earnings
confidence high
sentiment positive
materiality 0.90
Mercury General reports Q1 net income of $190M vs year-ago loss; combined ratio improves to 89.3%
MERCURY GENERAL CORP
2026-Q1 EPS
reported $3.44
vs consensus $2.17
▲ beat
(+58.4%)
- Net income of $190.4M ($3.44 diluted EPS) vs loss of $108.3M ($1.96 loss) in Q1 2025.
- Net premiums earned $1.45B, up 13.2% YoY; direct premiums written $1.57B, up 8.8%.
- Combined ratio improved to 89.3% from 119.2% on lower catastrophe losses ($93M vs $447M).
- Quarterly dividend declared at $0.3175 per share, payable June 25, 2026 to holders of record June 11, 2026.