Mercury General Reports Q4 Profit of $101.1 Million
LOS ANGELES, Calif. - Mercury General Corp. (MCY) reported a profit of $101.1 million in its fourth quarter, a 1.16% decrease year-over-year. On a per-share basis, the company earned $1.82.
Excluding investment costs, earnings came in at $2.78 per share. Revenue for the period totaled $1.37 billion, with adjusted revenue reaching $1.43 billion.
For the full year, Mercury General reported a profit of $468 million, or $8.45 per share. Revenue for the year amounted to $5.39 billion.