---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-024309"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:36:45.427995+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mercury General Q4: op EPS $2.78, combined ratio 91.4%; CA wildfires net loss est $155-325M

## Summary
- Q4 net premiums earned up 18.1% YoY to $1.35B; combined ratio improved 7.2 pts to 91.4%.
- Operating income per diluted share $2.78 (non-GAAP), up 142% YoY; GAAP net income $1.82 per share.
- Quarterly dividend of $0.3175 declared, payable March 27 to shareholders of record March 13.
- CA DOI approved 12% homeowners rate increase effective March 2025; line ~16% of 2024 premiums.
- Jan 2025 Palisades/Eaton wildfires: est. gross losses $1.6-2.0B, net loss $155-325M; company has $1B+ cash.

## SEC filing metadata
- accession: 0001193125-25-024309
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000119312525024309/0001193125-25-024309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000119312525024309/d836173d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-024309
- JSON: https://secwatch.observer/filing/0001193125-25-024309.json
- Plain text: https://secwatch.observer/filing/0001193125-25-024309.txt

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