MERCURY GENERAL CORP(MCY)— Stock Profile, AI Score & Financials
Financials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
MERCURY GENERAL CORP (MCY) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores MCY at 76.6/100 on a 32-signal composite quality model, placing it at rank #81 of 2,960 stocks — the top 5% of the AI-ranked universe. MCY scores in the top quartile across balance sheet strength (84.6), revenue scale (81.2), profitability (78.8). Areas of concern include institutional flow (24.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), MERCURY GENERAL CORP reports quarterly revenue of $1.7B, net income of $263.5M, an operating margin of 19.5%. Top institutional holders of MCY by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. MCY trades on the NYSE exchange and files with the SEC under CIK 64996. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MCY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MERCURY GENERAL CORP directly from SEC EDGAR.
AI Quality Score
76.6/100
AI Rank
#81
Revenue
$1.7B
Net Income
$263.5M
Operating Margin
19.5%
MCY key financials by period
MERCURY GENERAL CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$6.0B
$541.1M
11.1%
FY 2024
10-K
$5.5B
$468.0M
10.5%
FY 2023
10-K
$4.6B
$96.3M
2.1%
FY 2022
10-K
$3.6B
$-512.7M
-18.4%
FY 2021
10-K
$4.0B
$247.9M
7.5%
FY 2020
10-K
$3.8B
$374.6M
12.1%
Institutions holding MCY
Institutional investors reporting a position in MERCURY GENERAL CORP on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-04 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 net premiums earned rose 9.6% to $1,497.8M and the combined ratio improved to 89.9% from 92.5%, lifting net income to $263.5M ($4.76/share).
Biggest Revenue Drivers
Net premiums earned$1,497.8M+9.6% YoY
Rate increase in California homeowners and more policies written in California automobile and homeowners lines, partly offset by higher ceded premiums earned
Net investment income$89.8M
Higher average invested assets ($6.89B versus $5.70B), though pre-tax yield fell to 4.5% on more tax-exempt holdings
Biggest Revenue Drivers
Total revenue: $1.68B+13.8% YoY
Net premiums earned$1,497.8M+9.6% YoY
Rate increase in California homeowners and more policies written in California automobile and homeowners lines, partly offset by higher ceded premiums earned
Within Net premiums earned
Private passenger automobile$917.6M
The Company's primary line of insurance business
Homeowners$386.9M
California DOI-approved 12% homeowners rate increase effective March 2025
Net investment income$89.8M
Higher average invested assets ($6.89B versus $5.70B), though pre-tax yield fell to 4.5% on more tax-exempt holdings
Net realized investment gains$86.5M
Improvement in overall market conditions for fixed maturity securities and overall improvement in equity markets
Largest Expense Items
Losses and loss adjustment expenses$973.3M
Included ~$71M of catastrophe losses net of reinsurance from Texas and Oklahoma storms, offset by ~$35M favorable prior-year development
Policy acquisition costs$250.3M
Deferred acquisition cost amortization of $250.3 million versus $227.9 million a year earlier
Other operating expenses$122.9M
Increases in profitability-based accruals and advertising expenses; share-based compensation was $8.7M versus $3.3M
Interest$7.9M
Notes payable rose to $943.8M after issuing $525M of 6.25% senior notes on June 12, 2026
Margins: Combined ratio improved to 89.9% from 92.5%; loss ratio fell to 65.0% from 68.8% on rate increases and lower auto frequency, while the expense ratio rose to 24.9% from 23.7%.
Watch Items from the Filing
California accounted for 82.4% of direct premiums written in the first half of 2026, up from 80.9%, concentrating wildfire and regulatory exposure.
Eaton fire subrogation receivable of ~$562M, roughly 55% of estimated ultimate losses, depends on recovery from Southern California Edison, which has not admitted causation.
Q2 catastrophe losses of ~$71M net of reinsurance plus ~$4M unfavorable prior-year catastrophe development; first-half wildfire losses rose $79.8M on partial-loss claims.
Notes payable rose to $943.8M from $574.5M after issuing $525M of 6.25% notes; $375M of 4.40% notes were redeemed July 13, 2026, at a ~$0.5M loss.
New California rating plan effective July 2026 adds a 6.9% homeowners increase but requires aligning wildfire-area market share to 85% of statewide share.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
