---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036458"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:35:12.843378+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mercury General Q2 net loss $41.5M, operating loss $25.9M; combined ratio 110.1%

## Summary
- Net loss $41.5M ($0.75/sh) vs $210.7M loss Q2 2022; net premiums earned up 4.8% to $1.03B.
- Operating loss $25.9M ($0.47/sh) vs $19.6M loss year ago; catastrophe losses $92M net of reinsurance.
- Combined ratio 110.1% worsened 3.5 pts YoY; year-to-date favorable prior-year reserve development $20M.
- Board declared $0.3175/share quarterly dividend, payable Sept 28 to holders of record Sept 14.
- California personal auto rate increase 14.4% in 2023; additional 20.8% pending regulatory approval.

## SEC filing metadata
- accession: 0000950170-23-036458
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000095017023036458/0000950170-23-036458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000095017023036458/mcy-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036458
- JSON: https://secwatch.observer/filing/0000950170-23-036458.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036458.txt

## Key facts
- Earnings Releases
  MERCURY GENERAL CORP reported second quarter ended June 30, 2023 results: revenue $ 1,034,469, net income $(41,543), EPS $(0.75).
  - Period: second quarter ended June 30, 2023
  - Revenue: $ 1,034,469
  - Net income: $(41,543)
  - EPS: $(0.75)
  - Result: reported results
  source text: Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 $ % 2023 2022 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,034,469 $ 987,512 $ 46,957 4.8 $ 2,039,173 $ 1,950,062 $ 89,111 4.6 Net premiums written (1) $ 1,115,345 $ 1,016,994 $ 98,351 9.7 $ 2,125,546 $ 2,027,791 $ 97,755 4.8 Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/64996/000095017023036458/0000950170-23-036458-index.htm

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