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Mercury General MCY Change in loss reserves

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Other financials

Income statement

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Revenue$1.5B+10.5%
Net income$190.4M+276%
EPS (diluted)$3.44+276%

Balance sheet

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Cash & equivalents$1.4B+5.1%
Total debt$12.7M-29.2%
Total assets$9.9B+9.4%

Cash flow

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Operating cash flow$325.6M+574%
CapEx$16.8M+27.8%
Free cash flow$308.8M+477%

Valuation

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Market cap$5.69B+57.7%
Enterprise value$4.35B+93.8%
P/E6.8×-5.8×
P/S0.9×+0.3×

Profitability

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Net margin13.7%+8.6pp
FCF margin23.1%+10.1pp

Where this comes from

Reported directly by Mercury General in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve.

The official record: Mercury General’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercury General's change in loss reserves?
Mercury General (MCY) reported change in loss reserves of $12.86M in Q1 2026.
How has Mercury General's change in loss reserves changed year-over-year?
Mercury General's change in loss reserves decreased by 98.0% year-over-year, from $640.55M to $12.86M.
What is the long-term trend for Mercury General's change in loss reserves?
Over 3 years (2021 to 2024), Mercury General's change in loss reserves has grown at a 15.9% compound annual growth rate (CAGR), from $235.13M to $366.33M.
What does change in loss reserves mean?
Tracks the net adjustment to the liability set aside for estimated future payments on claims that have been incurred but not yet settled. A significant increase often reflects higher claims activity or a more conservative approach to estimating future liabilities. This is a primary indicator of the company's underwriting discipline and long-term financial stability.