Mercury General Q4 net income falls 47% to $101 million; wildfire losses estimated
Mercury General reported fourth-quarter 2024 net income of $101.1 million, or $1.82 per diluted share, down from $191.4 million, or $3.46, a year earlier, while net premiums earned rose 18.1% to $1.35 billion. The company also estimated net pre-tax catastrophe losses of $155 million to $325 million from the January 2025 California wildfires, which may weigh on first-quarter 2025 results and shareholder returns.
Key points
- Q4 2024 net income was $101.1 million ($1.82 per diluted share) versus $191.4 million ($3.46) in Q4 2023; full-year 2024 net income was $468.0 million ($8.45 per diluted share).
- Q4 2024 combined ratio was 91.4%, compared with 98.6% in Q4 2023; operating income per diluted share was $2.78 versus $1.15.
- Estimated net pre-tax wildfire catastrophe losses are $155 million to $325 million, based on estimated gross losses of $1.6 billion to $2.0 billion; the Board declared a quarterly dividend of $0.3175 per share payable March 27, 2025.
The filing
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 February 11, 2025.
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.