MERCURY GENERAL.
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Recent press releases and 8-K filings for MCY.
Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend
MCY
Earnings
Dividends
- Mercury General Corporation reported net premiums earned of $1,410,400 thousand and net income of $280,403 thousand for the third quarter ended September 30, 2025.
- For Q3 2025, diluted net income per share was $5.06, and operating income was $213,687 thousand.
- The company's combined ratio for the third quarter of 2025 was 87.0%.
- Catastrophe losses, net of reinsurance, for Q3 2025 totaled $29,000 thousand, with year-to-date losses for the nine months ended September 30, 2025, reaching $489,000 thousand, primarily due to the Palisades and Eaton wildfires.
- A quarterly dividend of $0.3175 per share was declared, payable on December 24, 2025, to shareholders of record on December 10, 2025.
Nov 4, 2025, 9:09 PM
Mercury General Corporation Announces Third Quarter 2025 Results
MCY
Earnings
Dividends
Revenue Acceleration/Inflection
- Mercury General Corporation reported net income of $280,403 thousand for the third quarter of 2025, resulting in $5.06 per diluted share.
- Net premiums earned for Q3 2025 increased by 6.8% to $1,410,400 thousand compared to the same period in 2024.
- The company's operating income for Q3 2025 was $213,687 thousand, or $3.86 per diluted share.
- The combined ratio for the third quarter of 2025 was 87.0%, an improvement of 6.6 percentage points from 93.6% in Q3 2024.
- For the nine months ended September 30, 2025, net catastrophe losses and loss adjustment expenses from the Palisades and Eaton wildfires totaled approximately $380,979 thousand.
Nov 4, 2025, 9:05 PM
Mercury Insurance Submits California Homeowners Rate Filing
MCY
New Projects/Investments
- Mercury Insurance has submitted a rate filing for its California Homeowners program, aligning with the State's Sustainable Insurance Strategy.
- This filing is notable as it is the first to utilize the recently reviewed Verisk Wildfire catastrophe model, which is expected to enable the company to expand its presence in higher wildfire risk areas and offer more comprehensive coverage options beyond the California FAIR Plan.
- The proposed plan includes an overall average rate increase of 6.9 percent, reflecting increased inflationary costs and exposure to catastrophic events like wildfires.
- To offset potential increases for customers in higher-risk areas, Mercury is introducing discounts for homeowners who implement wildfire risk reduction measures and for those residing in fire-prepared communities.
Aug 15, 2025, 8:00 PM
Mercury Insurance to Cover Safeco's California Personal Lines Customers
MCY
New Projects/Investments
- Mercury Insurance (MCY) is partnering with Liberty Mutual Insurance to provide coverage for thousands of California Safeco renters, condo, and select auto policies.
- This initiative stems from Liberty Mutual's decision to shift its California personal lines product strategy, with Liberty Mutual recommending its independent agents place impacted policies with Mercury.
- Mercury views this partnership as an opportunity to support California consumers and agents, having previously taken on Tokio Marine's personal lines business in the state.
- The company emphasizes its commitment to the California insurance market, continuing to write homeowners policies in areas where other insurers have reduced their presence.
Aug 6, 2025, 4:00 PM
Mercury Insurance Prepares California Homeowners Insurance Rate Filing
MCY
New Projects/Investments
- Mercury Insurance is preparing a homeowners insurance rate filing in California, utilizing the California Department of Insurance's (CDI) recently approved Verisk Wildfire Model.
- This action is a direct result of Commissioner Lara's Sustainable Insurance Strategy, which Mercury believes will provide California homeowners with more insurance options and lead to a more resilient insurance marketplace.
- The company anticipates this will unlock the ability to expand the areas where Mercury can offer homeowners insurance.
- In anticipation of this strategy, Mercury previously became the first insurance provider to begin writing new policies in Paradise, CA, a town decimated by a wildfire in 2018.
Jul 26, 2025, 1:13 AM
Mercury General Reports Q1 2025 Results, Dividend, and Wildfire Impact
MCY
Earnings
Dividends
- Mercury General reported Q1 2025 net premiums earned of $1,283M (a 10% increase over Q1 2024) .
- The company recorded a net loss of ~$108M accompanied by an operating loss and a combined ratio of 119.2% .
- January 2025 Southern California wildfires severely impacted results with net catastrophe losses of approximately $331M, full utilization of reinsurance limits, and ongoing evaluations for a two‐event treatment .
- Increased net investment income of $81M was driven by improved yields from asset rebalancing .
- The Board declared a quarterly dividend of $0.3175 per share, scheduled for payment on June 26, 2025 .
May 6, 2025, 8:05 PM
Quarterly earnings call transcripts for MERCURY GENERAL.
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