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Mercury General MCY Private passenger automobile — Premiums Earned, Net

Other product segments

Homeowners
$364.5M+42.4%
Commercial automobile
$97.6M+2.4%
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 private passenger automobile — premiums earned, net?
Mercury General (MCY) reported private passenger automobile — premiums earned, net of $898.6M in Q1 2026.
How has Mercury General's private passenger automobile — premiums earned, net changed year-over-year?
Mercury General's private passenger automobile — premiums earned, net increased by 4.7% year-over-year, from $858.6M to $898.6M.
What is the long-term trend for Mercury General's private passenger automobile — premiums earned, net?
Over 4 years (2021 to 2025), Mercury General's private passenger automobile — premiums earned, net has grown at a 8.0% compound annual growth rate (CAGR), from $2.61B to $3.55B.
What does private passenger automobile — premiums earned, net mean?
This metric represents the portion of premiums recognized as revenue for private passenger automobile insurance policies after accounting for reinsurance cessions. It reflects the actual earned income from the core auto insurance business segment over a specific reporting period. Investors use this to assess the scale and growth trajectory of the company's primary underwriting operations.

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