Mercury General Corp. (MCY), an insurance organization, on Tuesday reported higher net income in the fourth quarter compared with the previous year. The company also declared a dividend.
For the fourth quarter, net income surged to $202.55 million from $101.07 million in the prior year.
Earnings per share were $3.66 versus $1.83 last year.
Operating income jumped to $202.46 million from $153.89 million in the same period last year.
Revenue increased to $1.54 billion from $1.37 billion in the previous year.
For the fourth quarter, net premiums earned $1.45 billion from $1.35 billion in the previous year.
Net premiums written increased to $1.490 billion from $1.35 billion in the same period a year ago.
Combined ratio for the period decreased 2.8 percent to 88.6% from 91.4% last year.
Further, the board declared a quarterly dividend of $0.3175 per share, payable on March 26, to shareholders of record on March 12.
On Tuesday, Mercury General closed at $96.19, 2.72 cents higher on the New York Stock Exchange. In the after-market hours, the stock traded 0.71 cents higher before ending the trade at $96.90.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
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.