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.
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
Should Parents Be Responsible for Kids Getting Hurt and Killed on E-Bikes? 
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
