Mercury General Earnings Reports

Mercury General Corporation reported a net income of $101.07 million for Q4 2024, a 47.2% decrease compared to Q4 2023. Operating income, however, increased by 142% to $153.89 million. Net premiums earned rose 18.1% year-over-year to $1.35 billion. Catastrophe losses net of reinsurance increased to $41 million. The combined ratio improved significantly to 91.4% from 98.6% in Q4 2023.

Mercury General Corporation reported a strong third quarter for 2024. Net income increased significantly to $230.9 million, and operating income more than doubled. The combined ratio improved to 93.6%.

Mercury General Corporation reported a net income of $62.568 million, a significant turnaround from the $(41.543) million loss in the same quarter last year. The company's combined ratio improved to 98.9% from 110.1%. Net premiums earned increased by 19.5% to $1,236.024 million.

Mercury General Corporation reported a strong first quarter with a net income of $73.46 million, a significant turnaround from the $45.29 million loss in the same period last year. Operating income also improved substantially to $43.29 million from a loss of $84.00 million. The combined ratio improved to 100.9% from 115.8% year-over-year, driven by higher net premiums earned and lower catastrophe losses.

Mercury General Corporation reported a net income of $191.4 million for the fourth quarter of 2023, a significant improvement compared to a net loss of $6.8 million in the same period of 2022. The company's operating income also saw a substantial increase, reaching $63.6 million compared to a loss of $80.4 million in the prior year. This turnaround was primarily driven by higher net premiums earned and net investment income.

Mercury General Corporation reported improved underwriting results for the third quarter of 2023, driven by rate increases, moderating inflation, and favorable reserve development. The company's operating income was $62.9 million, compared to $15.6 million in the same period last year. However, the company still reported a net loss of $8.2 million, impacted by net realized investment losses.

Mercury General Corporation reported a net loss of $41.543 million for the second quarter of 2023, compared to a net loss of $210.681 million in the same period of 2022. The company's combined ratio was 110.1%, and it faced catastrophe losses of $92 million. However, net investment income increased, and the company is implementing rate increases to improve underwriting results.

Mercury General Corporation reported a net loss of $45.3 million for the first quarter of 2023, compared to a net loss of $196.9 million for the same period in 2022. The company's combined ratio was 115.8%, and catastrophe losses, net of reinsurance, amounted to $98 million. Net investment income increased to $52 million.

Mercury General Corporation reported a net loss of $6.77 million for Q4 2022, a significant decrease compared to the net income of $30.473 million in Q4 2021. The combined ratio increased to 115.8% from 105.4% in the prior year. Net premiums earned increased by 4.9% to $1,005.482 million, while net investment income rose to $49.887 million.

Mercury General Corporation reported a net loss of $98.3 million for the third quarter of 2022, compared to a net income of $1.3 million in the same period of 2021. The company's combined ratio deteriorated to 102.8% from 99.0% in the prior year, driven by inflationary pressures and social inflation impacting auto parts, labor, and medical expenses.

Mercury General Corporation reported a net loss of $210.7 million for the second quarter of 2022, a significant decrease compared to the net income of $109.2 million in the same period last year. The company's combined ratio worsened to 106.6% from 94.9% due to inflationary pressures and supply chain issues. The Board of Directors declared a quarterly dividend of $0.3175 per share, reduced from prior periods.

Mercury General Corporation reported a net loss of $196.9 million for the first quarter of 2022, a significant decrease compared to the net income of $107.0 million in the same period last year. The results were impacted by net realized investment losses and increased losses and loss adjustment expenses, which were influenced by inflationary trends and prior accident years' loss development.

Mercury General Corporation reported a net income of $30.473 million for Q4 2021, a significant decrease from $166.743 million in Q4 2020. The company's operating income also decreased to $(12.744) million from $76.534 million year-over-year. The combined ratio worsened to 105.4% compared to 93.3% in the prior year quarter.

Mercury General Corporation reported a sharp decline in net income for the third quarter of 2021, falling to $1.288 million from $118.857 million in the same period last year. This decrease was largely attributed to net realized investment losses and an increase in the combined ratio. Despite the drop in net income, the company increased its quarterly dividend.

Mercury General Corporation reported a decrease in net income to $109.181 million for the second quarter of 2021, compared to $228.211 million for the same period in 2020. Operating income also decreased to $62.725 million from $103.054 million year-over-year. However, net premiums earned increased to $926.820 million compared to $811.898 million in the prior year.

Mercury General Corporation reported a strong first quarter with a significant increase in net income, driven by investment gains. The company's operating income also rose, reflecting improvements in its insurance business. Catastrophe losses had a notable impact, offset by favorable prior-year development.

Mercury General Corporation reported a substantial increase in net income for the fourth quarter of 2020, driven by net realized investment gains and improved operating income. The combined ratio also saw a significant improvement compared to the same period last year.

Mercury General Corporation reported a strong third quarter with a 71.6% increase in net income to $118.9 million and a 58.2% increase in operating income to $68.0 million. The combined ratio improved to 94.3%, and catastrophe losses were $29 million. The company also increased its quarterly dividend.

Mercury General Corporation reported a substantial increase in net income for the second quarter of 2020, primarily driven by significant net realized investment gains and an improved combined ratio. The company's operating income also saw a considerable rise compared to the same period last year.

Mercury General Corporation reported a net loss of $139.2 million for the first quarter of 2020, compared to a net income of $135.9 million in the same period of 2019. The net loss was primarily due to net realized investment losses. However, operating income increased by 23.3% to $59.3 million. The company's combined ratio was 95.9%.

Mercury General Corporation reported a net income of $31.7 million for the fourth quarter of 2019, a significant improvement compared to the net loss of $81.9 million in the fourth quarter of 2018. The combined ratio was 103.2%, and catastrophe losses net of reinsurance totaled $36 million.