MERCURY GENERAL (MCY) SEC Filings

Mercury General Corp. director Joshua Eric Little purchased 750 shares of common stock at $82.6850 per share on November 6, 2026. The purchase was reported as direct ownership, bringing his directly held position to 4,000 shares. No Rule 10b5-1 plan is reported.

Mercury General Corporation (MCY) reported a third-quarter net loss of $13.7 million, compared with net income of $280.4 million a year earlier; nine-month net income rose to $440.2 million from $338.5 million. Third-quarter net premiums earned were $1,545.4 million, versus $1,410.4 million, while total revenue was $1,381.4 million, compared with $1,584.9 million. Net realized investment results included a $261.9 million loss, compared with $84.5 million in gains a year earlier.

Nine-month catastrophe losses, net of reinsurance, were approximately $191 million, compared with approximately $489 million in 2025. The majority of 2026 catastrophe losses resulted from storms in Oklahoma and Texas and adverse reserve development on the Palisades and Eaton wildfires. Third-quarter underwriting gain was $151.3 million, compared with $182.9 million a year earlier.

In 2026, MCY issued $525 million of senior notes with a 6.25% annual coupon, redeemed $375 million of senior notes and repaid $150 million of credit-facility borrowings. As of September 30, 2026, facility borrowings were $50 million, with $200 million available to draw.

Mercury General Corporation (MCY) reported third-quarter 2026 net premiums earned of $1,545.368 million, up 9.6% from $1,410.400 million a year earlier. It recorded a net loss of $13.685 million, compared with net income of $280.403 million, alongside $206.938 million of net realized investment losses, net of tax, versus $66.716 million of gains. Operating income, which excludes realized investment gains and losses net of tax, was $193.253 million, down 9.6%; the combined ratio was 90.2%, compared with 87.0%.

For the first nine months of 2026, net income was $440.237 million versus $338.547 million, and operating income was $582.419 million versus $234.859 million. The combined ratio was 89.8%, compared with 99.0%. The board declared a quarterly dividend of $0.3175 per share, payable December 31, 2026, to shareholders of record December 17, 2026.

Mercury General Corporation director Vicky Wai Yee Joseph reported beneficial ownership of 19,573,858 common shares, equal to 35.3% of the class. The trust’s 19,567,934 shares had been transferred by her spouse, George Joseph, who was the issuer’s chairman; Joseph became sole trustee upon his death on August 26, 2026.

Mercury General had 55,388,627 common shares outstanding as of July 30, 2026, the share count used for the reported ownership percentage. Joseph said she intends to review her investment on an ongoing basis and may discuss or seek consideration of corporate matters, including mergers, asset sales or acquisitions, and changes to capitalization or dividend policy. She stated that she has no current plans or proposals beyond those described.

Mercury General Corporation (MCY) announced the passing of its founder and longtime Chairman George Joseph at age 104. The Board of Directors appointed Gabriel Tirador, the Company’s Chief Executive Officer since 2007, as Chairman of the Board, effective immediately, and he will continue serving as CEO.

The Company highlighted leadership and ownership continuity. George Joseph’s wife, Vicky Joseph, who joined the Board in 2021, has assumed ownership of his Mercury General stock. Their son, Victor Joseph, age 39, has served as President and Chief Operating Officer since January 2024 and joined the Board in 2024. Mercury stated it remains committed to the mission and values established by its founder.

Mercury General Corporation reported significantly stronger results for the quarter and six months ended June 30, 2026. Total revenues for the first half were 3,221,575 (thousands), up from 2,871,763 (thousands) a year earlier. Net income rose to 263,502 (thousands) for Q2 2026 and 453,922 (thousands) for the first six months, compared with 166,472 and 58,145 (thousands) in 2025. Basic and diluted earnings per share were $4.76 for Q2 and $8.20 for the first half.

Net premiums earned increased to 2,950,180 (thousands) for the first half of 2026, and underwriting swung to a gain of 306.3 (millions) from a loss of 143.2 (millions) a year earlier. Catastrophe losses net of reinsurance were approximately $168 million for the six months, mainly from adverse development on the Palisades and Eaton wildfires and storms in Texas and Oklahoma, and cumulative net losses and loss adjustment expenses from the Palisades and Eaton fires reached 460,229 (thousands).

Total assets grew to 10,542,365 (thousands) with investments at fair value of 7,131,113 (thousands). Operating cash flow was 543,303 (thousands). The company enhanced its capital structure by issuing 525,000 (thousands) of 6.25% senior unsecured notes maturing in 2036, entering a new 250,000 (thousands) unsecured revolving credit facility (50,000 (thousands) drawn), and maintaining a catastrophe reinsurance treaty providing 2,790 million of per-occurrence coverage above a 200 million retention through June 30, 2027.

Mercury General Corporation reported second‑quarter 2026 results with higher premiums and earnings compared with 2025. Net premiums earned were $1,497,767 (000’s), up 9.6%, and net premiums written rose 5.3% to $1,559,045 (000’s). Net income for the quarter was $263,502 (000’s), up 58.3%, with diluted net income per share of $4.76. Operating income increased to $195,158 (000’s), or $3.52 per diluted share, and net realized investment gains, net of tax, were $68,344 (000’s).

For the first six months of 2026, net income was $453,922 (000’s) versus $58,145 (000’s) a year earlier, and operating income rose to $389,166 (000’s). The combined ratio improved to 89.9% for the quarter and 89.6% year‑to‑date, compared with 92.5% and 105.4% in the prior‑year periods. Catastrophe losses net of reinsurance were $75,000 (000’s) in the quarter and $168,000 (000’s) for the first six months. Book value per share increased to $51.20 at June 30, 2026, and statutory surplus was $2.77 billion.

The Board of Directors declared a quarterly dividend of $0.3175 per share, payable on September 24, 2026 to shareholders of record on September 10, 2026. At June 30, 2026, common stock shares outstanding were 55,389 and the debt to total capital ratio was 25.1%.

Mercury General Corporation entered into a Second Amended and Restated Credit Agreement that provides a five-year, $250.0 million unsecured revolving credit facility. This new facility replaces the company’s prior credit agreement and can be used for general corporate purposes.

The revolving facility matures on June 24, 2031. Borrowings will bear interest at either Base Rate or Term SOFR plus a margin tied to the company’s Debt to Capital Ratio, and are subject to quarterly-tested financial covenants on minimum shareholders’ equity, maximum leverage, and minimum risk-based capital levels at key insurance subsidiaries.

Mercury General Corporation completed a public debt offering of $525.0 million aggregate principal amount of 6.250% Senior Notes due 2036. These unsecured senior obligations rank equally with the company’s existing and future unsecured senior debt.

The Notes were issued at a public offering price of 99.764% of principal, pay interest at 6.250% per year, and mature on June 15, 2036. Interest is payable semi-annually on June 15 and December 15, starting December 15, 2026. Mercury also entered into a Fourth Amendment to its Amended and Restated Credit Agreement, allowing this new Notes issuance to be treated as permitted indebtedness.