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Dec 31, 2020
Mercury General Q4 2020 Earnings Report
Mercury General reported strong fourth-quarter results, marked by a significant increase in net income and operating income compared to the previous year. The combined ratio improved, and catastrophe losses decreased.
Key Takeaways
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.
Net income increased by 426.2% to $166.7 million, or $3.01 per diluted share.
Operating income rose by 544.0% to $76.5 million, or $1.38 per diluted share.
The combined ratio improved to 93.3% from 103.2% in the prior year.
Catastrophe losses, net of reinsurance, decreased by 41.7% to $21 million.
Revenue by Segment
Forward Guidance
The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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