{"id":1950,"date":"2025-07-30T12:00:35","date_gmt":"2025-07-30T12:00:35","guid":{"rendered":"https:\/\/beijingcareer.com\/?p=1950"},"modified":"2025-07-30T18:27:07","modified_gmt":"2025-07-30T18:27:07","slug":"mercury-general-reports-166-rise-in-net-income-to-167m-in-q225","status":"publish","type":"post","link":"https:\/\/beijingcareer.com\/index.php\/2025\/07\/30\/mercury-general-reports-166-rise-in-net-income-to-167m-in-q225\/","title":{"rendered":"Mercury General reports 166% rise in net income to $167m in Q2\u201925"},"content":{"rendered":"

Mercury General Corporation has reported net income of $166.5 million for the second quarter of 2025, representing a significant 166.1% increase compared to $62.6 million in the same quarter a year prior.<\/p>\n

\"MercuryOperating income also improved sharply, rising from $60.3 million in Q2\u201924 to $147.9 million in Q2\u201925.<\/p>\n

Mercury\u2019s net premiums earned for the quarter reached $1.37 billion, up 10.6% from $1.24 billion the year prior.<\/p>\n

Net premiums written stood at $1.48 billion, representing a 9.2% increase compared to $1.36 billion.<\/p>\n

Total revenues were $1.48 billion, up from $1.3 billion.<\/p>\n

\n
\n

\"Register<\/a><!–\"Download<\/a>–><\/p>\n<\/div>\n<\/div>\n

The company\u2019s combined ratio in Q2\u201925 was 92.5%, a 6.4 point improvement from 98.9% in Q2\u201924. This consisted of a loss ratio of 68.8% and an expense ratio of 23.7%, compared to a loss ratio of 75.8% and an expense ratio of 23.1% in the prior-year quarter.<\/p>\n

Catastrophe losses, net of reinsurance, declined to $13 million in Q2’25 from $125 million in Q2’24, but for the first half of the year rose to $460 million from $197 million, driven by losses resulted from the Palisades and Eaton wildfires in California and severe storms in Texas and Oklahoma.<\/p>\n

Mercury explains that catastrophe losses, net of reinsurance, for Q2’25 and H1’25 was reduced by approximately $50 million and $575 million, respectively, from subrogation recorded on the Palisades and Eaton wildfires.<\/p>\n

Due to the California wildfires in January 2025, Mercury recorded net catastrophe losses and loss adjustment expenses before taxes of approximately $359 million from the Palisades and Eaton wildfires, reflected in its consolidated statements of operations for the first half of 2025.<\/p>\n

Meanwhile, for the first half of 2025, Mercury reported net income of $58.1 million, representing a 57.3% decrease from $136 million in H1\u201924.<\/p>\n

Operating income in H1\u201925 was $21.2 million, down 79.6% from $103.6 million the year prior.<\/p>\n

Net premiums earned amounted to $2.65 billion, a 10.3% increase from $2.4 billion. Net premiums written were $2.8 billion, up 5.9% from $2.64 billion.<\/p>\n

Total revenues stood at $2.87 billion, an increase from $2.58 billion.<\/p>\n

Mercury\u2019s combined ratio was 105.4%, up from 99.9% the year prior, consisting of a loss ratio of 81.5% and an expense ratio of 23.9%, versus a loss ratio of 76.6% and an expense ratio of 23.3% in H1\u201924.<\/p>\n

The post Mercury General reports 166% rise in net income to $167m in Q2\u201925<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mercury General Corporation has reported net income of $166.5 million for the second quarter of 2025, representing a significant 166.1% increase compared to $62.6 million in the same quarter a year prior. Operating income also improved sharply, rising from $60.3 million in Q2\u201924 to $147.9 million in Q2\u201925. Mercury\u2019s net premiums earned for the quarter […]<\/p>\n","protected":false},"author":1,"featured_media":1952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/1950"}],"collection":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/comments?post=1950"}],"version-history":[{"count":3,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/1950\/revisions"}],"predecessor-version":[{"id":1954,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/1950\/revisions\/1954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media\/1952"}],"wp:attachment":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media?parent=1950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/categories?post=1950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/tags?post=1950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}