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Mercury General Corporation

MCY Financial Insurance Property & Casualty

Mercury General Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, up 9.44% from fiscal 2024.

Revenue
−12.8%
EPS
−104.9%
Free cash flow
−25.6%
Total debt
−0.94%

Quarter to September 2026, against a year earlier

83.57 0.91 −1.08%
Market cap
$4.7B
P/E
7.3×
Fwd P/E
7.0×
Dividend yield
1.50%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Bought, $m 0.05
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 52.07%

Capital & Financial Ratios $m

Size
Market Cap 4,680.00
Revenue ttm 6,138.70
Net income ttm 642.78
Free cash flow ttm 1,156.82
Net debt Q (736.21)
Valuation
P/E 7.28
Forward P/E 6.98
Price / sales 0.76
Forward P/S Powerpack
Price / FCF 4.05
Price / book 1.67
Financial health
Current ratio Q 0.35
Debt / equity Q 0.20
Interest coverage Q (1.25)
Growth
Revenue growth Q −12.84% (below 0%: shrinking)
Operating income growth Q −103.55% (below 0%: shrinking)
EPS, this year +67.70% (at or above 15%: strong)
EPS, next year A −11.31% (below 0%: weak)
Revenue, next year A +4.46%
EPS, past 5 yrs +7.61%
EPS, next 5 yrs A +13.34%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 16.67%
10-year low 10-year high
P/S against its own 10 years 48.29%
10-year low 10-year high
P/B against its own 10 years 56.55%
10-year low 10-year high

Dividends

Yield
1.50%
Annual rate
1.27
Payout ratio
10.9%
Growth, 2017–25
−8.08%/yr
  1. 2.49 ’17
  2. 2.50 ’18 +0
  3. 2.51 ’19 +0
  4. 2.52 ’20 +0
  5. 2.53 ’21 +0
  6. 1.91 ’22 −25
  7. 1.27 ’23 −33
  8. 1.27 ’24 +0
  9. 1.27 ’25 +0
  10. 1.27 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 551 720 1,316 1,305
Receivables 718 849 1,015 1,058
Inventory — — — —
Other — — — —
1,269 1,569 2,330 2,363
2023 2024 2025 Q'26
Payables 4,697 5,610 6,338 6,735
ST’ Debt — — — —
Other — — — —
4,697 5,610 6,338 6,735

Compound Annual Growth %

10y 5y 3y
Sales 7.13% 9.63% 18.04%
Cash Flow 19.04% 12.41% 45.55%
Earnings 21.93% 7.63% 0.00%
Book Value 2.87% 3.53% 16.67%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.35 Actual 3.49

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.56 3.66 Beat by 1.10
Q1 FY26 2.15 3.50 Beat by 1.35
Q2 FY26 1.80 3.52 Beat by 1.72
Q3 FY26 3.35 3.49 Beat by 0.14
Q4 FY26 3.13 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.44 4.76 (0.25) — —
’25 (1.96) 3.01 5.06 3.66 9.77
’24 1.33 1.13 4.17 1.82 8.45
’23 (0.82) (0.75) (0.15) 3.46 1.74
’22 (3.56) (3.80) (1.78) (0.12) (9.26)
’21 1.93 1.97 0.02 0.55 4.48
’20 (2.51) 4.12 2.15 3.01 6.77
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,540 1,682 1,381 — —
’25 1,394 1,478 1,585 1,536 5,992
’24 1,274 1,305 1,530 1,366 5,476
’23 1,107 1,083 1,065 1,375 4,630
’22 805 786 900 1,152 3,643
’21 993 1,019 932 1,049 3,993
’20 708 1,006 999 1,072 3,785
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 326 218 387 — —
’25 (69) 372 496 288 1,087
’24 193 278 318 248 1,037
’23 18 87 122 225 453
’22 107 88 90 68 353
’21 175 143 111 74 502
’20 97 162 184 162 606
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 309 202 373 — —
’25 (82) 370 501 274 1,063
’24 182 266 319 236 1,004
’23 10 106 114 216 446
’22 98 80 81 58 317
’21 167 133 99 62 460
’20 87 153 174 152 566
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 21.7% a year for ten years. It grew −6.4% a year over the last ten.

Implied
21.7%
10 years, reported
−6.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,228 3,416 3,380 3,973 3,785 3,993 3,643 4,630 5,476 5,992 6,139 +7.1% 6,260 6,677 7,066 +5.6%
Gross margin, % 9.60 12.17 6.84 16.73 20.12 15.02 (10.26) 8.71 17.04 18.13 21.11 +8.5 pt
EBT 71 167 (31) 378 459 299 (671) 99 575 664 789 +28.2%
EBT margin, % 2.19 4.89 (0.91) 9.52 12.12 7.50 (18.41) 2.15 10.50 11.07 12.85 +8.9 pt
Net income 73 145 (6) 320 375 248 (513) 96 468 541 643 +24.9%
Per share, $
Per share, $ Revenue 58.42 61.75 61.08 71.77 68.36 72.12 65.79 83.61 98.89 108.19 110.83 +7.1%
Earnings 1.32 2.62 (0.10) 5.78 6.77 4.48 (9.26) 1.74 8.45 9.77 11.61 +24.9%
Cash flow 5.28 6.17 6.93 9.39 10.94 9.06 6.37 8.18 18.73 19.63 22.00 +15.7%
Capex (0.31) (0.24) (0.51) (0.72) (0.72) (0.75) (0.64) (0.13) (0.60) (0.44) (1.11) +4.0%
Free cash flow 4.97 5.93 6.42 8.66 10.22 8.31 5.73 8.06 18.13 19.19 20.89 +16.2%
Book value 31.72 31.84 29.23 32.51 36.72 38.66 27.49 27.96 35.15 43.64 50.64 +3.6%
Shares, m 55 55 55 55 55 55 55 55 55 55 55 0.0%
Valuation, ×
Valuation, × P/E 45.06 19.88 0.00 8.43 7.71 11.87 0.00 21.45 7.86 9.63 7.28 13.2
P/S 1.02 0.84 0.85 0.68 0.76 0.74 0.52 0.45 0.67 0.87 0.76 0.7
P/B 1.88 1.64 1.77 1.50 1.42 1.37 1.25 1.33 1.89 2.16 1.67 1.6
EV/Sales 1.05 0.87 0.86 0.70 0.77 0.75 0.55 0.45 0.65 0.75 — 0.7
EV/FCF 12.33 9.02 8.21 5.79 5.15 6.47 6.34 4.68 3.52 4.20 — 6.6
Cash, $m
Cash, $m Operating cash flow 292 341 383 520 606 502 353 453 1,037 1,087 1,219 +15.7%
Capex (17) (13) (28) (40) (40) (41) (36) (7) (33) (24) (62) +4.1%
Free cash flow 275 328 355 480 566 460 317 446 1,004 1,063 1,157 +16.2%
Balance, $m
Balance, $m Working capital (1,732) (1,853) (2,039) (2,396) (2,552) (2,868) (3,337) (3,427) (4,040) (4,008) (4,372) +9.8%
Net debt 100 80 57 78 24 37 109 23 (146) (741) (736) n/m
Shareholders’ equity 1,752 1,761 1,618 1,800 2,033 2,140 1,522 1,548 1,947 2,417 2,805 +3.6%
Returns, %
Returns, % ROA 1.55 2.93 (0.11) 5.65 6.13 3.79 (7.72) 1.41 6.07 6.06 6.52 +4.5 pt
ROIC 2.52 6.19 (0.51) 13.15 14.45 9.08 (25.05) 4.92 21.03 25.81 24.80 +23.3 pt
ROE 4.09 8.25 (0.34) 18.73 19.55 11.88 (28.00) 6.28 26.78 24.80 25.52 +20.7 pt
People
People Employees 4,200 4,300 4,400 4,500 4,300 4,300 4,300 4,100 4,200 4,300 — +0.3%
Revenue/emp, $m 0.77 0.79 0.77 0.88 0.88 0.93 0.85 1.13 1.30 1.39 — +6.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Mercury General Corporation is an insurance holding company headquartered in Los Angeles. Founded in 1961, it primarily sells personal automobile insurance through its insurance subsidiaries. It also writes homeowners, commercial automobile, commercial property, mechanical protection and umbrella insurance. Its customers include individual drivers and homeowners as well as commercial policyholders.

An auto policy can cover damage to a vehicle or property, bodily injury, personal injury protection, and losses involving uninsured or underinsured motorists. Homeowners coverage includes a dwelling, personal property and liability. Commercial automobile policies cover vehicles used for business, while umbrella policies provide liability coverage. The company also offers mechanical protection insurance in most states.

Mercury General Corporation vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
THG The Hanover Insurance Group, Inc. $8.6B 11.7× 11.6× +4.23% (above 0%: growing) +1.22% (above 0%: growing) −6.06% (below 0%: shrinking) 42.97% 13.27% Compare
RLI RLI Corp. $6.4B 16.2× 16.0× −6.34% (below 0%: shrinking) −34.81% (below 0%: shrinking) +8.17% (above 0%: growing) 29.66% 22.52% Compare
HGTY Hagerty, Inc. $6.3B 57.0× 77.9× −9.50% (below 0%: shrinking) +89.89% (above 0%: growing) +1.36% (above 0%: growing) 100.00% 30.77% Compare
SIGI Selective Insurance Group, Inc. $6.0B 12.2× 11.7× −2.49% (below 0%: shrinking) +14.05% (above 0%: growing) −12.67% (below 0%: shrinking) 42.49% 13.22% Compare
WTM White Mountains Insurance Group, Ltd. $5.5B 6.0× 5.1× −25.82% (below 0%: shrinking) n/m −0.75% (below 0%: shrinking) 0.00% 0.00% Compare
MCY Mercury General Corporation $4.7B 7.3× 7.0× −12.84% (below 0%: shrinking) n/m −25.62% (below 0%: shrinking) 7.63% (0.92%)
PLMR Palomar Holdings, Inc. $4.1B 20.2× 17.7× +54.65% (above 0%: growing) +14.94% (above 0%: growing) +38.21% (above 0%: growing) 23.77% 23.77% Compare
LMND Lemonade, Inc. $3.2B — (loss-making) — (loss-making) +72.80% (above 0%: growing) n/m −26.92% (below 0%: shrinking) 44.24% (12.85%) Compare
SLDE Slide Insurance Holdings, Inc. $3.1B 5.4× 6.9× +35.89% (above 0%: growing) +33.02% (above 0%: growing) −301.53% (below 0%: shrinking) 59.14% 45.24% Compare
Median of peers $5.7B 12.2× 11.7× +0.87% +14.50% −3.40% 42.73% 17.90%

All 46 Insurance Property & Casualty stocks →

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 46.91%
Held by the ten largest 29.84%
Holder Shares Stake Change
BlackRock 4.50m 8.12% +181.09k
Vanguard 3.24m 5.85% +80.67k
Dimensional Fund Advisors 2.16m 3.91% +13.50k
Rubric Capital Management LP 1.54m 2.78% −613.06k
State Street 1.16m 2.09% +60.87k
Geode Capital Management 961.22k 1.74% +207.09k
American Century 960.48k 1.73% +147.16k
RENAISSANCE TECHNOLOGIES LLC 781.68k 1.41% −41.90k
Invesco 646.24k 1.17% +73.56k
Arrowstreet Capital 575.88k 1.04% +980.00
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 31 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.59m 7.62m 213.25
2024 3.68m 4.35m 148.04
2023 1.70m 1.70m 81.22
2022 1.31m 1.35m 71.54
2021 1.70m 1.71m 106.18
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Mercury General Corporation (MCY) Latest News

4 Nov

Impact 3 · · Simply Wall St.

3 Nov

Impact 3 · · Associated Press
Impact 3 · · PR Newswire

29 Oct

Impact 3 · · PR Newswire

12 Oct

Impact 3 · · Zacks

28 Sep

Impact 3 · · Zacks

27 Sep

Impact 4 · · Simply Wall St.

25 Sep

Impact 4 · · Zacks
Impact 3 · · StockStory

22 Sep

Impact 3 · · PR Newswire

15 Sep

Impact 3 ·

11 Sep

Impact 3 ·
Impact 3 ·

26 Aug

Impact 3 ·

25 Aug

Impact 4 ·

13 Aug

Impact 3 ·

5 Aug

Impact 4 ·

4 Aug

Impact 4 ·
Impact 3 ·

27 Jul

Impact 3 ·

2 Jul

Impact 3 ·

18 Jun

Impact 3 ·

13 Jun

Impact 3 ·

11 Jun

Impact 3 ·

25 May

Impact 3 · · Zacks

20 May

Impact 4 · · Zacks

19 May

Impact 3 · · Simply Wall St.

14 May

Impact 4 · · Zacks

12 May

Impact 4 · · PR Newswire

7 May

Impact 4 ·

MCY metrics, ten years each

stockrow.com/MCY · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com