Mercury General Corp. this week reported a first-quarter loss of $139.2 million, after reporting a profit in the same period a year earlier.
The Los Angeles-based company said it had a loss of $2.51 per share. Earnings, adjusted for investment costs, were $1.07 per share.
The auto insurance company posted revenue of $708.3 million in the period. Its adjusted revenue was $959.6 million.
Mercury General shares have declined 19% since the beginning of the year. The stock has declined 28% in the last 12 months.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics California Profit Loss
Was this article valuable?
Here are more articles you may enjoy.