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Mercury General MCY Other — Loss adjustment expenses

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HMNLife & Retirement — Loss adjustment expenses
$0
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HMNProperty & Casualty — Loss adjustment expenses
$18.5M+8.2%
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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 mcy:ClaimsAdjustmentExpenseIncurredClaims.

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
Net premiums earned$1,445.1$7.3$1,452.4$1,275.8$7.3$1,283.1
Less:
Losses792.74.0796.71,065.63.71,069.3
Loss adjustment expenses135.70.5136.2151.00.5151.5
Losses and loss adjustment expenses928.44.5932.91,216.64.21,220.8
Policy acquisition costs237.82.7240.5225.82.9228.7
Other operating expenses123.10.8123.978.90.679.5
Underwriting gain (loss)155.8(0.7)155.1(245.5)(0.4)(245.9)

Item 1. Financial Statements

FAQ

What is Mercury General's other — loss adjustment expenses?
Mercury General (MCY) reported other — loss adjustment expenses of $500K in Q1 2026.
How has Mercury General's other — loss adjustment expenses changed year-over-year?
Mercury General's other — loss adjustment expenses decreased by 0.0% year-over-year, from $500K to $500K.
What is the long-term trend for Mercury General's other — loss adjustment expenses?
Over 3 years (2022 to 2025), Mercury General's other — loss adjustment expenses has grown at a 1.7% compound annual growth rate (CAGR), from $1.9M to $2M.
What does other — loss adjustment expenses mean?
Captures the costs associated with investigating, evaluating, and settling insurance claims for the 'Other' segment. These expenses include both internal administrative costs and external fees paid to adjusters or legal counsel. It serves as a key component of the total cost of claims and overall underwriting efficiency.

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