Mercury General Corporation announced Q4 and full-year 2025 financial results, reporting net income of $202.5 million ($3.66 diluted EPS) for Q4 and $541.1 million ($9.77 diluted EPS) for the year, with combined ratios of 88.6% and 96.3%, respectively, and declared a $0.3175 quarterly dividend. Results reflect strong performance post-Palisades and Eaton wildfires, with $380 million net catastrophe losses.
Key takeaways
Q4 2025 net income $202,547 (up 100.4% YoY), diluted EPS $3.66 (up 101.1%)
Full-year 2025 net income $541,094 (up 15.6% YoY), diluted EPS $9.77 (up 15.6%)
Q4 net premiums earned $1,445,404 (up 6.9% YoY), combined ratio 88.6% (improved 2.8 pts)
Full-year net premiums earned $5,505,613 (up 8.5% YoY), combined ratio 96.3%