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Mercury General Corporation  (MCY)
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Mercury General's Effective Tax Rate by quarter

Trends, Rankings, Statistics



MCY Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change - - - - -
Seq. Pre-Tax Income Change - - - - -
Pre-Tax Income In Millions $237.95 $-15.23 $-61.21 $-62.08 $-17.34
Effective Tax Rate 19.56 % - - - -
Effective Tax Rate Total Ranking # 536 # # # #
Income taxes expenses / -benefit In Millions $46.55 $-7.00 $-19.67 $-16.79 $-10.57
Y / Y Income taxes expenses / -benefit Change - - - - -
Seq. Income taxes expenses / -benefit Change - - - - -


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 19.56 %, above company's average Effective Tax Rate.

Looking into IV. Quarter results within Property & Casualty Insurance industry 6 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from to 536.

MCY's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Property & Casualty Insurance Industry # 7
Financial Sector # 137
Overall # 535

MCY's Effective Tax Rate Statistics
High Average Low
30.4 % 18.99 % 2.19 %
(Jun 30 2014)   (Dec 31 2015)




Other Effective Tax Rate Profitability Ratios
MCY's Cumulative Effective Tax Rate
Property & Casualty Insurance Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
MCY's Effective Tax Rate Profitability versus Property & Casualty Insurance Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for MCY's Competitors
Effective Tax Rate Profit Margin for Mercury General's Suppliers
Effective Tax Rate Profit Margin for MCY's Customers

You may also want to know
MCY's Annual Growth Rates MCY's Profitability Ratios MCY's Asset Turnover Ratio MCY's Dividend Growth
MCY's Roe MCY's Valuation Ratios MCY's Financial Strength Ratios MCY's Income taxes expenses / -benefit Growth
MCY's Roa MCY's Inventory Turnover Ratio MCY's Growth Rates MCY's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Property & Casualty Insurance Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Proassurance Corporation  51.75 %$ 5.036 $ 9.732 
Cincinnati Financial Corporation  35.44 %$ 528.000 $ 1,490.000 
Rli Corp  25.46 %$ 36.522 $ 143.424 
Selective Insurance Group Inc   23.73 %$ 37.244 $ 156.979 
Universal Insurance Holdings Inc   22.77 %$ 5.897 $ 25.896 
Palomar Holdings Inc   22.61 %$ 7.564 $ 33.458 
Safety Insurance Group Inc   22.31 %$ 3.522 $ 15.784 
Loews Corp  22.19 %$ 136.000 $ 613.000 
Employers Holdings Inc   21.65 %$ 12.600 $ 58.200 
American Financial Group Inc   21.49 %$ 72.000 $ 335.000 
Markel Group Inc   21.13 %$ 212.713 $ 1,006.806 
Nmi Holdings Inc   20.70 %$ 21.768 $ 105.181 
Radian Group Inc  20.65 %$ 37.124 $ 179.817 
Progressive Corp  20.60 %$ 515.600 $ 2,503.400 
Kinsale Capital Group Inc   20.48 %$ 26.634 $ 130.021 
W R Berkley Corp  20.40 %$ 102.236 $ 501.199 
Cna Financial Corporation  20.22 %$ 93.000 $ 460.000 
Mgic Investment Corp  19.73 %$ 45.343 $ 229.847 
Mercury General Corporation  19.56 %$ 46.551 $ 237.945 
Travelers Companies inc   19.47 %$ 393.000 $ 2,019.000 
Assurant Inc   19.46 %$ 44.100 $ 226.600 
The Hartford Financial Services Group Inc   18.84 %$ 179.000 $ 950.000 
Horace Mann Educators Corporation  16.31 %$ 7.700 $ 47.200 
Essent Group Ltd   13.60 %$ 27.594 $ 202.961 




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