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Mercury General: 1Q Earnings Snapshot

LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported first-quarter net income of $135.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Los Angeles-based company said it had profit of $2.45. Earnings, adjusted for investment gains, were 87 cents per share.

The auto insurance company posted revenue of $1.02 billion in the period. Its adjusted revenue was $906.7 million.

Mercury General shares have climbed almost 3% since the beginning of the year. The stock has risen 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MCY at https://www.zacks.com/ap/MCY