---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-125064"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:58:46.997223+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-125064
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000119312524125064/0001193125-24-125064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000119312524125064/d786173d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-125064
- JSON: https://secwatch.observer/filing/0001193125-24-125064.json
- Plain text: https://secwatch.observer/filing/0001193125-24-125064.txt

## Key facts
- Earnings Releases
  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
  source text: On April 30, 2024, the Company issued a press release announcing its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/64996/000119312524125064/0001193125-24-125064-index.htm

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