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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Mercury General Corporation (MCY) is 8/10.
Mercury General's Q1 2026 demonstrated the underlying strength of the franchise with a combined ratio of 89.3% and net income of $190 million ($3.44 per share), a dramatic reversal from the prior-year Q1 net loss of $108 million during the wildfire catastrophe. NPE accelerated to 13.2% growth and NWP surged 16.6%, reflecting strong rate adequacy and policy count expansion to 2.31 million total PIF. Wildfire reserves continued to develop with an additional $43 million recognized, pushing cumulative net wildfire losses to $424 million, while investment income grew modestly as lower reinvestment yields partially offset a larger portfolio base.
Scored from Mercury General Corporation’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.37B | -0.6% | $1.82 | -47.4% | 9.0% | 7.4% |
| FY2025 Q1 | $1.39B | +9.4% | $-1.96 | -247.4% | -10.2% | -7.8% |
| FY2025 Q2 | $1.48B | +13.2% | $3.01 | +166.4% | 14.0% | 11.3% |
| FY2025 Q3 | $1.58B | +3.6% | $5.06 | +21.3% | 22.1% | 17.7% |
| FY2025 Q4 | $1.54B | +12.4% | $3.66 | +101.1% | 16.2% | 13.2% |
| FY2026 Q1 | $1.54B | +10.5% | $3.44 | +275.5% | 15.3% | 12.4% |
| FY2026 Q2 | $1.68B | +13.8% | $4.76 | +58.1% | 19.5% | 15.7% |