MCY
Mercury General Corporation92.97
-0.34-0.36%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.15BP/E (TTM)
11.72Basic EPS (TTM)
7.93Dividend Yield
0.01%Recent Filings
8-K
10-Q
8-K
Strong Q2 earnings surge
Mercury General Corporation posted Q2 2025 net income of $166 million, up 166% from last year, fueled by 10.6% higher net premiums earned at $1.37 billion and a combined ratio of 92.5%—a 6.4-point improvement—despite wildfire impacts. Catastrophe losses plunged 90% to $13 million, thanks to subrogation and reinsurance recoveries from January's Palisades and Eaton fires, which totaled $359 million net for the half-year. The board declared a $0.3175 quarterly dividend, payable September 25. Reinsurance reinstatement cost $101 million.
10-Q
Q2 FY2025 results
Mercury General posted solid Q2 momentum, with net premiums earned up 10.6% y/y to $1.37B, fueled by rate hikes in California homeowners and more auto policies, though ceded premiums rose from wildfire reinsurance. The loss ratio improved to 68.8% from 75.8%, thanks to milder weather claims versus last year's storms, while the combined ratio hit a lean 92.5%. Net income jumped to $166.5M or $3.01/share, boosted by $78.8M in investment income (up 14.2% y/y) and $23.5M realized gains. Cash swelled to $1.12B, with $302.9M operating cash flow offsetting wildfire payouts; debt holds steady at $574M with $50M revolver room. Yet wildfire risks in California linger.
8-K
Shareholders back board, pay
Mercury General's shareholders overwhelmingly elected all nine director nominees at the May 14, 2025 annual meeting, with votes for ranging from 39.3 million to 41.1 million shares amid minor withholdings. They also approved executive compensation on an advisory basis and ratified KPMG LLP as auditors for the year ending December 31, 2025, with 43.5 million shares in favor. Strong turnout signals board stability. No risks disclosed.
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