Mercury General Corp. (MCY) reported that its first-quarter net income was $73.4 million or $1.34 per share up from $58.2 million or $1.06 per share for the same period in 2011.
Operating income was $39.1 million or $0.71 per share for the first quarter of 2012 compared to $39.6 million or $0.72 per share for the same period in 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.
Net premiums written were $658.3 million in the first quarter of 2012, essentially the same as the corresponding period in 2011. Revenues for the quarter rose to $722.68 million from $705.54 million in the prior year quarter. Three analysts had consensus revenue estimate of $679.46 million for the quarter.
The company said that its board declared a quarterly dividend of $0.61 per share. The dividend is to be paid on June 28, 2012 to shareholders of record on June 14, 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.