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AI brief of an SEC Form 8-K · Mercury General (MCY)

Mercury General Q3 net income rises to $230.9 million, or $4.17 a share

Positive Impact 3 of 5 earnings Written later

Mercury General reported third-quarter 2024 net income of $230.9 million, or $4.17 per diluted share, compared with a net loss of $8.2 million, or $0.15 per share, a year earlier. Net premiums earned rose 21.1% to $1.32 billion, and the combined ratio improved to 93.6% from 98.6%. The company also declared a quarterly dividend of $0.3175 per share, and it expects Hurricane Milton losses of $5 million or less in the fourth quarter.

Key points

  • Net income of $230.9 million ($4.17 per diluted share) versus a net loss of $8.2 million ($0.15 per share) in Q3 2023
  • Operating income of $140.4 million ($2.54 per diluted share) versus $62.9 million ($1.14 per share) in Q3 2023
  • Net premiums earned up 21.1% to $1.32 billion; combined ratio 93.6% versus 98.6%
  • Quarterly dividend of $0.3175 per share, payable December 26, 2024 to holders of record December 12, 2024

The filing

CompanyMercury General (MCY)
Form8-K, current report
Filed with the SECOct 29, 2024, 4:06 PM ET
Accession number0001193125-24-246526

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.