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Sep 30, 2020
Mercury General Q3 2020 Earnings Report
Mercury General reported increased net income and operating income, driven by lower expenses and higher investment gains.
Key Takeaways
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.
Net income increased by 71.6% to $118.9 million compared to Q3 2019.
Operating income rose by 58.2% to $68.0 million year-over-year.
Catastrophe losses, net of reinsurance, totaled $29 million.
The combined ratio improved to 94.3% from 98.6% in the prior year.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this 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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