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Mercury General posts 4Q profit

LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported fourth-quarter net income of $19.8 million, after reporting a loss in the same period a year earlier.

The Los Angeles-based company said it had net income of 36 cents per share. Earnings, adjusted for investment gains, were 15 cents per share.

The auto insurance company posted revenue of $857.3 million in the period. Its adjusted revenue was $839.9 million.

For the year, the company reported profit of $144.9 million, or $2.62 per share. Revenue was reported as $3.33 billion.

Mercury General shares have fallen slightly more than 8 percent since the beginning of the year. The stock has decreased 22 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