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Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. The company's automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages. It sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was incorporated in 1961 and is headquartered in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.0B | - | $541M | $1.0B | 22.4% | 9.4% | 15.6% |
| 2024 | $5.5B | - | $468M | $991M | 24.0% | 18.3% | 385.8% |
| 2023 | $4.6B | - | $96M | $416M | 6.2% | 27.1% | -118.8% |
| 2022 | $3.6B | - | $-513M | $317M | -33.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,643.07 | 4,629.63 | 5,475.63 | 5,992.47 |
| Operating Revenue | - | 3,643.07 | 4,629.63 | 5,475.63 | 5,992.47 |
| Total Expenses | - | 4,313.78 | 4,530.20 | 4,900.75 | 5,328.82 |
| EBIT | - | -653.48 | 123.60 | 605.70 | 692.27 |
| Interest Expense | - | 17.23 | 24.17 | 30.82 | 28.62 |
| Net Interest Income | - | -17.23 | -24.17 | -30.82 | -28.62 |
| Other Income Expense | - | 10.31 | 19.61 | 31.52 | 26.79 |
| Interest Expense Non Operating | - | 17.23 | 24.17 | 30.82 | 28.62 |
| Net Non Operating Interest Income Expense | - | -17.23 | -24.17 | -30.82 | -28.62 |
| Pretax Income | - | -670.72 | 99.43 | 574.88 | 663.65 |
| Tax Provision | - | -158.04 | 3.09 | 106.93 | 122.56 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Net Income From Continuing And Discontinued Operation | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Net Income From Continuing Operation Net Minority Interest | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Net Income | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Net Income Common Stockholders | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Net Income Including Noncontrolling Interests | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Normalized Income | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Diluted NI Availto Com Stockholders | - | -512.67 | 96.34 | 467.95 | 541.09 |
| Basic Average Shares | - | 55.37 | 55.37 | 55.37 | 55.39 |
| Diluted Average Shares | - | 55.37 | 55.37 | 55.38 | 55.39 |
| Reconciled Depreciation | - | 82.39 | 72.24 | 73.43 | 74.99 |
| Other Operating Expenses | - | 279.72 | 279.66 | 327.16 | 394.23 |
| Loss Adjustment Expense | - | 3,362.22 | 3,517.85 | 3,684.51 | 3,963.03 |
| Net Policyholder Benefits And Claims | - | 3,362.22 | 3,517.85 | 3,684.51 | 3,963.03 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mercury General Corporationthis co. | MCY | $5.4B | 9.99↓ discount | 2.24 | 22.4% | - |
| Ameris Bancorp | ABCB | $5.7B | 13.90 | 1.41 | 10.1% | - |
| Enact Holdings, Inc. | ACT | $5.7B | 8.48 | 1.07 | 12.6% | - |
| Victory Capital Holdings, Inc. | VCTR | $5.6B | 16.82 | 2.29 | 13.6% | 11.02 |
| Atlantic Union Bankshares Corporation | AUB |
| - |
| - |
| - |
| - |
| - |
| - |
| $5.4B |
| 19.74 |
| 1.08 |
| 5.5% |
| - |
| MARA Holdings, Inc. | MARA | $5.3B | -4.04 | 1.52 | -37.8% | -15.34 |
| Piper Sandler Companies | PIPR | $5.2B | 18.51 | 3.80 | 20.5% | - |
| Moelis & Company | MC | $5.1B | 22.10 | 9.06 | 41.0% | 17.18 |
| HA Sustainable Infrastructure Capital, Inc. | HASI | $5.1B | 27.87 | 2.00 | 7.2% | - |
| Peer Median | - | 17.66 | 1.76 | 11.4% | 11.02 | |