Mercury General Corp. on Monday reported second-quarter earnings of $228.2 million.
The Los Angeles-based company said it had net income of $4.12 per share. Earnings, adjusted for investment gains, were $1.86 per share.
The auto insurance company posted revenue of $1.01 billion in the period. Its adjusted revenue was $847.4 million.
Mercury General shares have decreased 12% since the beginning of the year. The stock has fallen 24% in the last 12 months.
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