Mercury General Corp. on Monday reported fourth-quarter profit of $31.7 million.
On a per-share basis, the Los Angeles-based company said it had profit of 57 cents. Earnings, adjusted for investment gains, came to 21 cents per share.
The auto insurance company posted revenue of $988 million in the period. Its adjusted revenue was $962.9 million.
For the year, the company reported net income of $320.1 million, or $5.78 per share, swinging to a profit in the period. Revenue was reported as $3.75 billion.
Mercury General shares have climbed slightly since the beginning of the year. The stock has decreased slightly more than 8% in the last 12 months.
Topics California Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
‘Structural Shift’ Occurring in California Surplus Lines 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
