---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-113814"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T15:15:50.346853+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Mercury General Q1 net loss $108.3M; wildfire losses drive combined ratio to 119.2%

## Summary
- Net loss of $108.3M ($1.96 diluted EPS) vs net income of $73.5M ($1.33) in Q1 2024.
- Combined ratio 119.2% (up 18.3 pts) on $447M net catastrophe losses, primarily from Southern California wildfires.
- Gross wildfire loss estimate $2.15B; net of $1.29B reinsurance and $525M subrogation recovery on Eaton fire.
- Quarterly dividend $0.3175/share, payable June 26, 2025 to holders of record June 12, 2025.
- Net premiums earned +10% to $1.283B; net investment income after tax +24% to $67.9M.

## SEC filing metadata
- accession: 0001193125-25-113814
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000119312525113814/0001193125-25-113814-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000119312525113814/d839141d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-113814
- JSON: https://secwatch.observer/filing/0001193125-25-113814.json
- Plain text: https://secwatch.observer/filing/0001193125-25-113814.txt

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