Saturday 17 October 2026 Export MCY’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 13.8%, EPS grew 58.1%, free cash flow fell 45.5% and total debt rose 64.3%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.

102.80 1.01 +0.99%

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Market cap: $5.6B
P/E: 6.1×
Fwd P/E: 8.7×
Dividend yield: 1.24%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 52.07%

Capital & Financial Ratios $m

Market Cap 5,640.00

Revenue 6,342.28

Net Income 936.87

Free Cash Flow 1,285.19

Net Debt (757.08)

Current Ratio 0.42

Debt/Equity 0.33

P/E ratio 6.08

Fwd P/E 8.69

P/S ratio 0.90

P/B ratio 2.01

Past 5Y EPS Growth 7.61%

This Y EPS Growth 67.70%

Next Y EPS Growth (11.31%)

Next Y revenue growth 4.46%

Next 5Y EPS Growth 13.34%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 5.43%

10-year low 10-year high

P/S against its own 10 years 77.33%

10-year low 10-year high

P/B against its own 10 years 88.57%

10-year low 10-year high

Dividends

Payout Ratio 0.08

Annual Dividend Rate 1.27

Annual Dividend Yield 1.24%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.27	0.32 0.32 0.32
2025	1.27	0.32 0.32 0.32 0.32
2024	1.27	0.32 0.32 0.32 0.32
2023	1.27	0.32 0.32 0.32 0.32
2022	1.91	0.64 0.64 0.32 0.32
2021	2.53	0.63 0.63 0.63 0.64
2020	2.52	0.63 0.63 0.63 0.63
2019	2.51	0.63 0.63 0.63 0.63
2018	2.50	0.63 0.63 0.63 0.63
2017	2.49	0.62 0.62 0.62 0.63
2016	2.48	0.62 0.62 0.62 0.62

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	551	720	1,316	1,701
Receivables	718	849	1,015	1,020
Inventory	—	—	—	—
Other	—	—	—	—
	1,269	1,569	2,330	2,721

	2023	2024	2025	Q'26
Payables	4,697	5,610	6,338	6,512
ST’ Debt	—	—	—	—
Other	—	—	—	—
	4,697	5,610	6,338	6,512

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,540	1,682	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	3.44	4.76	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	42.97	51.87	41.40	46.69	33.45	50.37	27.89	26.15	36.96	44.19	Analyst estimates 2026–2028 Powerpack
	High	61.19	64.52	61.83	65.22	55.71	67.88	56.94	40.32	80.72	96.50
People
People	Employees	4,200	4,300	4,400	4,500	4,300	4,300	4,300	4,100	4,200	4,300
	Revenue/emp, $m	0.77	0.79	0.77	0.88	0.88	0.93	0.85	1.13	1.30	1.39
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
	Gross margin, %	9.60	12.17	6.84	16.73	20.12	15.02	(10.26)	8.71	17.04	18.13
	EBT	71	167	(31)	378	459	299	(671)	99	575	664
	EBT margin, %	2.19	4.89	(0.91)	9.52	12.12	7.50	(18.41)	2.15	10.50	11.07
	Net income	73	145	(6)	320	375	248	(513)	96	468	541
	Depreciation	53	55	59	65	68	79	82	72	73	75
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
	Earnings	1.32	2.62	(0.10)	5.78	6.77	4.48	(9.26)	1.74	8.45	9.77
	Cash flow	5.28	6.17	6.93	9.39	10.94	9.06	6.37	8.18	18.73	19.63
	Capex	(0.31)	(0.24)	(0.51)	(0.72)	(0.72)	(0.75)	(0.64)	(0.13)	(0.60)	(0.44)
	Free cash flow	4.97	5.93	6.42	8.66	10.22	8.31	5.73	8.06	18.13	19.19
	Book value	31.72	31.84	29.23	32.51	36.72	38.66	27.49	27.96	35.15	43.64
	Shares, m	55	55	55	55	55	55	55	55	55	55
Valuation, ×
Valuation, ×	P/E	45.06	19.88	0.00	8.43	7.71	11.87	0.00	21.45	7.86	9.63
	P/S	1.02	0.84	0.85	0.68	0.76	0.74	0.52	0.45	0.67	0.87
	P/B	1.88	1.64	1.77	1.50	1.42	1.37	1.25	1.33	1.89	2.16
	EV/Sales	1.05	0.87	0.86	0.70	0.77	0.75	0.55	0.45	0.65	0.75
	EV/FCF	12.33	9.02	8.21	5.79	5.15	6.47	6.34	4.68	3.52	4.20
Cash, $m
Cash, $m	Operating cash flow	292	341	383	520	606	502	353	453	1,037	1,087
	Capex	(17)	(13)	(28)	(40)	(40)	(41)	(36)	(7)	(33)	(24)
	Free cash flow	275	328	355	480	566	460	317	446	1,004	1,063
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)
	Total debt	320	371	372	372	373	373	398	574	574	575
	Net debt	100	80	57	78	24	37	109	23	(146)	(741)
	Shareholders’ equity	1,752	1,761	1,618	1,800	2,033	2,140	1,522	1,548	1,947	2,417
Returns, %
Returns, %	ROA	1.55	2.93	(0.11)	5.65	6.13	3.79	(7.72)	1.41	6.07	6.06
	ROIC	2.52	6.19	(0.51)	13.15	14.45	9.08	(25.05)	4.92	21.03	25.81
	ROE	4.09	8.25	(0.34)	18.73	19.55	11.88	(28.00)	6.28	26.78	24.80

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KNSL Kinsale Capital Group, Inc.	$8.1B	14.7×	15.2×	+16.75% (above 0%: growing)	+33.51% (above 0%: growing)	−5.14% (below 0%: shrinking)	40.91%	40.68%	Compare
THG The Hanover Insurance Group, Inc.	$8.0B	11.0×	10.4×	+4.34% (above 0%: growing)	+27.21% (above 0%: growing)	+2.20% (above 0%: growing)	44.24%	14.75%	Compare
MCY Mercury General Corporation	$5.6B	6.1×	8.7×	+13.80% (above 0%: growing)	+58.14% (above 0%: growing)	−45.52% (below 0%: shrinking)	27.24%	19.93%
RLI RLI Corp.	$5.5B	12.8×	19.5×	+15.15% (above 0%: growing)	+35.82% (above 0%: growing)	−17.87% (below 0%: shrinking)	43.61%	36.86%	Compare
HGTY Hagerty, Inc.	$5.3B	95.6×	— (loss-making)	−6.46% (below 0%: shrinking)	n/m	+238.74% (above 0%: growing)	100.00%	18.38%	Compare
SIGI Selective Insurance Group, Inc.	$5.2B	11.1×	11.4×	+4.54% (above 0%: growing)	+55.15% (above 0%: growing)	+34.56% (above 0%: growing)	41.15%	12.69%	Compare
WTM White Mountains Insurance Group, Ltd.	$5.1B	4.9×	5.1×	+22.55% (above 0%: growing)	+68.75% (above 0%: growing)	−131.27% (below 0%: shrinking)	54.44%	32.51%	Compare
PLMR Palomar Holdings, Inc.	$3.6B	18.2×	13.7×	+54.65% (above 0%: growing)	+14.94% (above 0%: growing)	+38.21% (above 0%: growing)	23.77%	23.77%	Compare
LMND Lemonade, Inc.	$3.6B	— (loss-making)	— (loss-making)	+79.40% (above 0%: growing)	n/m	−335.29% (below 0%: shrinking)	47.69%	(14.20%)	Compare
Median of peers	$5.2B	12.8×	12.6×	+15.95%	+34.67%	−1.47%	43.93%	21.08%

All 45 Insurance Property & Casualty stocks →