Mercury General Q3 net loss narrows to $8.2M; combined ratio improves to 98.6%

MERCURY GENERAL CORP

2023-Q3 EPS reported -$1.72 revenue$3,254,998,000

Net loss of $8.2M ($0.15 diluted loss) vs $98.3M loss in Q3 2022; operating income of $62.9M ($1.14/diluted)
Net premiums earned $1.09B, up 9.4% YoY; net premiums written $1.21B, up 16.6%
Combined ratio 98.6% vs 102.8% in prior year; catastrophe losses $33M vs $19M
Board declares $0.3175 quarterly dividend, payable Dec 28, 2023 to holders of record Dec 14
Pending CA rate increases: personal auto 20.8% and homeowners 7.0% awaiting DOI approval

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MERCURY GENERAL CORP reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 31, 2023, the Company issued a press release announcing its financial results for the third quarter ended September 30, 2023.

View on SEC.gov

Browse all earnings releases →

MERCURY GENERAL CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-056852

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.