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MCYMercury General Corporation
$100.27$5.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MCY logo

Mercury General Corporation

MCY
NYSE · Property & Casualty Insurance
$100.27
At close - Oct 1, 4:00 PM EDT - USD
Market Cap$5.55B
P/E10.3x
52W High$113.06
Volume245.51K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Rate Hikes Drive Margin Recovery Amid Reserve Risk

Mercury General is experiencing a strong underwriting recovery, with the combined ratio improving to 80.5% in 2026Q2 from 110.2% in 2025Q1, driven by California rate approvals and premium growth of 13.8%. The company's conservative balance sheet, evidenced by ...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

MCY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

-8% Peers

P/E is 8% below peer median

03

Market leadership

RS 56 · Avg

Average momentum (RS Rating: 56)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 4

Market performance

Price History →

Trailing total returns as of 10/2/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MCY+10.30%
S&P 500 (^GSPC)+11.83%
1-Year Return
MCY+21.15%
S&P 500 (^GSPC)+14.29%
3-Year Return
MCY+274.39%
S&P 500 (^GSPC)+81.94%
5-Year Return
MCY+92.44%
S&P 500 (^GSPC)+77.58%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
10.5x
Forward P/EExpansion
7.9x
EV/EBITDA50th %ile
6.7x
FCF YieldCash Flow
18.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.5x
11.8x
50th· Fair
EV/EBITDA
6.7x
8.0x
50th· Fair
Price/FCF
5.5x
5.1x
60th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$120.33+20.0%
Base (Fair)$190.22+91.3%
Bull$274.61+173.9%
$120.33 Bear$190.22 Base$274.61 Bull
Current Market Price: $100.27
Trades at a 47.3% discount to Base DCF ($190.22)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$5.99B+9.4% YoY
Net income
$541M+15.6% YoY
Free cash flow
$1.03B+3.8% YoY
Operating margin
11.1%+0.6 pts YoY
ROIC (TTM)28.4%
Avg ROIC 5Y-
ROE (TTM)24.8%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$3.52+39.1%
vs $2.53
$1.6B+2.3%
vs $1.5B
Q2 2026
May 5, 2026
$3.50+62.8%
vs $2.15
$1.6B+6.1%
vs $1.5B
Q1 2026
Feb 17, 2026
$3.66+43.0%
vs $2.56
$1.4B+3.9%
vs $1.4B
Q4 2025
Nov 4, 2025
$3.86+79.5%
vs $2.15
$1.6B+15.3%
vs $1.4B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
PRNewsWire·3d ago
How Small Apartment Habits Can Help Renters Avoid Big Insurance Claims

Simple everyday steps can help renters reduce the risk of fire, water damage, theft and liability losses LOS ANGELES, Sept. 29, 2026 /PRNewswire/ -- Renters may not control the roof, plumbing system or electrical wiring in their apartment building, but what happens inside their unit can make a big difference.

Zacks Investment Research·4d ago
Are Investors Undervaluing Mercury General (MCY) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks Investment Research·4d ago
Best Value Stocks to Buy for September 28th

MCY, EQNR and HMN made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 28, 2026.

Zacks Investment Research·Sep 25, 2026
MCY Outperforms Industry in a Year: Time to Buy the Stock for Solid Returns?

Mercury General's stronger underwriting, rising investment income and expanded catastrophe protection support earnings and shareholder returns.

Filtered for Mercury General CorporationMore Headlines
04

Compare before deciding

Benchmark MCY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Mercury General Corporation (MCY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MCY logoMCYMercury General CorporationCurrent
$100.27$5.55B10.269.44%9.03%24.8%1.27%
HCI logoHCIHCI Group, Inc.
$181.39$2.32B7.2920.21%32.6%28.69%—
HRTG logoHRTGHeritage Insurance Holdings, Inc.
$33.83$1.02B5.353.71%27.54%42.41%—
KMPR logoKMPRKemper Corporation
$25.94$1.53B11.333.62%-10.83%-19.42%—
ERIE logoERIEErie Indemnity Company
$222.11$10.26B20.917.17%14%24.52%—
SIGI logoSIGISelective Insurance Group, Inc.
$84.90$5.06B11.359.78%9.11%13.87%—

Compare MCY vs Peers

Mercury General Corporation (MCY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HCI

Most directly comparable listed peer for MCY.

Scale Benchmark

vs PGR

Larger-name benchmark to compare MCY against a more recognizable public peer.

Peer Set

Compare Top 5

vs HCI, HRTG, KMPR, ERIE

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MCY SEC Filings & Documents

Mercury General Corporation (MCY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jun 24, 2026·SEC

Material company update

Jun 12, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 11, 2025·SEC

FY 2024

Feb 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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MCY Frequently Asked Questions

Mercury General Corporation (MCY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Mercury General Corporation growing?

Mercury General Corporation (MCY) grew revenue by 9.4% over the past year. This is steady growth.

Is MCY profitable?

Yes, Mercury General Corporation (MCY) is profitable, generating $936.9M in net income for fiscal year 2025 (9.0% net margin).

Dividend & Returns
Does MCY pay dividends?

Yes, Mercury General Corporation (MCY) pays a dividend with a yield of 1.27%. This makes it attractive for income-focused investors.

What is MCY's return on equity?

Mercury General Corporation (MCY) has a return on equity (ROE) of 24.8%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics
What is Mercury General Corporation's combined ratio?

Mercury General Corporation (MCY) has a combined ratio of 88.9%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in MCY back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →