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Mercury General MCY Commercial automobile — Premiums Earned, Net

Other product segments

Private passenger automobile
$898.6M+4.7%
Homeowners
$364.5M+42.4%
Other
$91.7M+25.3%

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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$5.95B+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:PremiumsEarnedNet.

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
Private passenger automobile$898.6$898.6$858.6$858.6
Homeowners364.5364.5256.0256.0
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

Item 1. Financial Statements

FAQ

What is Mercury General's commercial automobile — premiums earned, net?
Mercury General (MCY) reported commercial automobile — premiums earned, net of $97.6M in Q1 2026.
How has Mercury General's commercial automobile — premiums earned, net changed year-over-year?
Mercury General's commercial automobile — premiums earned, net increased by 2.4% year-over-year, from $95.3M to $97.6M.
What is the long-term trend for Mercury General's commercial automobile — premiums earned, net?
Over 4 years (2021 to 2025), Mercury General's commercial automobile — premiums earned, net has grown at a 10.4% compound annual growth rate (CAGR), from $258.6M to $384.4M.
What does commercial automobile — premiums earned, net mean?
This metric represents the portion of premiums written for commercial automobile insurance policies that has been recognized as revenue during the reporting period after accounting for reinsurance cessions. It reflects the actual earned income generated from the commercial auto segment as the policy coverage period elapses. Investors use this to assess the realized top-line growth and revenue stability of the company's commercial vehicle insurance business.

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