Mercury General swings to $190M profit in Q1 2026 from $108M loss year prior

Filed June 9, 2026 · Period ending June 9, 2026 · ~1 min read

Key Changes

• high

  Net income reached $190 million in Q1 2026, a dramatic turnaround from a $108 million loss in Q1 2025—a $298 million improvement reflecting stronger underwriting performance across the insurer's property and casualty lines.

  Item 7.01 view on EDGAR →
• high

  Operating income (excluding investment gains) jumped to $194 million from a $127 million operating loss year-over-year, demonstrating the core insurance business returned to profitability independent of market fluctuations.

  Item 7.01 view on EDGAR →
• high

  Net premiums earned grew 13% to $1.45 billion, driven by higher policy volumes and pricing, though Q1 2025 included $76 million in catastrophe reinsurance costs from California wildfires.

  Item 7.01 view on EDGAR →