{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-016668","form_type":"8-K","ticker":"MCY","cik":"0000064996","company_name":"MERCURY GENERAL CORP","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.931810+00:00","generated_at":"2026-06-16T04:06:30.802076+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Mercury General Q1 net loss $45M; combined ratio 115.8%; catastrophe losses surge 345%","bullets":["Net loss of $45.3M ($0.82/diluted share) vs $196.9M loss in Q1 2022; operating loss $84M.","Net premiums earned $1.005B (+4.4% YoY); combined ratio 115.8% (up 6.3 pts).","Catastrophe losses $98M (up 345% from $22M) due to winter storms in CA, TX, OK.","Board declares $0.3175 quarterly dividend, payable June 29 to holders of record June 15.","Inflation pressures continue to hurt auto loss severity; rate increases filed in multiple states including CA."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-016668","json":"https://secwatch.observer/filing/0000950170-23-016668.json","markdown":"https://secwatch.observer/filing/0000950170-23-016668.md","text":"https://secwatch.observer/filing/0000950170-23-016668.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/64996/000095017023016668/0000950170-23-016668-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/64996/000095017023016668/mcy-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T04:06:30.802076+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7b789b343f86595a960a08811b370f803d8136b7","claim":"MERCURY GENERAL CORP reported first quarter ended March 31, 2023 results: revenue $1,004,704, net income $(45,288), EPS $(0.82).","evidence_excerpt":"Net premiums earned $ 1,004,704 $ 962,550 $ 42,154 4.4 Net premiums written (1) (2) $ 1,010,202 $ 1,010,798 $ (596) (0.1) Net realized investment gains (losses), net of tax (3) $ 38,716 $ (154,118) $ 192,834 NM Net loss $ (45,288) $ (196,917) $ 151,629 NM Net loss per diluted share (4) $ (0.82) $ (3.56) $ 2.74 NM","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/64996/000095017023016668/0000950170-23-016668-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$1,004,704"},{"label":"Net income","value":"$(45,288)"},{"label":"EPS","value":"$(0.82)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}