Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend
LOS ANGELES , Nov. 4, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2025: Consolidated Highlights Three Months Ended September 30, Change Nine Months Ended September 30, Change 2025 2024 $ % 2025 2024 $ % (000's except per-share amounts and ratios) Net premiums earned (2) $ 1,410,400 $ 1,320,652 $ 89,748 6.8 $ 4,060,208 $ 3,723,355 $ 336,853 9.0 Net premiums written (1) (2) $ 1,498,861 $ 1,422,933 $ 75,928 5.3 $ 4,294,048 $ 4,063,377 $ 230,671 5.7 Net realized investment gains, net of tax (3) $ 66,716 $ 90,412 $ (23,696) (26.2) $ 103,688 $ 122,873 $ (19,185) (15.6) Net income $ 280,403 $ 230,856 $ 49,547 21.5 $ 338,547 $ 366,886 $ (28,339) (7.7) Net income per diluted share $ 5.06 $ 4.17 $ 0.89 21.3 $ 6.11 $ 6.63 $ (0.52) (7.8) Operating income (1) $ 213,687 $ 140,444 $ 73,243 52.2 $ 234,859 $ 244,013 $ (9,154) (3.8) Operating income per diluted share (1) $ 3.86 $ 2.54 $ 1.32 52.0 $ 4.24 $ 4.41 $ (0.17) (3.9) Catastrophe losses net of reinsurance (4) $ 29,000 $ 39,000 $ (10,000) (25.6) $ 489,000 $ 236,000 $ 253,000 107.2 Combined ratio (5) 87.0 % 93.6 % — (6.6) pts 99.0 % 97.6 % — 1.4 pts (1) These measures are not based on U.S. generally accepted accounting principles ("GAAP"), are defined in "Information Regarding GAAP and Non-GAAP Measures" and are reconciled to the most directly comparable GAAP measures in "Supplemental Schedules." (2) Both net premiums earned and net premiums written for the nine months ended September 30, 2025 include $101 million of increased ceded premiums due to the reinstatement premiums paid and recorded in the first half of 2025 to reinstate the fully exhausted reinsurance coverage layers of its catastrophe reinsurance treaty ending June 30, 2025 following the Palisades and Eaton wildfires in January 2025.
Nov 04, 2025 | www.prnewswire.com
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