---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-040235"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2021-08-03T23:59:59+00:00"
generated_at: "2026-06-29T23:34:34.323385+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mercury General Q2 net income down 52% to $109M; combined ratio worsens to 94.9%

## Summary
- Net income $109.2M ($1.97 diluted EPS), down from $228.2M ($4.12) in Q2 2020.
- Combined ratio 94.9%, worsening 6.7 pts from 88.2% due to higher catastrophe losses.
- Catastrophe losses net of reinsurance $25M in Q2 2021, more than double Q2 2020's $12M.
- Net premiums earned $926.8M, up 14.2% but Q2 2020 had ~$106M COVID-related refunds.
- Quarterly dividend of $0.6325 per share declared, payable Sept 30 to holders of record Sept 16.

## SEC filing metadata
- accession: 0001564590-21-040235
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2021-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000156459021040235/0001564590-21-040235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000156459021040235/mcy-8k_20210803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-040235
- JSON: https://secwatch.observer/filing/0001564590-21-040235.json
- Plain text: https://secwatch.observer/filing/0001564590-21-040235.txt

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