MERCURY GENERAL CORP

Listed Company

MCYCIK 0000064996NYSELarge AcceleratedFire, Marine & Casualty InsuranceCaliforniaFY ends Dec 31

Period

FY 2025

Revenue

$5.99B

Net Income

$541.09M

Total Assets

$9.56B

Equity

$2.42B

Shares Out

55.39M

Op. Cash Flow

$1.09B

MCY$106.11+56.16% · past yearDBEQ Basic

Daily closing prices

Business

Mercury General Corporation is a personal automobile insurer operating through 12 subsidiaries in 11 states, primarily California, writing private passenger auto, homeowners, commercial auto, commercial property, mechanical protection, and umbrella insurance. The company distributes policies through a network of approximately 8,510 independent agents, two owned insurance agencies (AIS and PoliSeek), and direct internet channels. Mercury General competes on reputation, customer service, pricing, and agent relationships, maintaining an in-house underwriting and claims operation.

Summary from 10-K filed 2026-02-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net premiums earned	5,506	5,075	4,274	3,952	3,742
Net investment income	329	280	235	168	130
Net realized investment gains	131	89	101	−488	112
Other	27	32	20	10	10
Total revenues	5,992	5,476	4,630	3,643	3,993
Losses and loss adjustment expenses	3,963	3,685	3,518	3,362	—
Policy acquisition costs	943	858	709	655	633
Other operating expenses	394	327	280	280	283
Interest	29	31	24	17	—
Total expenses	5,329	4,901	4,530	4,314	3,694
Income before income taxes	664	575	99	−671	299
Income tax expense	123	107	3	−158	51
Net income	541	468	96	−513	248
Basic (in dollars per share)	9.77	8.45	1.74	−9.26	4.48
Diluted (in dollars per share)	9.77	8.45	1.74	−9.26	4.48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fixed maturity securities (amortized cost $5,449,726; $4,982,459)	5,430	4,913	4,319	4,088	4,032
Equity securities (cost $728,460; $795,068)	813	879	731	700	971
Short-term investments (cost $336,978; $283,792)	337	284	178	123	140
Total investments	6,580	6,076	5,229	4,911	5,143
Cash	1,316	720	551	290	336
Premiums	752	697	607	572	622
Allowance for credit losses on premiums receivable	−6	−6	−5	−6	−6
Premiums receivable, net of allowance for credit losses	746	691	602	566	616
Accrued investment income	73	68	59	52	43
Other	87	62	26	11	8
Total receivables	905	821	686	630	667
Reinsurance recoverables (net of allowance for credit losses $39; $0)	110	29	32	26	—
Deferred policy acquisition costs	360	335	294	266	258
Fixed assets, net	147	138	151	171	191
Operating lease right-of-use assets	12	13	14	20	32
Deferred income taxes	31	46	33	43	0
Goodwill	43	43	43	43	43
Other intangible assets, net	7	8	8	9	10
Other assets	51	82	58	50	28
Total assets	9,561	8,311	7,103	6,514	6,772
Loss and loss adjustment expense reserves	3,633	3,152	2,786	2,585	2,226
Unearned premiums	2,256	2,040	1,736	1,546	1,520
Notes payable	575	574	574	398	373
Accounts payable and accrued expenses	449	418	175	152	169
Operating lease liabilities	12	14	14	22	35
Current income taxes	31	21	0	—	—
Other liabilities	188	146	271	290	256
Total liabilities	7,143	6,364	5,555	4,992	4,632
Commitments and contingencies	—	—	—	—	—
Common stock without par value or stated value, Authorized 70,000 shares; issued and outstanding 55,389; 55,389	100	100	99	99	99
Retained earnings	2,318	1,847	1,449	1,423	2,041
Total shareholders equity	2,417	1,947	1,548	1,522	2,140
Total liabilities and shareholders equity	9,561	8,311	7,103	6,514	6,772

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	75	73	72	82	79
Net gains on sales of fixed assets	−3	−20	−6	86,000	−17,000
Loss on property held for sale	0	6	0	841,000	0
Increase in premiums receivable	−55	−89	−36	50	−27
(Increase) decrease in reinsurance recoverables	−81	3	−6	19	3
Changes in current and deferred income taxes	25	12	61	−132	−18
Increase in deferred policy acquisition costs	−24	−41	−27	−8	−11
Increase in loss and loss adjustment expense reserves	481	366	201	358	235
Increase in unearned premiums	216	304	190	26	114
Increase in accounts payable and accrued expenses	33	70	30	−16	−27
Other, net	10	−27	−21	−4	16
Net cash provided by operating activities	1,087	1,037	453	353	502
Purchases	−1,843	−1,721	−785	−1,795	−1,461
Sales	458	171	277	856	336
Calls or maturities	877	941	294	480	519
Purchases	−1,927	−1,664	−1,356	−1,043	−958
Sales	2,084	1,550	1,356	1,155	944
Calls	0	7	0	0	—
Changes in securities payable and receivable	470,000	32	−36	22	8
Increase in short-term investments	−53	−92	−48	38	270
Purchases of fixed assets	−58	−46	−37	−36	−41
Sales of fixed assets	34	13	30	3,000	27,000
Other, net	8	11	10	6	9
Net cash used in investing activities	−420	−797	−295	−316	−374
Dividends paid to shareholders	−70	−70	−70	−105	−140
Proceeds from stock options exercised	0	752,000	0	0	215,000
Payments on finance lease obligations	−1	−2	−1	−2	−825,000
Proceeds from bank loan	0	0	175	25	0
Net cash (used in) provided by financing activities	−72	−71	104	−82	−141
Net increase in cash	595	169	261	−46	−13
Interest paid	28	30	23	17	17
Income taxes paid, net, U.S federal	97	91	—	—	—
Income taxes (refunded), net, U.S federal	—	—	−58	—	—
Income taxes paid, net, U.S state and local	689,000	4	—	—	—
Income taxes (refunded), net, U.S state and local	—	—	−14,000	—	—
Income taxes paid, net, Foreign	17,000	4,000	0	—	—
Total income taxes paid, net	97	95	−58	−27	69
Total income taxes (refunded), net	—	—	−58	—	—

Filings

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Frequently asked questions

What is MERCURY GENERAL CORP's CIK number?

MERCURY GENERAL CORP's SEC CIK number is 0000064996 (64996). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find MERCURY GENERAL CORP's SEC filings?

All of MERCURY GENERAL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did MERCURY GENERAL CORP last report earnings?

MERCURY GENERAL CORP (MCY) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-206384). This is MERCURY GENERAL CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is MERCURY GENERAL CORP's most recent earnings 8-K?

MERCURY GENERAL CORP's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001193125-26-206384. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View MERCURY GENERAL CORP's latest earnings 8-K →
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