Mercury General Q2 net income $263.5M ($4.76/sh), up 58%; combined ratio 89.9%

MERCURY GENERAL CORP

2026-Q2 EPS reported $8.20 revenue$3,221,575,000

Net income $263.5M ($4.76 diluted EPS), up 58% YoY; operating income $195.2M ($3.52/sh), up 32%.
Net premiums earned $1.50B, up 9.6% YoY; combined ratio improved to 89.9% from 92.5%.
Catastrophe losses net of reinsurance $75M in Q2 2026 vs $13M in Q2 2025, driven by adverse reserve development on Palisades/Eaton wildfires and storms.
Favorable prior-year reserve development of $35M in Q2 2026 vs unfavorable $4M in Q2 2025.
Board declared quarterly dividend of $0.3175/share, payable Sept 24, 2026 to holders of record Sept 10, 2026.

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