What is the 13F Pro Quality Score for MCY?

13F Pro ranks MERCURY GENERAL CORP (MCY) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MCY's current score at https://13fpro.ai/research/MCY (free sign-up required for the full ranking).

Which hedge funds own the most MCY stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of MCY include BlackRock,, Rubric Capital Management, DIMENSIONAL FUND ADVISORS. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/MCY as soon as new 13F filings post.

Where does 13F Pro source MCY data?

All MERCURY GENERAL CORP fundamentals and ownership data come directly from SEC EDGAR. MERCURY GENERAL CORP files with the SEC under CIK 64996. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MCY in?

MERCURY GENERAL CORP (MCY) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives MCY's revenue?

Per MERCURY GENERAL CORP's latest 10-Q filed with the SEC on 2026-05-05, the biggest revenue drivers are: Net premiums earned ($1,452.4M, +13.2% YoY); Net investment income ($85.6M, +5.1% YoY); Net realized investment losses ($(4.5)M, vs. +$23.3M in prior year). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/MCY.

What are MCY's largest expenses?

MERCURY GENERAL CORP's latest 10-Q reports these as the largest expense items: Policy acquisition costs ($240.5M, +5.1% YoY); Other operating expenses ($123.9M, +55.9% YoY); Interest expense ($6.8M, -5.2% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is MCY research updated on 13F Pro?

MCY's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MERCURY GENERAL CORP(MCY)Stock Analysis

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13F Pro Quality Score

70.4/100

Rank #312 of 2,879 stocksTOP 25%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

81.0/100

Profitability

99.4/100

Balance Sheet

72.6/100

Earnings Quality

30.0/100

Free Cash Flow

99.6/100

Institutional Flow

34.3/100

Revenue Scale

7.3/100

Dilution Risk

84.4/100

MCY Stock Analysis & AI Quality Score

AI stock analysis and institutional research for MERCURY GENERAL CORP (MCY), a Financials sector company. 13F Pro's AI-powered ranking engine scores MCY at 70.4/100 on a 32-signal composite quality model, placing it at rank #312 of 2,879 stocks — the top 25% of the AI-ranked universe. MCY scores in the top quartile across free cash flow (99.6), profitability (99.4), revenue growth (81.0). Areas of concern include revenue scale (7.3) and earnings quality (30.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), MERCURY GENERAL CORP reports quarterly revenue of $1.5B, net income of $190.4M, an operating margin of 15.3%. Top institutional holders of MCY by reported 13-F value include BlackRock,, Rubric Capital Management, DIMENSIONAL FUND ADVISORS, 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. MERCURY GENERAL CORP's 13F Pro composite quality score has ranged between 50 and 79 since 2021, currently 70.4 — a stable long-term trajectory across 28 quarterly and live scoring snapshots.

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Fun facts about MERCURY GENERAL CORP

Quirks, history, and lore behind MCY — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. property and casualty insurer · mid-cap · listed on the NYSE · headquartered in Los Angeles, California.
2
The Numbers
Annual revenue in the low billions, with a business concentrated almost entirely in personal automobile insurance — not a diversified conglomerate, just cars.
3
The History
Founded in 1961, it grew steadily as a California-focused auto insurer before expanding to a handful of other states over the following decades.
4
The Secret
The Bhansali family has maintained controlling influence over the company for decades, making it one of the more founder-family-controlled insurers still trading publicly.
5
The Lore
It's one of the largest personal auto insurers in California — a state so litigious and wildfire-scorched that just doing business there is its own extreme sport.
6
The Giveaway
Named after the fastest planet in the solar system, this California auto insurer trades under the ticker MCY — and no, it has nothing to do with Freddie.

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What's Driving MCY's Business? Latest 10-Q Breakdown

AI-extracted from MERCURY GENERAL CORP's 10-Q filed 2026-05-05 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Mercury General swung to $190.4M net income in Q1 2026 from $108.3M loss in Q1 2025, driven by 13.2% growth in net premiums earned and improved underwriting with 89.3% combined ratio.

Biggest Revenue Drivers

Total revenue: $1,539.8M+10.4% YoY

Net premiums earned$1,452.4M+13.2% YoY

Rate increase in California homeowners line and increases in number of policies written in California automobile and homeowners lines, combined with decreases in ceded premiums earned.

Net investment income$85.6M+5.1% YoY

Higher average invested assets, partially offset by lower yields on floating rate investments due to lower short-term market interest rates.

Net realized investment losses$(4.5)Mvs. +$23.3M in prior year

Decrease in fair value of fixed maturity securities primarily from increases in market interest rates.

Largest Expense Items

Policy acquisition costs$240.5M+5.1% YoY

Amortization of acquisition costs increased with higher earned premiums.

Other operating expenses$123.9M+55.9% YoY

Increases in profitability-based accruals and advertising expenses of $16.0M in Q1 2026 vs. $5.5M in Q1 2025.

Interest expense$6.8M-5.2% YoY

Modest decline in interest costs on outstanding debt.

Margins: Combined ratio improved dramatically to 89.3% in Q1 2026 from 119.2% in Q1 2025, reflecting the absence of Palisades/Eaton wildfire losses, rate increases, and favorable claims development. Loss ratio declined to 64.2% from 95.1%, though offset partially by expense ratio increase to 25.1% from 24.0% due to higher advertising and profitability-based accruals.

Watch Items from the Filing

Palisades and Eaton wildfires: Company recorded $448.9M net losses through Q1 2026, with $559M estimated subrogation recovery against Southern California Edison (55% of ultimate loss estimate). Unfavorable development of $57M on prior year catastrophe losses in Q1 2026.
California regulatory requirements: New catastrophe modeling and reinsurance cost regulations effective July 2026 require Company to maintain at least 85% market share in distressed wildfire-prone areas (potentially increasing to 90%+ by 2029). May limit underwriting flexibility.
Catastrophe reinsurance costs increased significantly: Annual reinsurance premium for treaty year ending June 30, 2026 is $237M vs. $105M for prior year, driven by higher coverage ($2,140M vs. $1,290M) and rate increases from reinsurers.
Strong premium growth: Net premiums written increased 17.9% YoY to $1,550.1M, driven by California homeowners (12% rate increase effective March 2025, 6.9% more expected July 2026) and growth in automobile lines.
Geographic and line concentration: California represents 82.9% of direct premiums written; private passenger auto is 59.8%, homeowners is 26.5%. Homeowners catastrophe exposure elevated despite reinsurance.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$1.5B

Net Income

Q1 2026

$190.4M

Free Cash Flow

Q1 2026

$308.8M

Operating Margin

Q1 2026

15.3%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+9.4% YoY

$5.99BFY 2025

FY22 $3.64BFY23 $4.63BFY24 $5.48BFY25 $5.99B

Net Income

+15.6% YoY

$541.1MFY 2025

FY22 $-512.7MFY23 $96.3MFY24 $468.0MFY25 $541.1M

EPS (Diluted)

+15.6% YoY

$9.77FY 2025

FY22 $-9.26FY23 $1.74FY24 $8.45FY25 $9.77

Total Assets

+15.0% YoY

$9.56BFY 2025

FY22 $6.51BFY23 $7.10BFY24 $8.31BFY25 $9.56B

Total Debt

+0.0% YoY

$575.0MFY 2025

FY22 $400.0MFY23 $575.0MFY24 $575.0MFY25 $575.0M

Op. Cash Flow

+4.8% YoY

$1.09BFY 2025

FY22 $352.6MFY23 $453.0MFY24 $1.04BFY25 $1.09B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$5.99B +9.4%	$5.48B +18.3%	$4.63B +27.1%	$3.64B -8.8%	$3.99B +5.5%	$3.78B
Net Income	$541.1M +15.6%	$468.0M +385.8%	$96.3M +118.8%	$-512.7M -306.8%	$247.9M -33.8%	$374.6M
EPS (Diluted)	$9.77 +15.6%	$8.45 +385.6%	$1.74 +118.8%	$-9.26 -306.7%	$4.48 -33.8%	$6.77
Total Assets	$9.56B +15.0%	$8.31B +17.0%	$7.10B +9.0%	$6.51B -3.8%	$6.77B +7.0%	$6.33B
Total Debt	$575.0M +0.0%	$575.0M +0.0%	$575.0M +43.8%	$400.0M +6.7%	$375.0M +0.0%	$375.0M
Operating Cash Flow	$1.09B +4.8%	$1.04B +128.9%	$453.0M +28.5%	$352.6M -29.7%	$501.6M -17.2%	$605.6M

AI Insight: MCY Financial Trends

Mercury General's operating cash flow surged to $496M in Q3 2025 and net income hit $280M — the strongest quarter in the 8-period dataset — despite a sharp Q1 2025 loss of $108M from California wildfire exposure.

• Revenue grew steadily from $1,305M in Q2 2024 to $1,585M in Q3 2025, a 21% increase over five quarters.

• Operating cash flow recovered sharply: from -$69M in Q1 2025 to $496M in Q3 2025, then settled at $326M in Q1 2026.

• Net income swung from -$108M in Q1 2025 to $190M in Q1 2026, suggesting underwriting normalization post-wildfire losses.

• Total debt held flat at $575M in both Q4 2024 and Q4 2025, indicating no additional leverage was added over the year.

⚠ Q1 2025's $108M net loss and -$69M operating cash flow flag meaningful catastrophe-event vulnerability; California exposure remains a recurring risk.

⚠ Revenue dipped from $1,585M in Q3 2025 to $1,536M in Q4 2025, a modest sequential pullback worth monitoring for trend reversal.

⚠ Equity and operating income data are unavailable across all periods, limiting full assessment of capital efficiency and underwriting profitability.

AI Insight: MCY Ratio Trends

MCY staged a sharp profitability recovery through 2025 after a Q1 2025 loss, but momentum is fading as margins soften into Q1 2026.

• Operating margin swung from -10.2% in Q1 2025 to a peak of 22.1% in Q3 2025, a 32pp recovery within two quarters.

• Operating margin has since declined three consecutive quarters: 22.1% in Q3 2025, 16.2% in Q4 2025, 15.3% in Q1 2026.

• ROA followed the same arc, peaking at 12.0% in Q3 2025 before retreating to 7.7% in Q1 2026.

• TTM net profit margin of 13.7% and ROA of 8.5% confirm underlying profitability remains solidly positive on a full-year basis.

⚠ Three straight quarters of margin compression post-Q3 2025 peak warrant monitoring for structural underwriting cost pressure.

⚠ Q1 2025's -10.2% operating margin loss was a sharp one-quarter shock; watch for similar seasonal or catastrophe-driven disruptions in Q1 2026 actuals.

⚠ D/E, ROE, and ROIC are almost entirely absent across quarters, limiting leverage and capital-efficiency assessment.

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Available Research

13F Pro tracks comprehensive data for MERCURY GENERAL CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MCY

BlackRock, Inc.
$380.6M4,317,164 sh
Rubric Capital Management LP
$189.9M2,154,504 sh
DIMENSIONAL FUND ADVISORS LP
$189.5M2,149,647 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$151.4M1,717,862 sh
VANGUARD CAPITAL MANAGEMENT LLC
$108.1M1,226,459 sh
STATE STREET CORP
$96.9M1,099,091 sh
RENAISSANCE TECHNOLOGIES LLC
$72.6M823,582 sh
AMERICAN CENTURY COMPANIES INC
$71.7M813,320 sh
GEODE CAPITAL MANAGEMENT, LLC
$66.5M754,127 sh
DG Capital Management, LLC
$52.4M594,377 sh

Fund	Value	Shares
BlackRock, Inc.	$380.6M	4,317,164
Rubric Capital Management LP	$189.9M	2,154,504
DIMENSIONAL FUND ADVISORS LP	$189.5M	2,149,647
VANGUARD PORTFOLIO MANAGEMENT LLC	$151.4M	1,717,862
VANGUARD CAPITAL MANAGEMENT LLC	$108.1M	1,226,459
STATE STREET CORP	$96.9M	1,099,091
RENAISSANCE TECHNOLOGIES LLC	$72.6M	823,582
AMERICAN CENTURY COMPANIES INC	$71.7M	813,320
GEODE CAPITAL MANAGEMENT, LLC	$66.5M	754,127
DG Capital Management, LLC	$52.4M	594,377

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Is MCY a good stock to buy?

13F Pro's AI-powered analysis of MERCURY GENERAL CORP (MCY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MCY are available on the MCY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MCY?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MCY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MERCURY GENERAL CORP's investment landscape.