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Dec 31, 2022
Mercury General Q4 2022 Earnings Report
Mercury General experienced a net loss and a significant increase in the combined ratio during Q4 2022.
Key Takeaways
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.
Net loss of $6.77 million, compared to a net income of $30.473 million in the same quarter of the previous year.
Operating loss was $80.365 million, a steep decline from the $12.744 million loss in Q4 2021.
Combined ratio significantly increased to 115.8% from 105.4% year-over-year.
Catastrophe losses net of reinsurance increased to $40 million from $19 million in Q4 2021.
Revenue by Segment
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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