NYSE$MCY
Mercury General Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Mercury General's Q3 2021 performance was marked by a significant decrease in net income, primarily due to net realized investment losses and a higher combined ratio, while the company increased its quarterly dividend.
Mercury General Corporation reported a sharp decline in net income for the third quarter of 2021, falling to $1.288 million from $118.857 million in the same period last year. This decrease was largely attributed to net realized investment losses and an increase in the combined ratio. Despite the drop in net income, the company increased its quarterly dividend.
- Net income decreased significantly to $1.288 million, compared to $118.857 million in Q3 2020.
- Operating income decreased to $35.687 million from $67.953 million in the same quarter of the previous year.
- Catastrophe losses net of reinsurance were $25 million, a decrease from $29 million in Q3 2020.
- The combined ratio increased to 99.0% from 94.3% in the prior-year quarter.
Headline financials
Revenue & EPS history
Mercury General · Revenue · Quarterly
$932M
Revenue by segment
Mercury General · $976M total across 3 segments · Q3 2021
- Net premiums earned$941M+4.6%96.4%
- Net investment income$32.3M+0.6%3.3%
- Other$2.48M-14.3%0.3%
Forward guidance
The company provided forward-looking statements that are subject to significant risks and uncertainties.
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 Q3 2021
-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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