AP NEWS

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.

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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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