Mercury General swings to $190.4 million Q1 profit, $3.44 per diluted share
Mercury General reported first-quarter 2026 net income of $190.4 million, or $3.44 per diluted share, compared with a net loss of $108.3 million, or $1.96 per share, a year earlier. Lower catastrophe losses and a combined ratio of 89.3% versus 119.2% drove the improvement, and the board declared a quarterly dividend of $0.3175 per share.
Key points
- Net income of $190.4 million ($3.44 per diluted share) versus a net loss of $108.3 million ($1.96 per share) in Q1 2025
- Operating income of $194.0 million ($3.50 per diluted share) versus an operating loss of $126.8 million in Q1 2025
- Catastrophe losses net of reinsurance fell to $93 million from $447 million; net premiums earned rose 13.2% to $1.45 billion
- Quarterly dividend of $0.3175 per share, payable June 25, 2026 to holders of record on June 11, 2026
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 May 05, 2026.
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.