
LOS ANGELES, Nov. 3, 2026 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2026: Consolidated Highlights Three Months EndedSeptember 30, Change Nine Months EndedSeptember 30, Change 2026 2025 $ % 2026 2025 $ % (000's except per-share amounts and ratios) Net premiums earned (2) $ 1,545,368 $ 1,410,400 $ 134,968 9.6 $ 4,495,548 $ 4,060,208 $ 435,340 10.7 Net premiums written (1) (2) $ 1,636,133 $ 1,498,861 $ 137,272 9.2 $ 4,745,297 $ 4,294,048 $ 451,249 10.5 Direct premiums written (1) $ 1,697,598 $ 1,561,739 $ 135,859 8.7 $ 4,893,922 $ 4,492,167 $ 401,755 8.9 Net realized investment (losses) gains, net of tax (3) $ (206,938) $ 66,716 $(273,654) (410.2) $ (142,182) $ 103,688 $ (245,870) (237.1) Net (loss) income $ (13,685) $ 280,403 $(294,088) (104.9) $ 440,237 $ 338,547 $ 101,690 30.0 Net (loss) income per diluted share $ (0.25) $ 5.06 $ (5.31) (104.9) $ 7.95 $ 6.11 $ 1.84 30.1 Operating income (1) $ 193,253 $ 213,687 $ (20,434) (9.6) $ 582,419 $ 234,859 $ 347,560 148.0 Operating income per diluted share (1) $ 3.49 $ 3.86 $ (0.37) (9.6) $ 10.52 $ 4.24 $ 6.28 148.1 Catastrophe losses net of reinsurance (4) $ 23,000 $ 29,000 $ (6,000) (20.7) $ 191,000 $ 489,000 $ (298,000) (60.9) Combined ratio (5) 90.2 % 87.0 % — 3.2 pts 89.8 % 99.0 % — (9.2) pts (1) These measures are not based on U.S. generally accepted accounting principles ("GAAP"), are defined in "Information Regarding GAAP and Non-GAAP Measures" and are reconciled to the most directly comparable GAAP measures in "Supplemental Schedules." (2) Both net premiums earned and net premiums written for the nine months ended September 30, 2025 include $101 million of increased ceded premiums due to the reinstatement premiums paid and recorded in the first half of 2025 to reinstate the fully exhausted reinsurance coverage layers of its catastrophe reinsurance treaty ended June 30, 2025 following the Palisades and Eaton wildfires in January 2025.










