NYSE$MCY
Mercury General Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Mercury General reported a net loss for Q1 2020 due to investment losses, while operating income increased.
Mercury General Corporation reported a net loss of $139.2 million for the first quarter of 2020, compared to a net income of $135.9 million in the same period of 2019. The net loss was primarily due to net realized investment losses. However, operating income increased by 23.3% to $59.3 million. The company's combined ratio was 95.9%.
- Net loss of $139.2 million, or $2.51 per diluted share, compared to net income of $135.9 million, or $2.45 per diluted share, in Q1 2019.
- Operating income increased to $59.3 million, or $1.07 per diluted share, up from $48.1 million, or $0.87 per diluted share, in Q1 2019.
- Net premiums earned increased by 6.0% to $922.6 million.
- Combined ratio was 95.9%, compared to 97.3% in the same quarter last year.
Headline financials
Revenue & EPS history
Mercury General · Revenue · Quarterly
$708M
Revenue by segment
Mercury General · $956M total across 3 segments · Q1 2020
- Net premiums earned$923M—96.5%
- Net investment income$30.5M—3.2%
- Other$2.56M—0.3%
Forward guidance
The company announced it was refunding 15% of monthly private passenger automobile insurance premiums, or approximately $70 million, to its policyholders for two months as less driving during the COVID-19 pandemic has resulted in fewer accidents and claims. The Company expects to process the premium refunds, via credits to policyholders' accounts, in May and June of 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.1%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.0%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+23.8%
Q3 2023
Best reaction
-14.2%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.1% | +1.3% | +4.0% | |
| Q4 2025 | -9.2% | -12.9% | -9.7% | |
| Q3 2025 | +2.1% | +7.8% | +12.8% | |
| Q1 2025 | -4.0% | +2.6% | +11.0% | |
| Q4 2024 | +9.3% | +9.4% | +14.3% | |
| Q3 2024 | +5.9% | -3.3% | +16.2% | |
| Q2 2024 | +2.3% | +0.9% | +13.1% | |
| Q1 2024 | +2.2% | +3.0% | +5.4% | |
| Q4 2023 | +6.2% | +25.6% | +17.6% | |
| Q3 2023 | +23.8% | +20.1% | +22.8% | |
| Q2 2023 | -5.3% | -5.1% | -11.1% | |
| Q1 2023 | -3.7% | -2.8% | -2.3% | |
| Q4 2022 | -6.2% | -0.4% | -14.7% | |
| Q3 2022 | +14.0% | +26.8% | +24.0% | |
| Q2 2022 | -14.2% | -21.2% | -21.3% | |
| Q1 2022 | +3.4% | +1.3% | -3.8% | |
| Q4 2021 | +1.9% | +4.9% | +0.9% | |
| Q3 2021 | +2.0% | +0.1% | -6.3% | |
| Q2 2021 | -3.1% | -1.8% | -3.9% | |
| Q1 2021 | +3.8% | +4.8% | -2.3% | |
| Q4 2020 | +1.6% | +2.8% | +9.6% | |
| Q3 2020 | -0.3% | +1.2% | +9.5% | |
| Q2 2020 | +0.0% | +6.2% | +6.3% | |
| Q1 2020 | -6.4% | -9.7% | +7.2% | |
| Q4 2019 | +5.6% | +5.8% | -20.3% | |
| Q3 2019 | -10.3% | -8.9% | -7.3% | |
| Q2 2019 | -7.8% | -9.6% | -15.6% | |
| Q1 2019 | +1.3% | +6.0% | +7.3% | |
| Q4 2018 | -4.7% | +0.7% | -5.7% | |
| Q3 2018 | +20.9% | +18.6% | +9.1% | |
| Q2 2018 | +13.6% | +15.4% | +19.9% | |
| Q1 2018 | -8.3% | -8.3% | -2.4% | |
| Q4 2017 | -13.0% | -12.0% | -5.3% | |
| Q3 2017 | -0.1% | -1.0% | -2.4% | |
| Q2 2017 | +5.7% | +6.1% | +1.8% | |
| Q1 2017 | -7.0% | -7.9% | -8.9% | |
| Q4 2016 | -6.3% | -9.3% | -6.4% | |
| Q3 2016 | +11.2% | +8.7% | +15.8% | |
| Q2 2016 | -3.9% | -4.9% | -1.9% | |
| Q1 2016 | -1.0% | — | — | |
| Q4 2015 | +7.5% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | -11.8% | — | — | |
| Q3 2014 | +3.9% | — | — | |
| Q2 2014 | +4.4% | — | — | |
| Q1 2014 | +0.8% | — | — | |
| Q4 2013 | -5.2% | — | — | |
| Q3 2013 | -4.6% | — | — | |
| Q2 2013 | -3.2% | — | — | |
| Q1 2013 | +7.7% | — | — | |
| Q4 2012 | -6.4% | — | — | |
| Q3 2012 | +1.3% | — | — | |
| Q2 2012 | -11.3% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | +4.2% | — | — | |
| Q2 2011 | -2.8% | — | — | |
| Q1 2010 | -1.4% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2008 | -0.1% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q2 2009 | -0.4% | — | — | |
| Q2 2010 | -0.4% | — | — | |
| Q4 2009 | -0.4% | — | — |
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