Mercury General Corporation (MCY) 10-Year Financial Performance & Capital Metrics

MCY • • Insurance & Managed Care

Financial ServicesProperty & Casualty InsurancePersonal Lines InsuranceRegional Personal Lines

AboutMercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, fire, and other hazards. The company sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was founded in 1961 and is headquartered in Los Angeles, California.Show more

Revenue $5.48B +18.3%
Combined Ratio 89.5% -8.5%
Net Income $468M +385.8%
Return on Equity 26.78% +326.8%
Medical Cost Ratio 82.96% -9.1%
Operating Margin 10.5% +388.9%
Net Margin 8.55% +310.7%
ROA 6.07% +329.1%
Equity / Assets 23.42% +7.5%
Book Value per Share 35.15 +25.7%
Tangible BV/Share 34.24 +26.6%
Debt/Equity 0.30 -20.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 89.5% combined ratio
✓Strong Piotroski F-Score: 8/9

✗Weaknesses

✗Weak 3Y average ROE of 1.7%
✗High loss ratio of 83.0%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.16%

5Y6.63%

3Y11.1%

TTM6.18%

Profit (Net Income) CAGR

10Y10.15%

5Y7.89%

3Y23.58%

TTM-21.26%

EPS CAGR

10Y10.09%

5Y7.89%

3Y23.55%

TTM-21.41%

ROCE

10Y Avg2.33%

5Y Avg2.12%

3Y Avg-0.49%

Latest7.48%

Peer Comparison

Regional Personal Lines

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NODKNI Holdings, Inc.	274.26M	13.31	55.46	6.97%	0.87%	1.06%	13.68%
HMNHorace Mann Educators Corporation	1.74B	42.88	17.29	8.21%	10.24%	11.39%	25.91%	0.42
SAFTSafety Insurance Group, Inc.	1.14B	76.49	16.00	19.85%	7.13%	9.7%	10.91%	0.06
UFCSUnited Fire Group, Inc.	912.14M	35.75	14.96	13.98%	8.22%	12.38%	36.01%	0.15
DGICADonegal Group Inc.	608.25M	19.58	12.80	6.71%	8.72%	13.73%	11.09%	0.06
MCYMercury General Corporation	5.06B	91.39	10.82	18.27%	7.55%	19.69%	19.58%	0.30
KINSKingstone Companies, Inc.	225.09M	15.91	10.75	7.6%	14.2%	0.02%	24.71%	0.17
KMPRKemper Corporation	2.26B	38.61	7.86	-5.74%	5.14%	9.14%	14.59%	0.50

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	3.01B	3.23B	3.42B	3.38B	3.97B	3.78B	3.99B	3.64B	4.63B	5.48B
Revenue Growth %	-0%	0.07%	0.06%	-0.01%	0.18%	-0.05%	0.06%	-0.09%	0.27%	0.18%
Medical Costs & Claims+	2.68B	2.92B	3B	3.15B	3.31B	3.02B	3.39B	4.02B	4.23B	4.54B
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	324.57M	310M	415.73M	231.05M	664.41M	761.38M	599.82M	-373.76M	403.25M	932.86M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.35%	-0.04%	0.34%	-0.44%	1.88%	0.15%	-0.21%	-1.62%	2.08%	1.31%
Operating Expenses+	254.01M	239.28M	248.64M	261.67M	286.34M	302.88M	300.51M	296.95M	303.82M	357.98M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	47.84M	53.26M	55.34M	58.79M	64.73M	68.46M	79.06M	82.39M	72.24M	73.43M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	70.57M	70.72M	167.09M	-30.61M	378.07M	458.5M	299.31M	-670.72M	99.43M	574.88M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.71%	0%	1.36%	-1.18%	13.35%	0.21%	-0.35%	-3.24%	1.15%	4.78%
EBITDA+	118.41M	123.98M	222.43M	28.18M	442.8M	526.96M	378.36M	-588.33M	171.67M	648.31M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	3.17M	3.96M	15.17M	17.04M	17.04M	17.05M	17.11M	17.23M	24.17M	30.82M
Non-Operating Income	-3.17M	-3.96M	-15.17M	-17.04M	-17.04M	-17.05M	-17.11M	-17.23M	-24.17M	-30.82M
Pretax Income+	70.57M	70.72M	167.09M	-30.61M	378.07M	458.5M	299.31M	-670.72M	99.43M	574.88M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-3.91M	-2.32M	22.21M	-24.89M	57.98M	83.89M	51.37M	-158.04M	3.09M	106.93M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	74.48M	73.04M	144.88M	-5.73M	320.09M	374.61M	247.94M	-512.67M	96.34M	467.95M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.58%	-0.02%	0.98%	-1.04%	56.88%	0.17%	-0.34%	-3.07%	1.19%	3.86%
EPS (Diluted)+	1.35	1.32	2.62	-0.10	5.78	6.77	4.48	-9.26	1.74	8.45
EPS Growth %	-0.58%	-0.02%	0.98%	-1.04%	58.8%	0.17%	-0.34%	-3.07%	1.19%	3.86%
EPS (Basic)	1.35	1.32	2.62	-0.10	5.78	6.77	4.48	-9.26	1.74	8.45
Diluted Shares Outstanding	55.21M	55.3M	55.33M	55.34M	55.36M	55.36M	55.37M	55.37M	55.37M	55.38M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	4.63B	4.79B	5.1B	5.43B	5.89B	6.33B	6.77B	6.51B	7.1B	8.31B
Asset Growth %	0.01%	0.03%	0.07%	0.07%	0.08%	0.07%	0.07%	-0.04%	0.09%	0.17%
Total Investment Assets+	3.57B	3.55B	3.73B	3.77B	4.81B	4.73B	5.14B	5.03B	5.23B	6.36B
Long-Term Investments	3.38B	3.55B	3.73B	3.77B	4.31B	4.73B	5.14B	4.91B	5.23B	6.08B
Short-Term Investments	185.28M	375.68M	302.71M	253.3M	494.13M	375.61M	140.13M	122.94M	178.49M	283.82M
Total Current Assets+	449.5M	596M	594.12M	1.39B	1.49B	0	0	978.82M	0	1.41B
Cash & Equivalents	264.22M	220.32M	291.41M	314.29M	294.4M	348.48M	335.56M	289.78M	550.9M	720.26M
Receivables	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	1.56B	-1.37B	-1.16B	1.25B	-1.39B	-374.55M
Goodwill & Intangibles+	74.5M	68.42M	63.52M	58.33M	53.43M	54.12M	53.05M	52.01M	51.13M	50.48M
Goodwill	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M
Intangible Assets	31.7M	25.63M	20.73M	15.53M	10.64M	11.32M	10.26M	9.21M	8.33M	7.68M
PP&E (Net)	157.13M	155.91M	145.22M	153.02M	213.9M	219.48M	223.3M	191.63M	165.59M	151.58M
Other Assets	-3.38B	-3.55B	-3.73B	-13.34M	-27.96M	-5B	-5.42B	-4.91B	-5.45B	-6.21B
Total Liabilities	2.81B	3.04B	3.34B	3.82B	4.09B	4.3B	4.63B	4.99B	5.56B	6.36B
Total Debt+	290M	320M	371.33M	371.73M	420.13M	416.36M	407.51M	420.25M	587.96M	587.71M
Net Debt	25.78M	99.68M	79.92M	57.44M	125.73M	67.88M	71.95M	130.48M	37.06M	-132.55M
Long-Term Debt	290M	320M	371.33M	371.73M	372.13M	372.53M	372.93M	398.33M	573.73M	574.13M
Short-Term Debt	0	0	0	0	0	0	0	11.34M	0	0
Total Current Liabilities+	9.04M	9.96M	61.26M	115.07M	143.32M	0	0	206.82M	0	20.75M
Accounts Payable	122.57M	112.33M	108.25M	115.07M	143.32M	194.42M	169.13M	151.69M	175.22M	242.12M
Deferred Revenue	0	0	0	0	27.96M	0	0	42.9M	0	0
Other Current Liabilities	-122.57M	-122.3M	-108.25M	-115.07M	-27.96M	-204.85M	-169.13M	893K	-175.22M	-242.12M
Deferred Taxes	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	0	0
Other Liabilities	2.52B	2.72B	2.97B	3.41B	0	-457.49M	-461.08M	4.47B	-587.96M	5.77B
Total Equity+	1.82B	1.75B	1.76B	1.62B	1.8B	2.03B	2.14B	1.52B	1.55B	1.95B
Equity Growth %	-0.03%	-0.04%	0.01%	-0.08%	0.11%	0.13%	0.05%	-0.29%	0.02%	0.26%
Shareholders Equity	1.82B	1.75B	1.76B	1.62B	1.8B	2.03B	2.14B	1.52B	1.55B	1.95B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Retained Earnings	1.72B	1.66B	1.66B	1.52B	1.7B	1.93B	2.04B	1.42B	1.45B	1.85B
Common Stock	90.98M	95.53M	97.52M	98.03M	98.83M	98.97M	98.94M	98.95M	98.95M	99.7M
Accumulated OCI	99.86M	0	0	0	0	0	0	0	0	0
Return on Equity (ROE)	0.04%	0.04%	0.08%	-0%	0.19%	0.2%	0.12%	-0.28%	0.06%	0.27%
Return on Assets (ROA)	0.02%	0.02%	0.03%	-0%	0.06%	0.06%	0.04%	-0.08%	0.01%	0.06%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.16x	0.18x	0.21x	0.23x	0.23x	0.20x	0.19x	0.28x	0.38x	0.30x
Book Value per Share	32.98	31.69	31.84	29.23	32.51	36.72	38.65	27.49	27.96	35.15
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	190.24M	287.47M	341.4M	383.43M	519.68M	605.62M	501.58M	352.59M	452.99M	1.04B
Operating CF Growth %	-0.23%	0.51%	0.19%	0.12%	0.36%	0.17%	-0.17%	-0.3%	0.28%	1.29%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	74.48M	73.04M	144.88M	-5.73M	320.09M	374.61M	247.94M	-512.67M	96.34M	467.95M
Depreciation & Amortization	26.48M	26.39M	55.34M	58.79M	64.73M	68.46M	79.06M	82.39M	72.24M	73.43M
Stock-Based Compensation	5.21M	142K	60K	145K	123K	142K	141K	15K	0	0
Deferred Taxes	105.14M	60.22M	-86.73M	133.52M	0	-85.73M	-111.66M	-15K	0	0
Other Non-Cash Items	-1.5M	-4.06M	42.46M	13.66M	-249.96M	14.29M	16.32M	485.38M	-45.95M	-90.37M
Working Capital Changes	-19.57M	131.75M	185.39M	183.04M	384.69M	233.84M	269.78M	297.5M	330.36M	586.1M
Cash from Investing+	-81.68M	-226.72M	-185.6M	-222.44M	-401.2M	-411.29M	-373.67M	-316.38M	-295.44M	-796.66M
Capital Expenditures	-20.11M	-16.98M	-19.44M	-27.96M	-40.09M	-39.95M	-41.44M	-35.51M	-36.81M	-46.14M
Acquisitions	7.77M	14K	6.24M	0	0	0	0	0	0	0
Purchase of Investments	-1.72B	-1.98B	-1.61B	-1.73B	-1.91B	-2.11B	-2.42B	-2.84B	-2.19B	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Investing	2.61M	3.6M	1.93M	10.11M	3.71M	20.58M	17.42M	27.88M	3.82M	-750.52M
Cash from Financing+	-134.25M	-104.66M	-84.71M	-138.12M	-138.37M	-140.25M	-140.84M	-81.99M	103.58M	-71.11M
Dividends Paid	-136.39M	-137.2M	-137.89M	-138.48M	-139.07M	-139.64M	-140.23M	-105.48M	-70.32M	-70.33M
Share Repurchases	0	-3.29M	0	0	0	0	0	0	0	0
Stock Issued	2.11M	1.63M	2.16M	358K	0	0	215K	0	0	752K
Debt Issuance (Net)	0	1000K	1000K	0	0	-609K	-825K	1000K	1000K	-1000K
Other Financing	2.14M	5.84M	2.16M	358K	701K	0	0	0	0	0
Net Change in Cash+	-25.69M	-43.9M	71.09M	22.88M	-19.89M	54.08M	-12.92M	-45.78M	261.13M	169.35M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	289.91M	264.22M	220.32M	291.41M	314.29M	294.4M	348.48M	335.56M	289.78M	550.9M
Cash at End	264.22M	220.32M	291.41M	314.29M	294.4M	348.48M	335.56M	289.78M	550.9M	720.26M
Free Cash Flow+	170.13M	270.49M	321.96M	355.48M	479.59M	565.66M	460.14M	317.08M	416.18M	990.98M
FCF Growth %	-0.23%	0.59%	0.19%	0.1%	0.35%	0.18%	-0.19%	-0.31%	0.31%	1.38%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	3.08	4.89	5.82	6.42	8.66	10.22	8.31	5.73	7.52	17.9

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	97.66%	97.81%	95.11%	100.91%	90.48%	87.88%	92.5%	118.41%	97.85%	89.5%
Medical Cost Ratio	89.21%	90.4%	87.83%	93.16%	83.27%	79.88%	84.98%	110.26%	91.29%	82.96%
Return on Equity (ROE)	4.03%	4.09%	8.25%	-0.34%	18.73%	19.55%	11.88%	-28%	6.28%	26.78%
Return on Assets (ROA)	1.61%	1.55%	2.93%	-0.11%	5.65%	6.13%	3.79%	-7.72%	1.41%	6.07%
Equity / Assets	39.34%	36.59%	34.53%	29.77%	30.56%	32.12%	31.6%	23.37%	21.79%	23.42%
Book Value / Share	32.98	31.69	31.84	29.23	32.51	36.72	38.65	27.49	27.96	35.15
Debt / Equity	0.16x	0.18x	0.21x	0.23x	0.23x	0.20x	0.19x	0.28x	0.38x	0.30x
Revenue Growth	-0.08%	7.26%	5.83%	-1.05%	17.53%	-4.73%	5.52%	-8.77%	27.08%	18.27%

Frequently Asked Questions

Valuation & Price

Mercury General Corporation (MCY) has a price-to-earnings (P/E) ratio of 10.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Mercury General Corporation (MCY) grew revenue by 18.3% over the past year. This is strong growth.

Yes, Mercury General Corporation (MCY) is profitable, generating $439.6M in net income for fiscal year 2024 (8.5% net margin).

Dividend & Returns

Yes, Mercury General Corporation (MCY) pays a dividend with a yield of 1.39%. This makes it attractive for income-focused investors.

Mercury General Corporation (MCY) has a return on equity (ROE) of 26.8%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Mercury General Corporation (MCY) has a combined ratio of 89.5%. A ratio below 100% indicates underwriting profitability.

US Stock Screener

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Mercury General Corporation (MCY) 10-Year Financial Performance & Capital Metrics

MCY • • Insurance & Managed Care

Financial ServicesProperty & Casualty InsurancePersonal Lines InsuranceRegional Personal Lines

Revenue $5.48B +18.3%
Combined Ratio 89.5% -8.5%
Net Income $468M +385.8%
Return on Equity 26.78% +326.8%
Medical Cost Ratio 82.96% -9.1%
Operating Margin 10.5% +388.9%
Net Margin 8.55% +310.7%
ROA 6.07% +329.1%
Equity / Assets 23.42% +7.5%
Book Value per Share 35.15 +25.7%
Tangible BV/Share 34.24 +26.6%
Debt/Equity 0.30 -20.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Profitable underwriting: 89.5% combined ratio
✓Strong Piotroski F-Score: 8/9

✗Weaknesses

✗Weak 3Y average ROE of 1.7%
✗High loss ratio of 83.0%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.16%

5Y6.63%

3Y11.1%

TTM6.18%

Profit (Net Income) CAGR

10Y10.15%

5Y7.89%

3Y23.58%

TTM-21.26%

EPS CAGR

10Y10.09%

5Y7.89%

3Y23.55%

TTM-21.41%

ROCE

10Y Avg2.33%

5Y Avg2.12%

3Y Avg-0.49%

Latest7.48%

Peer Comparison

Regional Personal Lines

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NODKNI Holdings, Inc.	274.26M	13.31	55.46	6.97%	0.87%	1.06%	13.68%
HMNHorace Mann Educators Corporation	1.74B	42.88	17.29	8.21%	10.24%	11.39%	25.91%	0.42
SAFTSafety Insurance Group, Inc.	1.14B	76.49	16.00	19.85%	7.13%	9.7%	10.91%	0.06
UFCSUnited Fire Group, Inc.	912.14M	35.75	14.96	13.98%	8.22%	12.38%	36.01%	0.15
DGICADonegal Group Inc.	608.25M	19.58	12.80	6.71%	8.72%	13.73%	11.09%	0.06
MCYMercury General Corporation	5.06B	91.39	10.82	18.27%	7.55%	19.69%	19.58%	0.30
KINSKingstone Companies, Inc.	225.09M	15.91	10.75	7.6%	14.2%	0.02%	24.71%	0.17
KMPRKemper Corporation	2.26B	38.61	7.86	-5.74%	5.14%	9.14%	14.59%	0.50

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	3.01B	3.23B	3.42B	3.38B	3.97B	3.78B	3.99B	3.64B	4.63B	5.48B
Revenue Growth %	-0%	0.07%	0.06%	-0.01%	0.18%	-0.05%	0.06%	-0.09%	0.27%	0.18%
Medical Costs & Claims+	2.68B	2.92B	3B	3.15B	3.31B	3.02B	3.39B	4.02B	4.23B	4.54B
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	324.57M	310M	415.73M	231.05M	664.41M	761.38M	599.82M	-373.76M	403.25M	932.86M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.35%	-0.04%	0.34%	-0.44%	1.88%	0.15%	-0.21%	-1.62%	2.08%	1.31%
Operating Expenses+	254.01M	239.28M	248.64M	261.67M	286.34M	302.88M	300.51M	296.95M	303.82M	357.98M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	47.84M	53.26M	55.34M	58.79M	64.73M	68.46M	79.06M	82.39M	72.24M	73.43M
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	70.57M	70.72M	167.09M	-30.61M	378.07M	458.5M	299.31M	-670.72M	99.43M	574.88M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.71%	0%	1.36%	-1.18%	13.35%	0.21%	-0.35%	-3.24%	1.15%	4.78%
EBITDA+	118.41M	123.98M	222.43M	28.18M	442.8M	526.96M	378.36M	-588.33M	171.67M	648.31M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	3.17M	3.96M	15.17M	17.04M	17.04M	17.05M	17.11M	17.23M	24.17M	30.82M
Non-Operating Income	-3.17M	-3.96M	-15.17M	-17.04M	-17.04M	-17.05M	-17.11M	-17.23M	-24.17M	-30.82M
Pretax Income+	70.57M	70.72M	167.09M	-30.61M	378.07M	458.5M	299.31M	-670.72M	99.43M	574.88M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-3.91M	-2.32M	22.21M	-24.89M	57.98M	83.89M	51.37M	-158.04M	3.09M	106.93M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	74.48M	73.04M	144.88M	-5.73M	320.09M	374.61M	247.94M	-512.67M	96.34M	467.95M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.58%	-0.02%	0.98%	-1.04%	56.88%	0.17%	-0.34%	-3.07%	1.19%	3.86%
EPS (Diluted)+	1.35	1.32	2.62	-0.10	5.78	6.77	4.48	-9.26	1.74	8.45
EPS Growth %	-0.58%	-0.02%	0.98%	-1.04%	58.8%	0.17%	-0.34%	-3.07%	1.19%	3.86%
EPS (Basic)	1.35	1.32	2.62	-0.10	5.78	6.77	4.48	-9.26	1.74	8.45
Diluted Shares Outstanding	55.21M	55.3M	55.33M	55.34M	55.36M	55.36M	55.37M	55.37M	55.37M	55.38M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	4.63B	4.79B	5.1B	5.43B	5.89B	6.33B	6.77B	6.51B	7.1B	8.31B
Asset Growth %	0.01%	0.03%	0.07%	0.07%	0.08%	0.07%	0.07%	-0.04%	0.09%	0.17%
Total Investment Assets+	3.57B	3.55B	3.73B	3.77B	4.81B	4.73B	5.14B	5.03B	5.23B	6.36B
Long-Term Investments	3.38B	3.55B	3.73B	3.77B	4.31B	4.73B	5.14B	4.91B	5.23B	6.08B
Short-Term Investments	185.28M	375.68M	302.71M	253.3M	494.13M	375.61M	140.13M	122.94M	178.49M	283.82M
Total Current Assets+	449.5M	596M	594.12M	1.39B	1.49B	0	0	978.82M	0	1.41B
Cash & Equivalents	264.22M	220.32M	291.41M	314.29M	294.4M	348.48M	335.56M	289.78M	550.9M	720.26M
Receivables	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	1.56B	-1.37B	-1.16B	1.25B	-1.39B	-374.55M
Goodwill & Intangibles+	74.5M	68.42M	63.52M	58.33M	53.43M	54.12M	53.05M	52.01M	51.13M	50.48M
Goodwill	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M	42.8M
Intangible Assets	31.7M	25.63M	20.73M	15.53M	10.64M	11.32M	10.26M	9.21M	8.33M	7.68M
PP&E (Net)	157.13M	155.91M	145.22M	153.02M	213.9M	219.48M	223.3M	191.63M	165.59M	151.58M
Other Assets	-3.38B	-3.55B	-3.73B	-13.34M	-27.96M	-5B	-5.42B	-4.91B	-5.45B	-6.21B
Total Liabilities	2.81B	3.04B	3.34B	3.82B	4.09B	4.3B	4.63B	4.99B	5.56B	6.36B
Total Debt+	290M	320M	371.33M	371.73M	420.13M	416.36M	407.51M	420.25M	587.96M	587.71M
Net Debt	25.78M	99.68M	79.92M	57.44M	125.73M	67.88M	71.95M	130.48M	37.06M	-132.55M
Long-Term Debt	290M	320M	371.33M	371.73M	372.13M	372.53M	372.93M	398.33M	573.73M	574.13M
Short-Term Debt	0	0	0	0	0	0	0	11.34M	0	0
Total Current Liabilities+	9.04M	9.96M	61.26M	115.07M	143.32M	0	0	206.82M	0	20.75M
Accounts Payable	122.57M	112.33M	108.25M	115.07M	143.32M	194.42M	169.13M	151.69M	175.22M	242.12M
Deferred Revenue	0	0	0	0	27.96M	0	0	42.9M	0	0
Other Current Liabilities	-122.57M	-122.3M	-108.25M	-115.07M	-27.96M	-204.85M	-169.13M	893K	-175.22M	-242.12M
Deferred Taxes	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K	0	0
Other Liabilities	2.52B	2.72B	2.97B	3.41B	0	-457.49M	-461.08M	4.47B	-587.96M	5.77B
Total Equity+	1.82B	1.75B	1.76B	1.62B	1.8B	2.03B	2.14B	1.52B	1.55B	1.95B
Equity Growth %	-0.03%	-0.04%	0.01%	-0.08%	0.11%	0.13%	0.05%	-0.29%	0.02%	0.26%
Shareholders Equity	1.82B	1.75B	1.76B	1.62B	1.8B	2.03B	2.14B	1.52B	1.55B	1.95B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Retained Earnings	1.72B	1.66B	1.66B	1.52B	1.7B	1.93B	2.04B	1.42B	1.45B	1.85B
Common Stock	90.98M	95.53M	97.52M	98.03M	98.83M	98.97M	98.94M	98.95M	98.95M	99.7M
Accumulated OCI	99.86M	0	0	0	0	0	0	0	0	0
Return on Equity (ROE)	0.04%	0.04%	0.08%	-0%	0.19%	0.2%	0.12%	-0.28%	0.06%	0.27%
Return on Assets (ROA)	0.02%	0.02%	0.03%	-0%	0.06%	0.06%	0.04%	-0.08%	0.01%	0.06%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	0.16x	0.18x	0.21x	0.23x	0.23x	0.20x	0.19x	0.28x	0.38x	0.30x
Book Value per Share	32.98	31.69	31.84	29.23	32.51	36.72	38.65	27.49	27.96	35.15
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	190.24M	287.47M	341.4M	383.43M	519.68M	605.62M	501.58M	352.59M	452.99M	1.04B
Operating CF Growth %	-0.23%	0.51%	0.19%	0.12%	0.36%	0.17%	-0.17%	-0.3%	0.28%	1.29%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	74.48M	73.04M	144.88M	-5.73M	320.09M	374.61M	247.94M	-512.67M	96.34M	467.95M
Depreciation & Amortization	26.48M	26.39M	55.34M	58.79M	64.73M	68.46M	79.06M	82.39M	72.24M	73.43M
Stock-Based Compensation	5.21M	142K	60K	145K	123K	142K	141K	15K	0	0
Deferred Taxes	105.14M	60.22M	-86.73M	133.52M	0	-85.73M	-111.66M	-15K	0	0
Other Non-Cash Items	-1.5M	-4.06M	42.46M	13.66M	-249.96M	14.29M	16.32M	485.38M	-45.95M	-90.37M
Working Capital Changes	-19.57M	131.75M	185.39M	183.04M	384.69M	233.84M	269.78M	297.5M	330.36M	586.1M
Cash from Investing+	-81.68M	-226.72M	-185.6M	-222.44M	-401.2M	-411.29M	-373.67M	-316.38M	-295.44M	-796.66M
Capital Expenditures	-20.11M	-16.98M	-19.44M	-27.96M	-40.09M	-39.95M	-41.44M	-35.51M	-36.81M	-46.14M
Acquisitions	7.77M	14K	6.24M	0	0	0	0	0	0	0
Purchase of Investments	-1.72B	-1.98B	-1.61B	-1.73B	-1.91B	-2.11B	-2.42B	-2.84B	-2.19B	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Investing	2.61M	3.6M	1.93M	10.11M	3.71M	20.58M	17.42M	27.88M	3.82M	-750.52M
Cash from Financing+	-134.25M	-104.66M	-84.71M	-138.12M	-138.37M	-140.25M	-140.84M	-81.99M	103.58M	-71.11M
Dividends Paid	-136.39M	-137.2M	-137.89M	-138.48M	-139.07M	-139.64M	-140.23M	-105.48M	-70.32M	-70.33M
Share Repurchases	0	-3.29M	0	0	0	0	0	0	0	0
Stock Issued	2.11M	1.63M	2.16M	358K	0	0	215K	0	0	752K
Debt Issuance (Net)	0	1000K	1000K	0	0	-609K	-825K	1000K	1000K	-1000K
Other Financing	2.14M	5.84M	2.16M	358K	701K	0	0	0	0	0
Net Change in Cash+	-25.69M	-43.9M	71.09M	22.88M	-19.89M	54.08M	-12.92M	-45.78M	261.13M	169.35M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	289.91M	264.22M	220.32M	291.41M	314.29M	294.4M	348.48M	335.56M	289.78M	550.9M
Cash at End	264.22M	220.32M	291.41M	314.29M	294.4M	348.48M	335.56M	289.78M	550.9M	720.26M
Free Cash Flow+	170.13M	270.49M	321.96M	355.48M	479.59M	565.66M	460.14M	317.08M	416.18M	990.98M
FCF Growth %	-0.23%	0.59%	0.19%	0.1%	0.35%	0.18%	-0.19%	-0.31%	0.31%	1.38%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	3.08	4.89	5.82	6.42	8.66	10.22	8.31	5.73	7.52	17.9

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	97.66%	97.81%	95.11%	100.91%	90.48%	87.88%	92.5%	118.41%	97.85%	89.5%
Medical Cost Ratio	89.21%	90.4%	87.83%	93.16%	83.27%	79.88%	84.98%	110.26%	91.29%	82.96%
Return on Equity (ROE)	4.03%	4.09%	8.25%	-0.34%	18.73%	19.55%	11.88%	-28%	6.28%	26.78%
Return on Assets (ROA)	1.61%	1.55%	2.93%	-0.11%	5.65%	6.13%	3.79%	-7.72%	1.41%	6.07%
Equity / Assets	39.34%	36.59%	34.53%	29.77%	30.56%	32.12%	31.6%	23.37%	21.79%	23.42%
Book Value / Share	32.98	31.69	31.84	29.23	32.51	36.72	38.65	27.49	27.96	35.15
Debt / Equity	0.16x	0.18x	0.21x	0.23x	0.23x	0.20x	0.19x	0.28x	0.38x	0.30x
Revenue Growth	-0.08%	7.26%	5.83%	-1.05%	17.53%	-4.73%	5.52%	-8.77%	27.08%	18.27%

Frequently Asked Questions

Valuation & Price

Mercury General Corporation (MCY) has a price-to-earnings (P/E) ratio of 10.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Mercury General Corporation (MCY) grew revenue by 18.3% over the past year. This is strong growth.

Yes, Mercury General Corporation (MCY) is profitable, generating $439.6M in net income for fiscal year 2024 (8.5% net margin).

Dividend & Returns

Yes, Mercury General Corporation (MCY) pays a dividend with a yield of 1.39%. This makes it attractive for income-focused investors.

Mercury General Corporation (MCY) has a return on equity (ROE) of 26.8%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Mercury General Corporation (MCY) has a combined ratio of 89.5%. A ratio below 100% indicates underwriting profitability.