LOS ANGELES (AP) — LOS ANGELES (AP) — Mercury General Corp. (MCY) on Tuesday reported a loss of $108.3 million in its first quarter.

On a per-share basis, the Los Angeles-based company said it had a loss of $1.96. Losses, adjusted for investment gains, were $2.29 per share.

The auto insurance company posted revenue of $1.39 billion in the period. Its adjusted revenue was $1.37 billion.

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