secwatch.observer — SEC 8-K summary
======================================

Issuer:     MERCURY GENERAL CORP (MCY)
CIK:        0000064996
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001564590-22-005212
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64996/000156459022005212/0001564590-22-005212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64996/000156459022005212/mcy-8k_20220215.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-005212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer