Mercury General Q4 net income rises 100% yr/yr

Reuters

Feb 18

Mercury General Q4 net income rises 100% yr/yr

Overview

Insurance provider's Q4 net income rose 100% yr/yr
Operating income for Q4 increased 31.6% yr/yr
Company reported 88.6% combined ratio for Q4, improved from 91.4% last year

Outlook

California homeowners insurance rate increase of 6.9% effective July 2026

Result Drivers

PREMIUM GROWTH - Net premiums written increased 8.6% in Q4, aided by a 6.9% rate increase in California homeowners line
REDUCED CATASTROPHE LOSSES - Q4 catastrophe losses decreased 53.7% yr/yr, with fewer wildfire and storm impacts
FAVORABLE RESERVE DEVELOPMENT - Favorable development on prior accident years' loss reserves contributed positively to results

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Premiums Written		$1.43 bln
Q4 Net Income		$202.55 mln
Q4 Combined Ratio		88.60%
Q4 Operating Income		$202.46 mln

Analyst Coverage

The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the property & casualty insurance peer group is "buy."
Wall Street's median 12-month price target for Mercury General Corp is $100.00, about 7% above its February 13 closing price of $93.47
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn5Fb7w8a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2612460404"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2612460404\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2612460404?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-18 05:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2612460404","market":"nz","top_or_hot":-1,"title":"Mercury General Q4 net income rises 100% yr/yr","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Mercury General Q4 net income rises 100% yr/yr</title></head><body><p><span>Overview</span></p><ul><li><p>Insurance provider's Q4 net income rose 100% yr/yr</p></li><li><p>Operating income for Q4 increased 31.6% yr/yr</p></li><li><p>Company reported 88.6% combined ratio for Q4, improved from 91.4% last year</p></li></ul><p><span>Outlook</span></p><ul><li><p>California homeowners insurance rate increase of 6.9% effective July 2026</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>PREMIUM GROWTH - Net premiums written increased 8.6% in Q4, aided by a 6.9% rate increase in California homeowners line</p></li><li><p>REDUCED CATASTROPHE LOSSES - Q4 catastrophe losses decreased 53.7% yr/yr, with fewer wildfire and storm impacts</p></li><li><p>FAVORABLE RESERVE DEVELOPMENT - Favorable development on prior accident years' loss reserves contributed positively to results</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q4 Premiums Written</p></td><td></td><td><p>$1.43 bln</p></td><td></td></tr><tr><td><p>Q4 Net Income</p></td><td></td><td><p>$202.55 mln</p></td><td></td></tr><tr><td><p>Q4 Combined Ratio</p></td><td></td><td><p>88.60%</p></td><td></td></tr><tr><td><p>Q4 Operating Income</p></td><td></td><td><p>$202.46 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The one available analyst rating on the shares is \"strong buy\"</p></li><li><p>The average consensus recommendation for the property &amp; casualty insurance peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for Mercury General Corp is $100.00, about 7% above its February 13 closing price of $93.47</p></li><li><p>The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago</p></li></ul><p>Press Release: <span>ID:nPn5Fb7w8a</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mercury General Q4 net income rises 100% yr/yr</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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casualty insurance peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for Mercury General Corp is $100.00, about 7% above its February 13 closing price of $93.47</p></li><li><p>The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago</p></li></ul><p>Press Release: <span>ID:nPn5Fb7w8a</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260217:nL1N3ZD0YF:1","article_id":"2612460404","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612460404","pubTimestamp":1771362855,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Mercury General Q4 net income rises 100% yr/yrOverviewInsurance provider's Q4 net income rose 100% yr/yrOperating income for Q4 increased 31.6% yr/yrCompany reported 88.6% combined ratio for Q4, impro","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4107":"财产与意外伤害保险","MCY":"默邱利通用"},"translate_title":"Mercury General第四季度净利润同比增长100%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCY":0.9},"content_text":"Mercury General Q4 net income rises 100% yr/yrOverviewInsurance provider's Q4 net income rose 100% yr/yrOperating income for Q4 increased 31.6% yr/yrCompany reported 88.6% combined ratio for Q4, improved from 91.4% last yearOutlookCalifornia homeowners insurance rate increase of 6.9% effective July 2026Result DriversPREMIUM GROWTH - Net premiums written increased 8.6% in Q4, aided by a 6.9% rate increase in California homeowners lineREDUCED CATASTROPHE LOSSES - Q4 catastrophe losses decreased 53.7% yr/yr, with fewer wildfire and storm impactsFAVORABLE RESERVE DEVELOPMENT - Favorable development on prior accident years' loss reserves contributed positively to resultsKey DetailsMetricBeat/MissActualConsensus EstimateQ4 Premiums Written$1.43 blnQ4 Net Income$202.55 mlnQ4 Combined Ratio88.60%Q4 Operating Income$202.46 mlnAnalyst CoverageThe one available analyst rating on the shares is \"strong buy\"The average consensus recommendation for the property & casualty insurance peer group is \"buy.\"Wall Street's median 12-month price target for Mercury General Corp is $100.00, about 7% above its February 13 closing price of $93.47The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months agoPress Release: ID:nPn5Fb7w8aFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}