Mercury General: 2Q Earnings Snapshot

July 30, 2018

LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported second-quarter net income of $60.2 million.

The Los Angeles-based company said it had profit of $1.09 per share. Earnings, adjusted for investment gains, were 88 cents per share.

The auto insurance company posted revenue of $885.4 million in the period. Its adjusted revenue was $871.1 million.

Mercury General shares have declined 15 percent since the beginning of the year. The stock has fallen 19 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCY at https://www.zacks.com/ap/MCY

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