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Mercury General MCY Unearned premiums

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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$6.07B+53.0%
Enterprise value$4.73B+65.4%
P/E7.2×-2.9×
P/S+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:UnearnedPremiums.

The source filing: Mercury General’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000064996-26-000014
Line itemMarch 31, 2026December 31, 2025
Total assets$9,872,865$9,560,669
LIABILITIES AND SHAREHOLDERS’ EQUITY
Loss and loss adjustment expense reserves$3,646,201$3,633,338
Unearned premiums2,353,5582,255,935
Notes payable574,626574,527
Accounts payable and accrued expenses394,423448,703
Operating lease liabilities12,65212,328
Current income taxes77,18030,770

Item 1. Financial Statements

FAQ

What is Mercury General's unearned premiums?
Mercury General (MCY) reported unearned premiums of $2.35B in Q1 2026.
How has Mercury General's unearned premiums changed year-over-year?
Mercury General's unearned premiums increased by 11.0% year-over-year, from $2.12B to $2.35B.
What is the long-term trend for Mercury General's unearned premiums?
Over 5 years (2020 to 2025), Mercury General's unearned premiums has grown at a 9.9% compound annual growth rate (CAGR), from $1.41B to $2.26B.
What does unearned premiums mean?
This represents the portion of written premiums that corresponds to the unexpired term of the insurance policies, which the company has collected but not yet earned. It acts as a deferred revenue liability that will be recognized as income over the remaining life of the policies. This metric provides insight into the company's future revenue pipeline and the scale of its active policy portfolio.

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