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Companies / Financials / Mercury General Corporation
MCY

Mercury General Corporation

FinancialsProperty & Casualty Insurance
Ticker MCYLOS ANGELES, CAFiscal year ends DecemberBook value per share $50.64Diluted shares 55.4M

Mercury General Corporation (NYSE: MCY) is an insurance holding company primarily engaged in writing personal automobile insurance through 12 insurance subsidiaries in 11 states, principally California. It also offers homeowners, commercial automobile, commercial property, mechanical protection and umbrella insurance.… From the company’s description.

Over the twelve months to Sep 30, 2026, Mercury General Corporation reported revenue of $6.14B, up 5.4% from a year earlier, and net income of $642.78M. Its operating margin was 16.3%, and operations generated $1.22B in cash. In fiscal 2025, it reported revenue of $5.99B, up 9.4% from fiscal 2024, and net income of $541.09M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$5.99BFY2025
+9.4% year over year
Last 12 mo $6.14B
9.36%FY2025
−0.1 percentage points
Last 12 mo 16.30%
$541.09MFY2025
+15.6% year over year
Last 12 mo $642.78M
22.38%FY2025
−1.7 percentage points
Last 12 mo 22.92%
Cash & financing
$1.09BFY2025
+4.8% year over year
Last 12 mo $1.22B
$1.03BFY2025
+3.8% year over year
Last 12 mo $1.16B
0.24FY2025
Was 0.29× a year earlier
Last 12 mo 0.20
55.4MFY2025
No change, year over year
Last 12 mo 55.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Mercury General Corporation does

In the company’s own words

Mercury General Corporation (NYSE: MCY) is an insurance holding company primarily engaged in writing personal automobile insurance through 12 insurance subsidiaries in 11 states, principally California. It also offers homeowners, commercial automobile, commercial property, mechanical protection and umbrella insurance. Its products include standard, non-standard and preferred auto coverage, as well as dwelling, liability and personal property coverage for homeowners; customers include individuals and businesses. Policies are distributed mainly through independent agents, alongside company-owned agencies and online sales portals. In 2025, independent agents and agencies accounted for approximately 88% of direct premiums written. California generated 82.1% of the company’s $5.98 billion in direct premiums written that year. The company’s insurance operations are conducted by its insurance subsidiaries, while related businesses include insurance agencies and service companies, a mechanical protection contract administrator and a technology subsidiary. Mercury Casualty Company, founded in 1961, is the group’s principal California automobile insurer. Its website is www.mercuryinsurance.com.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
LOS ANGELES, CA
Fiscal year end
December
CIK
64996
SIC
6331

Financial performance, year by year

Fiscal 2011–2025 · USD
$-1.18B$817.60M$2.81B$4.81B$6.80B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Mercury General Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

332
funds hold it
0 of 35
superinvestors hold it
$1.31B
held by funds, at market
23.0%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Mercury General Corporation’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.15%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.09%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Mercury General Corporation’s bonds, as funds hold them

Funds report holding 2 issues of Mercury General Corporation’s debt, $140.56M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.41%, maturing 2027 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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