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Dec 31, 2019
Mercury General Q4 2019 Earnings Report
Reported an increase in net premiums earned but a higher combined ratio compared to the same period last year.
Key Takeaways
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.
Net income was $31.7 million, compared to a net loss of $81.9 million in Q4 2018.
Operating income was $11.9 million, compared to an operating loss of $14.6 million in Q4 2018.
Net premiums earned increased to $925.4 million from $868.2 million in Q4 2018.
The combined ratio was 103.2%, compared to 106.7% in Q4 2018.
Revenue by Segment
Forward Guidance
The Company provides forward-looking statements based on current expectations and beliefs, but actual results may differ due to various risks and uncertainties.
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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