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Broke on Nov 06, 2026 · measured target $81.36 (-2%). Details →
Nov 3, 4:07 PM ET
Mercury General reported a third-quarter 2026 net loss of $13.7 million, or $0.25 per diluted share, compared with net income of $280.4 million, or $5.06 per share, a year earlier. The company said the loss reflected $206.9 million of after-tax net realized investment losses, which it attributed largely to falling fair value of its investments as market interest rates rose, while net premiums earned grew 9.6% and operating income fell 9.6%.
- Q3 2026 net premiums earned rose 9.6% to $1.55 billion, versus $1.41 billion in Q3 2025.
- Q3 2026 net realized investment losses, net of tax, were $206.9 million; operating income was $193.3 million, or $3.49 per diluted share, down from $213.7 million.
- Q3 2026 combined ratio was 90.2%, compared with 87.0% in Q3 2025; nine-month net income rose 30.0% to $440.2 million.
- Board declared a quarterly dividend of $0.3175 per share, payable December 31, 2026, to holders of record on December 17, 2026.
Read the filing on SEC.gov ↗
Aug 4, 4:06 PM ET
Mercury General reported second-quarter 2026 net income of $263.5 million, or $4.76 per diluted share, up from $166.5 million, or $3.01 per share, a year earlier. Operating income, which excludes realized investment gains, rose 31.9% to $195.2 million, and the combined ratio improved to 89.9% from 92.5%. The company also declared a quarterly dividend of $0.3175 per share.
- Q2 2026 net income was $263.5 million ($4.76 per diluted share), compared with $166.5 million ($3.01 per share) in Q2 2025.
- Net premiums earned rose 9.6% to $1.50 billion; the combined ratio was 89.9%, versus 92.5% a year earlier.
- Catastrophe losses net of reinsurance were $75.0 million in Q2 2026, compared with $13.0 million in Q2 2025.
- Dividend of $0.3175 per share is payable September 24, 2026, to shareholders of record on September 10, 2026.
Read the filing on SEC.gov ↗
Jun 24, 4:27 PM ET
On June 24, 2026, Mercury General entered a Second Amended and Restated Credit Agreement with Bank of America, N.A. as administrative agent, providing a five-year, $250.0 million unsecured revolving facility that replaces its March 31, 2021 credit agreement. Borrowing costs depend on the company's Debt to Capital Ratio, and the agreement sets quarterly financial covenants that shareholders can track.
- $250.0 million unsecured revolving facility matures June 24, 2031; proceeds may be used for general corporate purposes
- Replaces the Amended and Restated Credit Agreement dated March 31, 2021
- Term SOFR loans priced at 1.00% to 1.50% over the margin, Base Rate loans at 0.00% to 0.50%, and unused commitment fee of 0.10% to 0.225%, all based on the Debt to Capital Ratio
- Quarterly covenants: shareholders' equity of at least $1,550.0 million plus 25% of positive annual net income, Debt to Capital Ratio no higher than 35%, and insurance subsidiary risk-based capital ratio of at least 150%
Read the filing on SEC.gov ↗
Jun 12, 4:06 PM ET
Mercury General Corporation completed a public offering of $525.0 million of 6.250% Senior Notes due 2036 on June 12, 2026, priced at 99.764% of principal. The company also amended its credit agreement to permit the notes as permitted indebtedness. The filing adds long-term debt to the company's obligations, which shareholders may track as it affects the company's financial structure.
- Notes: $525.0 million principal, 6.250% annual interest, paid semi-annually from December 15, 2026
- Issue price 99.764% of principal; maturity June 15, 2036
- Notes are unsecured senior obligations, ranking equally with existing and future unsecured senior debt
- Credit Agreement amended via Fourth Amendment with Bank of America, N.A. as administrative agent
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.