Every 8-K that Mercury General Corp. (MCY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MCY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MCY filings page.
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 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.
Mercury General Corporation reported stronger insurance results for the three months ended March 31, 2026. Net premiums earned were $1,452 million compared with $1,283 million a year earlier, reflecting higher business volume. Net income improved to $190 million from a net loss of $108 million.
Operating income, which excludes realized investment gains and losses, rose to $194 million from an operating loss of $127 million. For the year ended December 31, 2025, net income was $541 million and operating income was $437 million.
As of March 31, 2026, Mercury General had approximately 2.31 million policies in force across personal auto, homeowners and commercial auto. The company also highlighted strong customer experience, with an overall claims satisfaction score of about 89.4% for the fourth quarter of 2025.
Mercury General Corporation reported the results of its 2026 Annual Meeting of Shareholders. Investors elected all nine director nominees, with votes for each ranging around 39–41 million shares and broker non-votes of 2,584,625 on each director proposal.
Shareholders approved, on an advisory and non-binding basis, the compensation of named executive officers, with 40,328,913 shares voting for, 568,701 against and 28,086 abstaining, plus 2,584,625 broker non-votes. They also ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 42,985,321 shares for, 511,025 against and 13,979 abstaining.
Mercury General Corporation reported a strong turnaround for the first quarter of 2026, moving to net income of $190.4 million from a net loss of $108.3 million a year earlier. Net premiums earned rose to $1.45 billion from $1.28 billion, while the GAAP combined ratio improved to 89.3% from 119.2%, reflecting far lower catastrophe losses of $93.0 million versus $447.0 million. Operating income reached $194.0 million, or $3.50 per diluted share, compared with an operating loss of $126.8 million, or $(2.29) per share, in the prior-year quarter. The Board declared a quarterly dividend of $0.3175 per share, payable June 25, 2026 to shareholders of record on June 11, 2026.
Mercury General Corporation reported significantly stronger results for the fourth quarter and full year 2025 and declared a new quarterly dividend. Fourth-quarter net income rose to $202.5 million, or $3.66 per diluted share, up from $101.1 million, or $1.82 per share a year earlier, as the combined ratio improved to 88.6% from 91.4%. For 2025, net income increased to $541.1 million from $468.0 million, with net premiums earned up to $5.51 billion and net investment income also higher.
Catastrophe activity was heavy: net catastrophe losses and loss adjustment expenses from the Palisades and Eaton wildfires totaled about $380.4 million for 2025, and the company has paid approximately $1.478 billion in related claims while exhausting its catastrophe reinsurance limits and paying $101 million in reinstatement premiums. The California Department of Insurance approved a 6.9% rate increase on the California homeowners line, expected to take effect in July 2026; this line represented about 15% of 2025 net premiums earned. The board declared a quarterly dividend of $0.3175 per share, payable on March 26, 2026 to shareholders of record on March 12, 2026.
Mercury General Corporation furnished an Item 2.02 Form 8-K announcing its financial results for the third quarter ended September 30, 2025. The company issued a press release on November 4, 2025 detailing the quarter’s performance.
The press release is included as Exhibit 99.1 and is furnished, not filed, under the Exchange Act. The filing notes that this information is not subject to Section 18 liabilities and is not incorporated by reference into other filings.