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Jun 30, 2021
Mercury General Q2 2021 Earnings Report
Mercury General reported a decrease in net income and operating income for Q2 2021, while experiencing an increase in net premiums earned.
Key Takeaways
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.
Net income decreased by 52.2% to $109.181 million compared to Q2 2020.
Operating income decreased by 39.1% to $62.725 million year-over-year.
Net premiums earned increased by 14.2% to $926.820 million compared to Q2 2020.
The combined ratio increased to 94.9% compared to 88.2% in the same period last year.
Revenue by Segment
Forward Guidance
The Company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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