---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-054598"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:37:48.475527+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mercury General Q4 net income $202.5M ($3.66 EPS), doubled YoY; wildfire net loss $380M

## Summary
- Q4 2025 net income $202.5M ($3.66 diluted EPS), up 100% from $101.1M ($1.82) a year ago.
- Full-year combined ratio 96.3%; Q4 combined ratio improved to 88.6% from 91.4%.
- Net losses from Palisades/Eaton wildfires totaled $380M; $538M subrogation recovery recorded from SCE for Eaton fire.
- California DOI approved 6.9% homeowners rate increase effective July 2026; represents ~15% of net premiums.
- Declared quarterly dividend of $0.3175 per share, payable March 26, 2026 to holders of record March 12.

## SEC filing metadata
- accession: 0001193125-26-054598
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/64996/000119312526054598/0001193125-26-054598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000119312526054598/d47895d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-054598
- JSON: https://secwatch.observer/filing/0001193125-26-054598.json
- Plain text: https://secwatch.observer/filing/0001193125-26-054598.txt

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