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Complete financial analysis of Mercury General Corporation (MCY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mercury General Corporation, a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.
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Mercury General Corporation (MCY)
Industry: Insurance - Property & Casualty
Sector: Financial Services
Website: https://www.mercuryinsurance.com
About Mercury General Corporation
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its 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, fire, and other hazards. The company 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 founded in 1961 and is headquartered in Los Angeles, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.63B | 3.64B | 3.99B | 3.78B | 3.97B | 3.38B | 3.42B | 3.23B | 3.01B | 3.01B | 2.82B | 2.78B | 2.78B | 2.78B | 3.12B | 5.71B | 3.18B | 3.17B | 2.99B | 2.67B | 2.27B | 1.79B | 1.51B | 1.37B | 1.28B | 1.22B | 1.13B | 824.96M | 683.68M | 577.20M | 533.80M | 515.30M | 529.50M | 529.30M | 523.70M | 454.60M | 370.60M | 261.80M | 145.70M |
| Cost of Revenue | 279.66M | 279.72M | 283.40M | 285.83M | 269.31M | 244.63M | 233.48M | 235.31M | 250.84M | 249.38M | 219.48M | 207.28M | 215.71M | 255.36M | 217.68M | 174.83M | 158.81M | 176.56M | 150.20M | 111.29M | 91.30M | 74.88M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 4.35B | 3.36B | 3.71B | 3.50B | 3.70B | 3.14B | 3.18B | 2.99B | 2.76B | 2.76B | 2.60B | 2.58B | 2.56B | 2.52B | 2.90B | 5.54B | 3.02B | 2.99B | 2.84B | 2.56B | 2.17B | 1.71B | 1.51B | 1.37B | 1.28B | 1.22B | 1.13B | 824.96M | 683.68M | 577.20M | 533.80M | 515.30M | 529.50M | 529.30M | 523.70M | 454.60M | 370.60M | 261.80M | 145.70M |
| Gross Profit Ratio | 93.96% | 92.32% | 92.90% | 92.45% | 93.22% | 92.76% | 93.17% | 92.71% | 91.66% | 91.72% | 92.22% | 92.55% | 92.23% | 90.80% | 93.03% | 96.94% | 95.00% | 94.43% | 94.98% | 95.83% | 95.97% | 95.81% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 12.77M | 16.93M | 17.35M | 17.51M | 17.34M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.40M | 7.40M | 7.10M | 5.80M | 5.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 8.90M | 11.80M | 50.10M | 37.70M | 42.20M | 40.90M | 37.40M | 39.60M | 44.00M | 23.00M | 20.00M | 19.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 21.67M | 28.73M | 67.45M | 55.21M | 59.54M | 40.90M | 37.40M | 39.60M | 44.00M | 23.00M | 20.00M | 19.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.40M | 7.40M | 7.10M | 5.80M | 5.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 4.63B | 279.72M | -3.70B | -3.33B | -3.60B | -3.39B | -3.00B | -2.92B | -2.68B | -2.51B | -2.47B | -2.44B | -2.31B | -2.33B | -2.33B | -5.98B | -2.70B | -2.67B | -2.48B | -2.14B | -1.93B | -1.65B | -1.37B | -1.23B | -1.11B | -982.04M | -913.17M | -686.37M | -567.36M | -493.80M | -415.90M | -413.50M | -452.80M | -478.50M | -490.10M | -422.30M | -351.00M | -248.40M | -129.50M |
| Operating Expenses | 4.63B | 279.72M | -3.70B | -3.33B | -3.60B | -3.39B | -3.00B | -2.92B | -2.68B | -2.51B | -2.47B | -2.44B | -2.31B | -2.33B | -2.33B | -5.98B | -2.70B | -2.67B | -2.48B | -2.14B | -1.93B | -1.65B | -1.37B | -1.23B | -1.11B | -982.04M | -913.17M | -686.37M | -567.36M | -493.80M | -407.50M | -406.10M | -445.70M | -472.70M | -484.80M | -422.30M | -351.00M | -248.40M | -129.50M |
| Cost & Expenses | 4.63B | 4.31B | 3.69B | 3.33B | 3.59B | 3.41B | 3.25B | 3.16B | 2.94B | 2.76B | 2.69B | 2.65B | 2.53B | 2.59B | 2.55B | 2.87B | 2.86B | 2.86B | 2.64B | 2.26B | 2.02B | 1.73B | 1.38B | 1.24B | 1.11B | 986.84M | 918.17M | 688.37M | 569.36M | 113.70M | 108.90M | 103.30M | 107.60M | 110.20M | 106.60M | 2.50M | 1.90M | 200.00K | 400.00K |
| Interest Income | 0.00 | 17.23M | 17.11M | 17.05M | 17.04M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 24.17M | 17.23M | 17.11M | 17.05M | 17.04M | 17.04M | 15.17M | 3.96M | 3.17M | 2.64M | 1.26M | 1.54M | 5.55M | 6.81M | 6.73M | 4.97M | 8.59M | 9.18M | 7.22M | 4.22M | 3.06M | 4.10M | 7.73M | 7.29M | 5.00M | 4.80M | 5.00M | 2.00M | 2.00M | 1.00M | 800.00K | 1.20M | 1.60M | 2.00M | 2.20M | 2.50M | 1.90M | 200.00K | 400.00K |
| Depreciation & Amortization | 72.24M | 82.39M | 79.06M | 68.46M | 64.73M | 58.79M | 55.34M | 26.39M | 26.48M | 28.05M | 30.59M | 36.97M | 40.66M | 40.74M | 35.69M | 27.04M | 26.32M | 24.26M | 18.78M | 16.19M | 16.13M | 10.23M | 8.48M | 6.93M | 6.90M | 5.44M | 5.16M | 4.07M | 3.74M | 5.00M | 5.70M | 2.20M | 2.60M | 2.70M | 2.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 195.84M | -571.09M | 395.48M | 544.01M | 459.83M | 45.21M | 3.38B | 3.05B | 2.81B | 3.02B | 2.75B | 173.83M | 291.31M | 229.93M | 613.96M | -418.86M | 349.95M | 345.85M | 378.64M | 428.26M | 264.98M | 75.00M | 141.01M | 142.77M | 180.44M | 245.52M | 219.94M | 142.66M | 120.06M | 6.00M | 6.50M | 3.40M | 4.20M | 4.70M | 4.70M | 32.30M | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 4.23% | -7.47% | 9.22% | 13.71% | 10.92% | 1.34% | 6.96% | 3.13% | 3.33% | 9.23% | 5.81% | 6.25% | 10.49% | 8.28% | 19.67% | -7.34% | 11.01% | 10.91% | 12.66% | 16.05% | 11.70% | 4.20% | 9.36% | 10.45% | 14.09% | 20.09% | 19.50% | 17.29% | 17.56% | 15.32% | 24.73% | 21.62% | 16.32% | 11.20% | 7.91% | 7.11% | 5.29% | 5.12% | 11.12% |
| Operating Income | 0.00 | -354.63M | 289.28M | 450.21M | 369.03M | -13.58M | 182.25M | 74.69M | 73.74M | 250.06M | 133.36M | 136.85M | 250.65M | 189.20M | 578.27M | -445.90M | 323.63M | 321.59M | 359.86M | 412.07M | 248.86M | 64.77M | 132.54M | 135.85M | 173.54M | 240.08M | 214.78M | 138.59M | 116.32M | 83.40M | 126.30M | 109.20M | 83.80M | 56.60M | 38.90M | 32.30M | 19.60M | 13.40M | 16.20M |
| Operating Income Ratio | 0.00% | -9.73% | 7.24% | 11.90% | 9.29% | -0.40% | 5.34% | 2.31% | 2.45% | 8.30% | 4.73% | 4.92% | 9.02% | 6.82% | 18.53% | -7.81% | 10.18% | 10.15% | 12.03% | 15.44% | 10.98% | 3.63% | 8.79% | 9.94% | 13.55% | 19.64% | 19.04% | 16.80% | 17.01% | 14.45% | 23.66% | 21.19% | 15.83% | 10.69% | 7.43% | 7.11% | 5.29% | 5.12% | 11.12% |
| Total Other Income/Expenses | 99.43M | -670.72M | -3.63B | -3.27B | -3.53B | -30.62M | -2.98B | -2.88B | -2.64B | -2.49B | -2.45B | -976.00K | -5.55M | -6.81M | -6.73M | -4.97M | -31.29M | -14.18M | -9.42M | -5.12M | -3.06M | -4.10M | 124.81M | 128.56M | 168.54M | 235.28M | 209.78M | 136.59M | 114.32M | 47.80M | 59.70M | 59.80M | 56.00M | 52.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 99.43M | -670.72M | 299.31M | 458.50M | 378.07M | -30.62M | 167.09M | 70.72M | 70.57M | 247.43M | 132.10M | 135.31M | 245.10M | 182.39M | 571.54M | -450.86M | 315.04M | 312.41M | 352.64M | 407.84M | 245.80M | 60.67M | 124.81M | 128.56M | 168.54M | 235.28M | 209.78M | 136.59M | 114.32M | 131.20M | 186.00M | 169.00M | 139.80M | 108.60M | 90.20M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 2.15% | -18.41% | 7.50% | 12.12% | 9.52% | -0.91% | 4.89% | 2.19% | 2.34% | 8.22% | 4.68% | 4.86% | 8.83% | 6.57% | 18.31% | -7.90% | 9.91% | 9.86% | 11.79% | 15.29% | 10.85% | 3.40% | 8.28% | 9.41% | 13.16% | 19.25% | 18.60% | 16.56% | 16.72% | 22.73% | 34.84% | 32.80% | 26.40% | 20.52% | 17.22% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 3.09M | -158.04M | 51.37M | 83.89M | 57.98M | -24.89M | 22.21M | -2.32M | -3.91M | 69.48M | 19.95M | 18.40M | 53.94M | 30.19M | 168.47M | -208.74M | 77.20M | 97.59M | 99.38M | 121.64M | 61.48M | -5.44M | 19.47M | 19.19M | 34.83M | 57.75M | 53.47M | 30.83M | 24.02M | 16.10M | 29.30M | 24.70M | 16.70M | 3.00M | 2.80M | -29.80M | -2.90M | -1.00M | 2.80M |
| Net Income | 96.34M | -512.67M | 247.94M | 374.61M | 320.09M | -5.73M | 144.88M | 73.04M | 74.48M | 177.95M | 112.14M | 116.91M | 191.16M | 152.20M | 403.07M | -242.12M | 237.83M | 214.82M | 253.26M | 286.21M | 184.32M | 66.11M | 105.34M | 109.37M | 133.71M | 177.53M | 156.31M | 105.76M | 90.30M | 66.30M | 96.20M | 83.30M | 65.50M | 51.60M | 33.90M | 29.80M | 20.60M | 14.20M | 13.00M |
| Net Income Ratio | 2.08% | -14.07% | 6.21% | 9.90% | 8.06% | -0.17% | 4.24% | 2.26% | 2.47% | 5.91% | 3.98% | 4.20% | 6.88% | 5.48% | 12.91% | -4.24% | 7.48% | 6.78% | 8.46% | 10.73% | 8.14% | 3.70% | 6.99% | 8.01% | 10.44% | 14.53% | 13.86% | 12.82% | 13.21% | 11.49% | 18.02% | 16.17% | 12.37% | 9.75% | 6.47% | 6.56% | 5.56% | 5.42% | 8.92% |
| EPS | 1.74 | -9.26 | 4.48 | 6.77 | 5.78 | -0.10 | 2.62 | 1.32 | 1.35 | 3.23 | 2.04 | 2.13 | 3.49 | 2.78 | 7.36 | -4.42 | 4.35 | 3.93 | 4.64 | 5.25 | 3.39 | 1.22 | 1.94 | 2.02 | 2.45 | 3.23 | 2.84 | 1.93 | 1.66 | 1.22 | 1.76 | 1.53 | 1.21 | 0.96 | 0.63 | 0.56 | 0.40 | 0.31 | 0.28 |
| EPS Diluted | 1.74 | -9.26 | 4.48 | 6.77 | 5.78 | -0.10 | 2.62 | 1.32 | 1.35 | 3.23 | 2.04 | 2.13 | 3.49 | 2.78 | 7.32 | -4.41 | 4.34 | 3.92 | 4.63 | 5.24 | 3.38 | 1.21 | 1.94 | 2.02 | 2.44 | 3.21 | 2.82 | 1.93 | 1.66 | 1.21 | 1.75 | 1.53 | 1.21 | 0.96 | 0.63 | 0.56 | 0.40 | 0.31 | 0.28 |
| Weighted Avg Shares Out | 55.37M | 55.37M | 55.37M | 55.36M | 55.35M | 55.34M | 55.32M | 55.25M | 55.16M | 55.01M | 54.95M | 54.90M | 54.83M | 54.79M | 54.77M | 54.74M | 54.70M | 54.66M | 54.58M | 54.52M | 54.37M | 54.18M | 54.30M | 54.14M | 54.58M | 54.96M | 55.04M | 54.80M | 54.56M | 54.34M | 54.66M | 54.44M | 54.13M | 53.75M | 53.81M | 53.21M | 51.50M | 45.81M | 46.43M |
| Weighted Avg Shares Out (Dil) | 55.37M | 55.37M | 55.37M | 55.36M | 55.36M | 55.34M | 55.33M | 55.30M | 55.21M | 55.02M | 54.96M | 54.92M | 54.85M | 54.83M | 55.09M | 54.92M | 54.83M | 54.80M | 54.70M | 54.62M | 54.53M | 54.63M | 54.30M | 54.14M | 54.80M | 55.30M | 55.43M | 54.96M | 54.63M | 54.79M | 54.97M | 54.44M | 54.13M | 53.75M | 53.81M | 53.21M | 51.50M | 45.81M | 46.43M |
Mercury General (MCY) Reports Q2 Loss, Tops Revenue Estimates
Mercury General (MCY) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to loss of $0.35 per share a year ago.
Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend
LOS ANGELES , Aug. 1, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the second quarter of 2023: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 $ % 2023 2022...
Mercury Names the Most Affordable 2023 Electric Vehicles to Insure
Kia Soul EV tops the list for the second consecutive year LOS ANGELES , July 31, 2023 /PRNewswire/ -- The number of electric vehicles (EVs) available on the marketplace continues to grow and the cost of insuring an EV is...
Mercury Insurance Names the Most Affordable New-Trucks and -SUVs to Insure
Chevrolet takes top two truck spots with Ford taking five spots in the top ten; Fiat is the most budget-friendly SUV to insure with Honda having three in the top ten LOS ANGELES , July 28, 2023 /PRNewswire/ -- Consumers...
Mercury Insurance Names the Most Affordable New Sedans to Insure
Mazda 2 tops this year's list LOS ANGELES , July 27, 2023 /PRNewswire/ -- Select sedan models are once again some of the most affordable vehicles to purchase and own, including insurance, according to Mercury Insurance (NYSE: MCY), a leading auto insurer...
Analysts Estimate Mercury General (MCY) to Report a Decline in Earnings: What to Look Out for
Mercury General (MCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mercury Insurance Launches Video Series to Promote Wildfire Preparedness in California
Mercury's new video series empowers Californians to prepare and protect LOS ANGELES , July 14, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) today announced the debut of a new video series designed to raise awareness about the importance of wildfire preparation....
MERCURY GENERAL CORPORATION TO REPORT SECOND QUARTER RESULTS ON AUGUST 1, 2023
LOS ANGELES , July 11, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, August 1, 2023, the Company will issue an earnings press release reporting its results for the second quarter...
3 Stocks to Buy Before the Fed Resumes Rate Hikes Later This Year
Although it might seem like the Federal Reserve will eventually look to reduce interest rates, the opposite might be true, thus necessitating a discussion about stocks to buy before rate hike. Fundamentally, all eyes center on the jobs report.
7 Super-Safe Stocks to Buy as Fear Grips the Market
Although the federal government – along with a very big bank – helped get in front of yet another bank failure (the third this year), the underlying volatility naturally incentives targeting the best safe stocks for market crash list. Worryingly,...
Source: https://incomestatements.info
Category: Stock Reports