Mercury General Q1 net income $73.5M vs loss; combined ratio 100.9%; declares $0.3175 dividend

MERCURY GENERAL CORP

2024-Q1 EPS reported $1.33 revenue$1,274,085,000

Net income of $73.5M ($1.33/sh) vs loss of $45.3M (-$0.82/sh) in Q1 2023.
Operating income $43.3M ($0.78/sh) vs operating loss $84M (-$1.52/sh) YoY.
Combined ratio improved to 100.9% from 115.8%; net premiums earned up 16.1% to $1.17B.
CA DOI approved auto rate increases of 22.5% (MIC) and 3.8% (CAIC) effective Feb 2024; 6.99% homeowners rate increase expected May 2024.
Quarterly dividend of $0.3175/sh declared, payable June 27, 2024 to holders of record June 13, 2024.

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 the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 30, 2024, the Company issued a press release announcing its financial results for the first quarter ended March 31, 2024.

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

MERCURY GENERAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-125064

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.