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Mercury General MCY Commercial automobile — Direct

Other product segments

Private passenger automobile
$940.4M+3.7%
Homeowners
$416.4M+21.0%
Other
$96.3M+9.2%

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ACGLInsurance — Direct
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ACGLMortgage — Direct
$271.75M-3.8%
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ACGLReinsurance — Direct
$223.75M-6.4%
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CRBGLong-Duration Insurance — Direct
$1.09B+7.3%
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AIGShort-Duration Insurance — Direct
$7.87B+0.8%
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WTMHG Global — Direct
$0

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$5.95B+50.5%
Enterprise value$4.61B+62.0%
P/E7.1×-3.1×
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:DirectPremiumsWritten.

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 itemThree Months Ended March 31, 2026 / Property & CasualtyThree Months Ended March 31, 2026 / OtherThree Months Ended March 31, 2026 / TotalThree Months Ended March 31, 2025 / Property & CasualtyThree Months Ended March 31, 2025 / OtherThree Months Ended March 31, 2025 / Total
Commercial automobile97.697.695.395.3
Other84.47.391.765.97.373.2
Net premiums earned$1,445.1$7.3$1,452.4$1,275.8$7.3$1,283.1
Private passenger automobile$940.4$940.4$906.5$906.5
Homeowners416.4416.4344.2344.2
Commercial automobile119.6119.6106.5106.5
Other89.76.696.381.36.988.2
Direct premiums written$1,566.1$6.6$1,572.7$1,438.5$6.9$1,445.4

Item 1. Financial Statements

FAQ

What is Mercury General's commercial automobile — direct?
Mercury General (MCY) reported commercial automobile — direct of $119.6M in Q1 2026.
How has Mercury General's commercial automobile — direct changed year-over-year?
Mercury General's commercial automobile — direct increased by 12.3% year-over-year, from $106.5M to $119.6M.
What is the long-term trend for Mercury General's commercial automobile — direct?
Over 4 years (2021 to 2025), Mercury General's commercial automobile — direct has grown at a 10.5% compound annual growth rate (CAGR), from $259.9M to $387.4M.
What does commercial automobile — direct mean?
This metric measures the total value of premiums written by the company for commercial automobile insurance policies before any adjustments for reinsurance. It serves as a primary indicator of the company's gross market demand and underwriting volume within the commercial vehicle sector. Tracking this figure helps investors evaluate the company's competitive positioning and sales momentum in the commercial insurance market.

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