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Mercury General MCY Homeowners — Direct

Other product segments

Private passenger automobile
$940.4M+3.7%
Commercial automobile
$119.6M+12.3%
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 homeowners — direct?
Mercury General (MCY) reported homeowners — direct of $416.4M in Q1 2026.
How has Mercury General's homeowners — direct changed year-over-year?
Mercury General's homeowners — direct increased by 21.0% year-over-year, from $344.2M to $416.4M.
What is the long-term trend for Mercury General's homeowners — direct?
Over 4 years (2021 to 2025), Mercury General's homeowners — direct has grown at a 19.4% compound annual growth rate (CAGR), from $801.5M to $1.63B.
What does homeowners — direct mean?
This metric measures the total value of premiums written by the homeowners insurance segment before the impact of reinsurance or other risk-transfer arrangements. It serves as a key indicator of the company's gross market demand and sales production within the property insurance sector. Tracking this figure helps investors assess the segment's ability to acquire new business and capture market share in the homeowners insurance market.

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