Mercury General Q3 net income sinks to $1.3M, combined ratio 99.0%, dividend raised to $0.635

MERCURY GENERAL CORP

2021-Q3 EPS reported $3.93 revenue$2,944,084,000

Net income $1.3M ($0.02/diluted) vs $118.9M ($2.15) a year ago; operating income $35.7M ($0.64/diluted).
Combined ratio worsened to 99.0% from 94.3%; catastrophe losses net of reinsurance $25M in Q3.
Dividend declared $0.635/share payable Dec 30 to holders of record Dec 16 (increase from prior).
Board appointed Vicky Wai Yee Joseph as director; she is wife of Chairman George Joseph.
Net premiums earned $940.9M, up 4.6% YoY; realized investment losses after tax $34.4M.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Vicky Wai Yee Joseph

Director

MCY · MERCURY GENERAL CORP

Effective: 2021-10-29
Filed: November 2, 2021, 7:59 PM ET

On October 29, 2021, the Board of Directors of the Company (the “Board”) appointed Vicky Wai Yee Joseph as a director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Vicky Wai Yee Joseph was appointed as Director at MERCURY GENERAL CORP.

Action: appointed
Role: Director

Exact text from the filing

On October 29, 2021, the Board of Directors of the Company (the “Board”) appointed Vicky Wai Yee Joseph as a director of the Company.

View on SEC.gov

MERCURY GENERAL CORP filing history →

Source: SEC EDGAR

accession 0001564590-21-053574

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.