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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 Corporation Announces Third Quarter Results and Declares Quarterly Dividend
LOS ANGELES , Oct. 31, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2023: Consolidated Highlights Three Months Ended September 30, Change Nine Months Ended September 30, Change 2023 2022 $ % 2023 2022...
Mercury Insurance Continues Partnership with Anaheim Ducks in Celebration of Team's 30th Season
Mercury's "My First Game" campaign returns, providing select fans with game tickets and more LOS ANGELES , Oct. 11, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) proudly announces its continued sponsorship of the Anaheim Ducks for the 2023-24 NHL season, honoring...
MERCURY GENERAL CORPORATION TO REPORT THIRD QUARTER RESULTS ON OCTOBER 31, 2023
LOS ANGELES , Oct. 10, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, October 31, 2023, the Company will issue an earnings press release reporting its results for the third quarter...
Mercury Insurance Crowned LA Kings' First Jersey Patch Partner, Extending Historic Partnership
Extended Multi-Year Agreement Solidifies Mercury as the NHL Team's Inaugural Jersey Patch Partner, Celebrating 16 Years of Collaboration and Commitment to Southern California Communities LOS ANGELES , Oct. 3, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) and National Hockey League...
Bodily Injury Costs Increase in California, According to Mercury Insurance
Mercury's new umbrella insurance better protects Californians' personal wealth against bodily injury claims LOS ANGELES , Sept. 14, 2023 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events...
Mercury Insurance Continues to Transform Technology and Innovation Practice with Industry Leading Talent
Cameron Nordholm joins Mercury as Head of Technical Product with the aim of accelerating carrier's development of solutions for customers, agents and team members LOS ANGELES , Sept. 13, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property...
Mercury Insurance Advises Policyholders to Prepare for Hurricane Idalia
Mercury offers tips to help auto and homeowners protect their families and property before severe weather arrives LOS ANGELES , Aug. 29, 2023 /PRNewswire/ -- In anticipation of Hurricane Idalia, hurricane and tropical storm warnings have gone into effect for...
Mercury Insurance Ready to Assist Policyholders Impacted by Tropical Storm Idalia
Policyholders can report claims anytime online through Mercury's automated digital experience or through the claims hotline at 800-503-3724 LOS ANGELES , Aug. 29, 2023 /PRNewswire/ -- Mercury Insurance is ready to assist Floridians impacted by Tropical Storm Idalia with their...
Mercury Insurance Advises Homeowners to Prepare for Hurricane Hilary
Mercury offers tips to help policyholders protect their families and property before severe weather arrives LOS ANGELES , Aug. 18, 2023 /PRNewswire/ -- In anticipation of Hurricane Hilary, tropical storm watches have gone into effect for parts of Southern California, including...
Mercury General Corporation - Not A Lot To Be Excited About
Mercury General Corporation's share price has dropped nearly 25% in the last 12 months due to lackluster results and a poor margin profile. The company operates in the property and casualty insurance industry and has struggled to reach profitability since...
Source: https://incomestatements.info
Category: Stock Reports