What is ROE for Mercury General in the forth quarter 2023?
Mercury General Corporation achieved a return on average equity (ROE) of
6.66 % in its forth quarter 2023, this is above MCY's average return on equity of 4.46%.
Mercury General Corporation shareholder's equity over the 12 months ending in its forth quarter 2023 are valued at $1,445 million
ROE has advanced compared to -7.08% in the third quarter 2023, due to net income growth.
Within the
Property & Casualty Insurance industry 31 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to
551, from total ROE ranking in the third quarter 2023 at
2475.
What is ROE?