---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-053574"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T15:24:16.574645+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-21-053574
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2021-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000156459021053574/0001564590-21-053574-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000156459021053574/mcy-8k_20211102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-053574
- JSON: https://secwatch.observer/filing/0001564590-21-053574.json
- Plain text: https://secwatch.observer/filing/0001564590-21-053574.txt

## Key facts
- Executive change
  Vicky Wai Yee Joseph was appointed as Director at MERCURY GENERAL CORP.
  - Action: appointed
  - Role: Director
  source text: On October 29, 2021, the Board of Directors of the Company (the “Board”) appointed Vicky Wai Yee Joseph as a director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/64996/000156459021053574/0001564590-21-053574-index.htm

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