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Mercury General Corporation  (MCY)
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Mercury General Corporation

MCY's Financial Statements and Analysis



Mercury General Corporation reported in the forth quarter of 2023 net earnings per share of $3.46 an improvement compare to net loss per share of $-0.12 recorded a year ago and an improvement compare to net loss per share of $-0.15 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ 3.46 $  1,375 Mill
$+3.58     $+223M     +19.36 %



Mercury General's Revenue rose by 19.36 % in forth quarter of 2023 (Dec 31 2023) year on year, to $1,375 million and advanced by 29.05 % sequentially.


Mercury General is

More on MCY's Income Statement



Mercury General's net income of $191.394 million in the forth quarter of 2023 increased from net loss of $-6.771 million IV. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-8.227 million recorded in previous quarter.

More on MCY's Growth

Mercury General Inventories
MCY's Cash flow In the forth quarter of 2023 company's net cash flow was $97 million, capital expenditures grew by -9.919-0.95%, to $-10 millions compare to same quarter a year ago

More on MCY's Cash flow Statement


Mercury General Corporation payed out dividend of $1.27 per share in last 52 weeks representing 72.99 % of net earning per share in trailing twelve-month period.

During the same period Mercury General Corporation earned $ 8.18 cash per share, on a free-cash flow basis 470.22 % of net earning per share.

Book value grew by 12.66 % sequentially to $27.96 per share, 27% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 27.04 per share from $ 23.89.

Company repurchased 0.01 million shares or 0.01 % in Dec 31 2023.
Interest Coverage Ratio was 5.11. Debt Coverage Ratio was 0.24.

More on MCY's Dividends

 Market Capitalization (Millions) 2,688
 Shares Outstanding (Millions) 55
 Total Debt (Millions $) 574
 Revenue (TTM) (Millions $) 4,630
 Net Income (TTM) (Millions $) 96
 Cash Flow (TTM) (Millions $) 261
 Capital Exp. (TTM) (Millions $) -37
 Dividend TTM ($) 1.27 $
 Dividend Yield TTM (%) 2.62 %
 Employees (TTM) $ 4,500




Mercury General Corporation payed out dividend of $1.27 per share in the last 52 weeks representing 72.99 % of net earning per share in trailing twelve-month period.

During the same period Mercury General Corporation had $ 8.18 cash flow per share, on a free-cash flow basis 470.22 % of net earning per share.

Book value grew by 12.66 % sequentially to $27.96 per share, 27% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 27.04 per share from $ 23.89.

Company repurchased 0.01 million shares or 0.01 % in Dec 31 2023.
Interest Coverage Ratio was 5.11. Debt Coverage Ratio was 0.24.

More on MCY's Balance Sheets

 Market Capitalization (Millions) 2,688
 Shares Outstanding (Millions) 55
 Total Debt (Millions $) 574
 Revenue (TTM) (Millions $) 4,630
 Net Income (TTM) (Millions $) 96
 Cash Flow (TTM) (Millions $) 261
 Capital Exp. (TTM) (Millions $) -37
 Dividend TTM ($) 1.27 $
 Dividend Yield TTM (%) 2.62 %
 Employees (TTM) $ 4,500
   


  News about Mercury General Corporation Earnings

Mercury General Corporation Emerges Victorious with Impressive Q4 2023 Financial Results, Exhibiting Strong Revenue Growth and Remarkable Turnaround

Mercury General Corporation (MCY), a leading Property and Casualty Insurance company, reported strong financial results for the fiscal period from October to December 31, 2023. The company experienced a significant turnaround, with earnings per share (EPS) reaching $3.46, compared to a loss of $0.12 per share in the previous year. This positive performance follows a previous reporting season in which MCY had negative EPS of $0.15 per share.
One of the key factors contributing to MCY's success was its impressive revenue growth. The company's revenue increased by a substantial 19.358% to $1.37 billion during the period, compared to $1.15 billion in the same reporting season of the previous year. Furthermo...

Mercury General Corporation achieves remarkable progress with smooth improvement in Q3 2023



Mercury General Corporation, a property and casualty insurance company, has shown notable improvements in its financial results. Over the past five trading days, the company's shares witnessed a modest increase of 0.68%. Although the year-to-date performance remains negative at -13.66%, its shares are trading 13.4% above the 52-week low. Let's analyze the financial results and consider how they might impact the company moving forward.
1. Improved Loss per Share:
During the financial period ending September 30, 2023, Mercury General Corporation reduced its loss per share significantly, from $-1.78 to $-0.15 per share compared to the previous year. This improvement indicates the company's e...

Mercury General Corporation Showcases Promising Financial Recovery With Reduced Loss per Share & 37.881% Revenue Jump in June 2023 Quarter



Mercury General Corporation, a leading insurance provider, recently released its financial results for the time-frame ending June 30, 2023. The report reveals several noteworthy positive developments, including a significant reduction in losses per share, improved earnings per share, and a considerable revenue jump. These outcomes are expected to have a profound impact on the company, paving the way for future success.
1. Reduction in Losses and Improved Earnings per Share:
One of the most striking highlights of Mercury General Corporation's financial results is the reduction in losses per share. Comparing the figures from the previous year, a decrease from $-3.80 to $-0.75 per share was ob...

Failed to become profitable in spite of surge in revenue, the company over the first quarter of 2023 earnings season

Mercury General Corporation is a leading provider of property and casualty insurance products in the United States. The Company operates through its subsidiaries, which are engaged in underwriting and providing automobile, homeowners, and commercial insurance products. Mercury General Corporation is known for its strong customer service and its commitment to offering affordable coverage to its clients. While the Company has been able to achieve strong revenue growth in recent years, its profitability has been impacted by rising costs and an increasingly competitive market.
Mercury General Corporation's first quarter 2023 earnings report indicates that the Company lost money at $-0.82 per share compared t...


Date modified: 2024-02-17T00:27:06+00:00





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