Earnings ·
Reports Q3 net loss of $13.7M, declares quarterly dividend of $0.3175 per share
MCYMercury General Corp
Mercury General reported a third-quarter net loss of $13.7 million, or $0.25 per diluted share, compared to net income of $280.4 million in the prior year period. The decline was driven by a $262 million pre-tax net realized investment loss due to rising market interest rates and $23 million in catastrophe losses from storms in Oklahoma and Texas. Operating income fell 9.6% to $193.3 million, while combined ratio widened to 90.2%. The company also declared a quarterly dividend of $0.3175 per share, payable on December 31, 2026, to shareholders of record on December 17, 2026. Mercury General is a multiple-line insurance organization offering predominantly personal automobile and homeowners insurance.