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Mercury General posts 3Q profit

LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported third-quarter earnings of $46.5 million.

The Los Angeles-based company said it had net income of 84 cents per share. Earnings, adjusted for investment gains, were 60 cents per share.

The auto insurance company posted revenue of $858.4 million in the period. Its adjusted revenue was $837.6 million.

Mercury General shares have declined roughly 7 percent since the beginning of the year. The stock has increased 11 percent 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