---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-017433"
form_type: "8-K"
ticker: "MCY"
cik: "0000064996"
company_name: "MERCURY GENERAL CORP"
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:42:29.150469+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mercury General reports Q1 net loss of $196.9M; combined ratio worsens to 109.5%

## Summary
- Net loss of $196.9M ($3.56 diluted loss) vs net income of $107.0M ($1.93 diluted EPS) in Q1 2021.
- Operating loss of $42.8M ($0.77 per share) vs operating income of $74.1M ($1.34 per share) a year ago.
- Combined ratio deteriorated to 109.5% from 93.5%, driven by adverse reserve development of $53M and catastrophe losses of $22M.
- Net realized investment losses of $154.1M after tax, compared to gains of $32.9M in prior year.
- Declared quarterly dividend of $0.6350 per share, payable June 30, 2022 to shareholders of record June 16, 2022.

## SEC filing metadata
- accession: 0001564590-22-017433
- form_type: 8-K
- ticker: MCY
- cik: 0000064996
- company_name: MERCURY GENERAL CORP
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64996/000156459022017433/0001564590-22-017433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64996/000156459022017433/mcy-8k_20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-017433
- JSON: https://secwatch.observer/filing/0001564590-22-017433.json
- Plain text: https://secwatch.observer/filing/0001564590-22-017433.txt

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