---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002780"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:50:03.579436+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mercury General full-year net loss $512.7M, Q4 combined ratio 115.8%

## Summary
- Q4 net loss $6.8M, diluted loss $0.12; full-year net loss $512.7M, diluted loss $9.26.
- Combined ratio 115.8% Q4 vs 105.4% LY; full year 108.7% vs 98.3%.
- Operating loss $80.4M Q4, $1.45 per diluted share; full-year operating loss $127.1M.
- California DOI approved 6.9% rate increase for MIC & CAIC; plans another 6.9% filing in March.
- Q4 catastrophe losses $43M; Jan 2023 atmospheric river storms estimated $35M in Q1 2023.

## SEC filing metadata
- accession: 0000950170-23-002780
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000095017023002780/0000950170-23-002780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000095017023002780/mcy-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002780
- JSON: https://secwatch.observer/filing/0000950170-23-002780.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002780.txt

## Key facts
- Earnings Releases
  MERCURY GENERAL CORP reported fourth quarter ended December 31, 2022 results: net income Net (loss) income of $(6,770) thousand, EPS Net (loss) income per diluted share of $(0.12).
  - Period: fourth quarter ended December 31, 2022
  - Net income: Net (loss) income of $(6,770) thousand
  - EPS: Net (loss) income per diluted share of $(0.12)
  - Result: reported results
  source text: Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2022 results: Consolidated Highlights
  evidence_url: https://www.sec.gov/Archives/edgar/data/64996/000095017023002780/0000950170-23-002780-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.