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Mercury General MCY Property & Casualty — Policy acquisition costs

Other segment segments

Other
$2.7M-6.9%

Similar metrics at other companies

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RNRProperty — Acquisition expenses
$157.03M-6.3%
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RLICasualty — Policy Acquisition Cost Other
$24.23M+6.9%
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RNRCasualty and Specialty — Acquisition expenses
$364.82M-24.0%
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RLICasualty — Policy Acquisition Cost Amortization Expense And Direct Period Costs
$68.87M+12.2%
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RLIProperty Insurance — Policy Acquisition Cost Other
$10.81M+35.9%
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CINFProperty, Liability and Casualty Insurance — Underwriting, acquisition and insurance expenses
$252.75M+6.1%

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$5.69B+57.7%

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:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: Mercury General’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercury General's property & casualty — policy acquisition costs?
Mercury General (MCY) reported property & casualty — policy acquisition costs of $237.8M in Q1 2026.
How has Mercury General's property & casualty — policy acquisition costs changed year-over-year?
Mercury General's property & casualty — policy acquisition costs increased by 5.3% year-over-year, from $225.8M to $237.8M.
What is the long-term trend for Mercury General's property & casualty — policy acquisition costs?
Over 3 years (2022 to 2025), Mercury General's property & casualty — policy acquisition costs has grown at a 12.9% compound annual growth rate (CAGR), from $645.5M to $929.7M.
What does property & casualty — policy acquisition costs mean?
Expenses directly related to the acquisition of new insurance policies, including commissions, premium taxes, and underwriting costs. Monitoring this metric helps evaluate the efficiency of the company's sales and distribution channels.