Mercury General Corp (MCY) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Mercury General reported revenue of $5.99B, up 9.4% from $5.48B the year before. Net income was $541.1M (a 9.0% net margin), or $9.77 per diluted share. Gross margin was 99.7% and operating margin was 99.7%. Operating activities generated $1.09B of cash, leaving $1.03B of free cash flow. At fiscal year end, Mercury General held $9.56B in total assets against $7.14B in total liabilities.
Open the full interactive Mercury General financials → Quarterly statements, key ratios, valuation history and price charts.
Mercury General Key Stats
| Share Price | $102.88 |
|---|---|
| Market Cap | $5.70B |
| P/E Ratio | 10.5 |
| Revenue YoY Growth | +9.4% |
| 52-Week Range | $75.21 – $110.77 |
| Shares Outstanding | 55.4 million (basic, 2026 Q2) |
Mercury General Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.78B | $3.99B | $3.64B | $4.63B | $5.48B | $5.99B |
| Cost of Goods Sold | $11.8M | $12.8M | $11.0M | $11.4M | $13.4M | $15.2M |
| Gross Profit | $3.77B | $3.98B | $3.63B | $4.62B | $5.46B | $5.98B |
| Operating Income | $3.77B | $3.98B | $3.63B | $4.62B | $5.46B | $5.98B |
| Pre-Tax Income | $458.5M | $299.3M | -$670.7M | $99.4M | $574.9M | $663.6M |
| Income Tax | $83.9M | $51.4M | -$158.0M | $3.1M | $106.9M | $122.6M |
| Net Income | $374.6M | $247.9M | -$512.7M | $96.3M | $468.0M | $541.1M |
| Diluted EPS | $6.77 | $4.48 | -$9.26 | $1.74 | $8.45 | $9.77 |
Mercury General Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.58B | $1.54B | $1.54B | $1.68B |
| Net Income | $280.4M | $202.5M | $190.4M | $263.5M |
| Diluted EPS | $5.06 | $3.66 | $3.44 | $4.76 |
Mercury General Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $6.33B | $6.77B | $6.51B | $7.10B | $8.31B | $9.56B |
| Total Long-Term Debt | $375.0M | $375.0M | $400.0M | $575.0M | $575.0M | $575.0M |
| Total Liabilities | $4.30B | $4.63B | $4.99B | $5.56B | $6.36B | $7.14B |
| Shareholders' Equity | $2.03B | $2.14B | $1.52B | $1.55B | $1.95B | $2.42B |
Mercury General Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $605.6M | $501.6M | $352.6M | $453.0M | $1.04B | $1.09B |
| Cash From Investing | -$411.3M | -$373.7M | -$316.4M | -$295.4M | -$796.7M | -$420.2M |
| Cash From Financing | -$140.2M | -$140.8M | -$82.0M | $103.6M | -$71.1M | -$71.7M |
| Free Cash Flow | $565.7M | $460.1M | $317.1M | $416.2M | $991.0M | $1.03B |
| Dividends Paid | $139.6M | $140.2M | $105.5M | $70.3M | — | — |
Figures from Mercury General's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mercury General financials page for every line item.
Mercury General Company Profile
| Ticker | MCY |
|---|---|
| Exchange | NYSE |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Los Angeles, California |
| Incorporated in | California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000064996 |
Frequently Asked Questions
What was Mercury General's revenue in fiscal 2025?
Mercury General (MCY) reported revenue of $5.99B for fiscal 2025.
What is Mercury General's annual revenue history?
Mercury General's annual revenue by fiscal year: 2020: $3.78B; 2021: $3.99B; 2022: $3.64B; 2023: $4.63B; 2024: $5.48B; 2025: $5.99B.
What was Mercury General's net income in fiscal 2025?
Mercury General reported net income of $541.1M for fiscal 2025.
What was Mercury General's earnings per share (EPS) in fiscal 2025?
Mercury General's diluted EPS was $9.77 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mercury General generate in fiscal 2025?
Mercury General generated $1.03B of free cash flow in fiscal 2025.
What was Mercury General's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mercury General reported revenue of $1.68B.
How much debt does Mercury General have?
Mercury General reported $575.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mercury General are outstanding?
Mercury General reported a weighted average of 55.4 million basic shares outstanding in 2026 Q2.
What is Mercury General's market cap?
Based on its latest closing price, Mercury General (MCY) has a market capitalization of about $5.70B.
When does Mercury General's fiscal year end?
Mercury General's fiscal year end, as registered with the SEC, is December 31.
Where is Mercury General headquartered?
Mercury General lists its business address in Los Angeles, California in its SEC filings.