NYSE: MCY
MERCURY GENERAL CORPCIK 0000064996 · Fire, Marine & Casualty Insurance
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Mercury General refinances credit facility with new $250M revolving line through 2031
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Mercury General raises $525M in 10-year senior notes at 6.25% to fund operations
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Mercury General prices $525M of 6.250% Senior Notes due 2036 to refinance existing debt
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Mercury General offers senior unsecured notes to refinance $375M 2027 notes and repay credit facility
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Mercury General swings to $190M profit in Q1 2026 from loss year prior
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Mercury General completes routine 2026 Annual Meeting, elects nine directors
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Mercury General returns to profit as catastrophe losses plunge; California rate hikes approved
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Mercury General reports Q1 2026 earnings in routine disclosure
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Latest financial statements
From 10-Q filed May 5, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 1,540 | 1,394 |
| Cost of revenue / cost of sales | 4.4 | 3.6 |
| Operating expenses: | ||
| Income before income taxes | 235.7 | (142.3) |
| Income tax expense/(benefit) | 45.2 | (34.0) |
| Net income | 190.4 | (108.3) |
| Basic earnings per share | 3.44 | (1.96) |
| Diluted earnings per share | 3.44 | (1.96) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 1,351 | 1,285 |
| Property, plant and equipment, net | 150.9 | 141.7 |
| Operating lease right-of-use assets, net | 12.2 | 17.6 |
| Finite-lived intangible assets, net | 5.2 | 6.1 |
| Identifiable intangible assets, net | 6.6 | 7.5 |
| Goodwill | 42.8 | 42.8 |
| Deferred income taxes and other assets | 31.8 | 51.9 |
| TOTAL ASSETS | 9,873 | 9,028 |
| Current liabilities: | ||
| Income taxes payable | 77.2 | — |
| Total liabilities | 7,283 | 7,207 |
| Shareholders' equity: | ||
| Common stock | 99.7 | 99.7 |
| Retained earnings (deficit) | 2,490 | 1,721 |
| Total shareholders' equity | 2,590 | 1,821 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 9,873 | 9,028 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 325.6 | (68.7) |
| Investing Activities: | ||
| Net cash from investing activities | (272.3) | 651.6 |
| Financing Activities: | ||
| Net cash from financing activities | (18.0) | (18.3) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗