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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 3,643.07 | 4,629.63 | 5,475.63 | 5,992.47 |
| EBIT | -653.48 | 123.60 | 605.70 | 692.27 |
| Pretax Income | -670.72 | 99.43 | 574.88 | 663.65 |
| Tax Provision | -158.04 | 3.09 | 106.93 | 122.56 |
| Net Income | -512.67 | 96.34 | 467.95 | 541.09 |
| Net Income Common Stockholders | -512.67 | 96.34 | 467.95 | 541.09 |
| Total Expenses | 4,313.78 | 4,530.20 | 4,900.75 | 5,328.82 |
| Interest Expense | 17.23 | 24.17 | 30.82 | 28.62 |
| Normalized Income | -512.67 | 96.34 | 467.95 | 541.09 |
| Market Cap | 5,343.34 | 5,343.34 | 5,343.34 | 5,343.34 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Mercury General Corporationthis co. | MCY | $5.3B | 9.88↓ discount | 2.21 | 22.4% | - |
| MarketAxess Holdings Inc. | MKTX | $6.1B | 23.52 | 5.06 | 21.5% | 12.30 |
| Victory Capital Holdings, Inc. | VCTR | $5.9B | 14.11 | 1.92 | 13.6% | 9.48 |
| Axos Financial, Inc. | AX | $5.4B | 12.50 | 2.02 | 16.1% | - |
| HA Sustainable Infrastructure Capital, Inc. | HASI |
| $5.2B |
| 28.91 |
| 2.07 |
| 7.2% |
| - |
| Moelis & Company | MC | $5.1B | 21.45 | 8.80 | 41.0% | 16.65 |
| Atlantic Union Bankshares Corporation | AUB | $5.0B | 19.55 | 1.07 | 5.5% | - |
| Radian Group Inc. | RDN | $5.0B | 8.33 | 1.01 | 12.2% | - |
| Virtu Financial, Inc. | VIRT | $4.4B | 8.97 | 2.66 | 29.6% | 6.10 |
| Peer Median | - | 16.83 | 2.05 | 14.9% | 10.89 | |