Mercury General Corporation

MCY

US5894001008

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
51.66 ^USD	-4.86%		-3.67%	+38.46%

Apr. 02	Mercury Insurance Offers New Coverages in New Jersey	CI
Feb. 13	Mercury General Swings to Q4 Net Income, Revenue Rises -- Shares Rise After Hours	MT

Mercury General Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 13, 2024 at 04:05 pm EST

Mercury General Corporation reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 1,374.63 million compared to USD 1,151.69 million a year ago. Net income was USD 191.39 million compared to net loss of USD 6.77 million a year ago.

Basic earnings per share from continuing operations was USD 3.46 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 3.46 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.

Latest news about Mercury General Corporation

Mercury Insurance Offers New Coverages in New Jersey	Apr. 02	CI
Mercury General Swings to Q4 Net Income, Revenue Rises -- Shares Rise After Hours	Feb. 13	MT
Mercury General Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 13	CI
Earnings Flash (MCY) MERCURY GENERAL CORPORATION Posts Q4 EPS $1.15, vs. Street Est of $0.05	Feb. 13	MT
Earnings Flash (MCY) MERCURY GENERAL CORPORATION Posts Q4 Revenue $1.37B, vs. Street Est of $1.05B	Feb. 13	MT
Mercury General Corporation Declares Quarterly Dividend, Payable on March 27, 2024	Feb. 13	CI
Mercury General Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 13	CI
Mercury Insurance Appoints Simon Zhang as Chief Data and Analytics Officer	Feb. 08	CI
Mercury General Names New President and COO	Dec. 13	MT
Mercury General Corporation Promotes Victor Joseph as President, Chief Operating Officer and to the Board of Directors, Effective January 1, 2024	Dec. 13	CI
Mercury General Corporation Enters into the Second Amendment to Amended and Restated Credit Agreement	Nov. 30	CI
Mercury General Shares Rise After Q3 Loss Narrows, Revenue Gains	Nov. 01	MT
Mercury General Q3 Net Loss Narrows, Revenue Rises	23-10-31	MT
Earnings Flash (MCY) MERCURY GENERAL CORPORATION Posts Q3 Revenue $1.07B, vs. Street Est of $1.11B	23-10-31	MT
Earnings Flash (MCY) MERCURY GENERAL CORPORATION Reports Q3 EPS $1.14, vs. Street Est of $-0.01	23-10-31	MT
Mercury General Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-31	CI
Mercury General Corporation Declares Quarterly Dividend, Payable on December 28, 2023	23-10-31	CI
Mercury Insurance Announces Continued Sponsorship of Anaheim Ducks	23-10-11	MT
LA Kings Announces Mercury Insurance as Team?s First-Ever Jersey Patch Partner and Continue More Than Decade-Long Historic Partnership	23-10-02	CI
Mercury General Q2 Loss Narrows, Revenue Advances	23-08-02	MT
Earnings Flash (MCY) MERCURY GENERAL CORPORATION Posts Q2 Revenue $1.08B, vs. Street Est of $1.01B	23-08-01	MT
Mercury General Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-01	CI
Mercury General Corporation Announces Declares Quarterly Dividend, Payable on September 28, 2023	23-08-01	CI
North American Morning Briefing : Stock Futures -2-	23-07-10	DJ
Raymond James Downgrades Mercury General to Outperform From Strong Buy, Adjusts Price Target to $33 From $40	23-07-07	MT

Chart Mercury General Corporation

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Company Profile

Mercury General Corporation is an insurance holding company engaged in writing personal automobile insurance business. The Company writes homeowners, commercial automobile, commercial property, mechanical protection and umbrella insurance. The Companyâs automobile coverages include collision, property damage, bodily injury, personal injury protection, underinsured, and uninsured motorist and other hazards. Its homeownersâ coverage includes dwelling, liability, personal property, fire and other hazards. The Company offers standard, non-standard and preferred private passenger automobile insurance. It also offers homeowners insurance in approximately 10 states, commercial automobile insurance in approximately four states, and mechanical protection insurance in various states. Its subsidiaries include Mercury Casualty Company, California Automobile Insurance Company, Orion Indemnity Company, American Mercury Insurance Company, Animas Funding LLC, and Mercury Insurance Company of Illinois.

Sector

Property & Casualty Insurance

Calendar

2024-04-29 - Q1 2024 Earnings Release

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Russell 2000

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Ratings for Mercury General Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

51.66 USD

Average target price

55 USD

Spread / Average Target

+6.47%

Consensus

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Company calendar

Sector Insurance - Automobile

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