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Mercury General MCY Homeowners — Premiums Earned, Net

Other product segments

Private passenger automobile
$898.6M+4.7%
Commercial automobile
$97.6M+2.4%
Other
$91.7M+25.3%

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$8.88M-36.8%

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 homeowners — premiums earned, net?
Mercury General (MCY) reported homeowners — premiums earned, net of $364.5M in Q1 2026.
How has Mercury General's homeowners — premiums earned, net changed year-over-year?
Mercury General's homeowners — premiums earned, net increased by 42.4% year-over-year, from $256M to $364.5M.
What is the long-term trend for Mercury General's homeowners — premiums earned, net?
Over 4 years (2021 to 2025), Mercury General's homeowners — premiums earned, net has grown at a 15.9% compound annual growth rate (CAGR), from $698.1M to $1.26B.
What does homeowners — premiums earned, net mean?
This metric represents the portion of premiums recognized as revenue by the homeowners insurance segment after accounting for reinsurance cessions. It reflects the actual insurance coverage provided to policyholders during the reporting period, excluding the portion of premiums related to unexpired policy terms. This is a primary indicator of the segment's realized top-line growth and underwriting scale.

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