---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-005212"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2022-02-15T23:59:59+00:00"
generated_at: "2026-06-27T08:09:18.341957+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mercury General Q4 net income drops 81.7% to $0.55 EPS; combined ratio worsens to 105.4%

## Summary
- Q4 net income $30.5M ($0.55 diluted) vs $166.7M ($3.01) a year ago; operating loss per share ($0.23).
- Combined ratio 105.4% in Q4 vs 93.3% prior year, driven by catastrophe losses and lower investment gains.
- Full-year net premiums earned $3.74B, up 5.2% YoY; catastrophe losses totaled $104M for Q4 and $109M for FY.
- Board declared quarterly dividend of $0.6350/share, payable March 30, 2022 to holders of record March 16.

## SEC filing metadata
- accession: 0001564590-22-005212
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2022-02-15T23:59:59+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/64996/000156459022005212/0001564590-22-005212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000156459022005212/mcy-8k_20220215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-005212
- JSON: https://secwatch.observer/filing/0001564590-22-005212.json
- Plain text: https://secwatch.observer/filing/0001564590-22-005212.txt

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