MERCURY GENERAL CORP (MCY) Form 8-K — Nov 3, 2026
Mercury General (NYSE: MCY) reported a Q3 2026 net loss of $13.7 million, or $(0.25) per diluted share, versus net income of $280.4 million ($5.06/share) a year earlier. The swing was driven by $262 million of pre-tax realized investment losses from falling bond fair values as market interest rates rose sharply. Underlying operations remained healthy: operating income was $193.3 million ($3.49/share, down 9.6% YoY), net premiums earned grew 9.6% to $1.55 billion, and $58 million of favorable prior-year reserve development helped offset $23 million of catastrophe losses. The Q3 combined ratio deteriorated to 90.2% from 87.0%, though the nine-month ratio improved to 89.8% from 99.0%.
Key figures
- Revenue
- 1381351000
- Total Debt
- 569005000
- Revenue Yoy
- -12.8% (total revenues Q3 2026 vs Q3 2025)
- Total Assets
- 10349051000
- Cash Position
- 1305215000
- Operating eps
- 3.49
- Operating income
- 193253000
- Combined ratio q3
- 90.2%
- Combined ratio ytd
- 89.8%
- Dividend per share
- 0.3175
- Shares outstanding
- 55389000
- Total pif thousands
- 2414
- Book value per share
- 50.64
- Catastrophe losses q3
- 23000000
- Net premiums earned q3
- 1545368000
- Net premiums earned yoy pct
- 9.6
- Combined ratio prior year q3
- 87.0%
- Favorable reserve development q3
- 58000000
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