Mercury General Corp. reported a fourth-quarter loss of $81.9 million, after reporting a profit in the same period a year earlier.
The Los Angeles, Calif.-based carrier said it had a loss of $1.48 per share. Losses, adjusted for investment costs, were 26 cents per share.
The auto insurance company posted revenue of $816.6 million in the period. Its adjusted revenue was $901.8 million.
For the year, the company reported a loss of $5.7 million, or 10 cents per share, swinging to a loss in the period. Revenue was reported as $3.51 billion.
Mercury General shares have risen slightly more than 3 percent since the beginning of the year. The stock has risen 24 percent in the last 12 months.
Topics California Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees 
Jury Finds New Orleans Attorneys Guilty in Staged Auto Accident Scheme 
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
