Annual Income Statements for Mercury General
This table shows Mercury General's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Mercury General
This table shows Mercury General's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-98 |
-6.77 |
-45 |
-42 |
-8.23 |
191 |
73 |
63 |
231 |
101 |
-108 |
Consolidated Net Income / (Loss) |
|
-98 |
-6.77 |
-45 |
-42 |
-8.23 |
191 |
73 |
63 |
231 |
101 |
-108 |
Net Income / (Loss) Continuing Operations |
|
-98 |
-6.77 |
-45 |
-42 |
-8.23 |
191 |
73 |
63 |
231 |
101 |
-108 |
Total Pre-Tax Income |
|
-129 |
-17 |
-62 |
-61 |
-15 |
238 |
89 |
75 |
287 |
123 |
-142 |
Total Revenue |
|
896 |
1,147 |
1,102 |
1,078 |
1,059 |
1,367 |
1,266 |
1,297 |
1,523 |
1,359 |
1,387 |
Net Interest Income / (Expense) |
|
-4.27 |
-4.41 |
-4.93 |
-5.55 |
-5.92 |
-7.77 |
-7.77 |
-7.80 |
-7.72 |
-7.54 |
-7.19 |
Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Interest Expense |
|
4.27 |
4.41 |
4.93 |
5.55 |
5.92 |
7.77 |
7.77 |
7.80 |
7.72 |
7.54 |
7.19 |
Long-Term Debt Interest Expense |
|
4.27 |
4.41 |
4.93 |
5.55 |
5.92 |
7.77 |
7.77 |
7.80 |
7.72 |
7.54 |
7.19 |
Total Non-Interest Income |
|
900 |
1,152 |
1,107 |
1,083 |
1,065 |
1,375 |
1,274 |
1,305 |
1,530 |
1,366 |
1,394 |
Other Service Charges |
|
3.00 |
3.17 |
0.89 |
10 |
3.92 |
4.61 |
4.20 |
-2.90 |
23 |
7.68 |
6.01 |
Net Realized & Unrealized Capital Gains on Investments |
|
-144 |
93 |
49 |
-20 |
-90 |
162 |
38 |
2.90 |
114 |
-67 |
23 |
Premiums Earned |
|
997 |
1,005 |
1,005 |
1,034 |
1,090 |
1,145 |
1,167 |
1,236 |
1,321 |
1,352 |
1,283 |
Other Non-Interest Income |
|
45 |
50 |
52 |
58 |
61 |
63 |
65 |
69 |
73 |
73 |
81 |
Total Non-Interest Expense |
|
1,025 |
1,165 |
1,164 |
1,139 |
1,075 |
1,129 |
1,177 |
1,222 |
1,236 |
1,235 |
1,529 |
Property & Liability Insurance Claims |
|
787 |
926 |
930 |
898 |
824 |
867 |
904 |
937 |
918 |
925 |
1,221 |
Other Operating Expenses |
|
69 |
71 |
70 |
68 |
69 |
72 |
77 |
82 |
87 |
82 |
79 |
Amortization Expense |
|
169 |
167 |
165 |
173 |
182 |
190 |
196 |
204 |
230 |
228 |
229 |
Income Tax Expense |
|
-31 |
-11 |
-17 |
-20 |
-7.00 |
47 |
16 |
13 |
56 |
22 |
-34 |
Basic Earnings per Share |
|
($1.78) |
($0.12) |
($0.82) |
($0.75) |
($0.15) |
$3.46 |
$1.33 |
$1.13 |
$4.17 |
$1.82 |
($1.96) |
Weighted Average Basic Shares Outstanding |
|
55.37M |
110.74M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.39M |
55.39M |
Diluted Earnings per Share |
|
($1.78) |
($0.12) |
($0.82) |
($0.75) |
($0.15) |
$3.46 |
$1.33 |
$1.13 |
$4.17 |
$1.82 |
($1.96) |
Weighted Average Diluted Shares Outstanding |
|
55.37M |
110.74M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.38M |
55.38M |
55.39M |
55.39M |
Weighted Average Basic & Diluted Shares Outstanding |
|
55.37M |
110.74M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.39M |
55.39M |
Cash Dividends to Common per Share |
|
$0.32 |
- |
$0.32 |
$0.32 |
$0.32 |
- |
$0.32 |
$0.32 |
$0.32 |
- |
$0.32 |
Annual Cash Flow Statements for Mercury General
This table details how cash moves in and out of Mercury General's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-26 |
-44 |
71 |
23 |
-20 |
54 |
-13 |
-46 |
261 |
169 |
Net Cash From Operating Activities |
|
190 |
292 |
341 |
383 |
520 |
606 |
502 |
353 |
453 |
1,037 |
Net Cash From Continuing Operating Activities |
|
190 |
292 |
341 |
383 |
520 |
606 |
502 |
352 |
453 |
1,037 |
Net Income / (Loss) Continuing Operations |
|
74 |
73 |
145 |
-5.73 |
320 |
375 |
248 |
-513 |
96 |
468 |
Consolidated Net Income / (Loss) |
|
74 |
73 |
145 |
-5.73 |
320 |
375 |
248 |
-513 |
96 |
468 |
Depreciation Expense |
|
48 |
53 |
55 |
59 |
65 |
68 |
79 |
82 |
72 |
73 |
Non-Cash Adjustments to Reconcile Net Income |
|
84 |
34 |
-87 |
134 |
-223 |
-86 |
-112 |
488 |
-107 |
-102 |
Changes in Operating Assets and Liabilities, net |
|
-16 |
131 |
228 |
197 |
358 |
248 |
286 |
294 |
391 |
598 |
Net Cash From Investing Activities |
|
-82 |
-227 |
-186 |
-222 |
-401 |
-411 |
-374 |
-316 |
-295 |
-797 |
Net Cash From Continuing Investing Activities |
|
-82 |
-227 |
-186 |
-222 |
-401 |
-411 |
-374 |
-316 |
-295 |
-797 |
Purchase of Investment Securities |
|
-1,734 |
-2,000 |
-1,585 |
-1,733 |
-1,707 |
-2,149 |
-2,460 |
-2,873 |
-2,178 |
-3,431 |
Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
- |
- |
- |
0.03 |
0.00 |
30 |
13 |
Sale and/or Maturity of Investments |
|
1,646 |
1,744 |
1,444 |
1,524 |
1,308 |
1,737 |
2,078 |
2,535 |
1,889 |
2,589 |
Other Investing Activities, net |
|
-1.39 |
30 |
-45 |
14 |
-2.54 |
0.87 |
8.33 |
22 |
-36 |
32 |
Net Cash From Financing Activities |
|
-134 |
-109 |
-85 |
-138 |
-138 |
-140 |
-141 |
-82 |
104 |
-71 |
Net Cash From Continuing Financing Activities |
|
-134 |
-109 |
-85 |
-138 |
-138 |
-140 |
-141 |
-82 |
104 |
-71 |
Issuance of Debt |
|
0.00 |
30 |
371 |
- |
- |
0.00 |
0.00 |
25 |
175 |
0.00 |
Repayment of Debt |
|
0.00 |
0.00 |
-320 |
0.00 |
0.00 |
-0.61 |
-0.83 |
-1.50 |
-1.10 |
-1.53 |
Payment of Dividends |
|
-136 |
-137 |
-138 |
-138 |
-139 |
-140 |
-140 |
-105 |
-70 |
-70 |
Other Financing Activities, Net |
|
2.11 |
-1.66 |
2.16 |
0.36 |
0.70 |
0.00 |
0.22 |
0.00 |
0.00 |
0.75 |
Cash Interest Paid |
|
2.99 |
3.53 |
9.86 |
17 |
17 |
17 |
17 |
17 |
23 |
30 |
Cash Income Taxes Paid |
|
31 |
-0.18 |
25 |
-11 |
-15 |
53 |
69 |
-27 |
-58 |
95 |
Quarterly Cash Flow Statements for Mercury General
This table details how cash moves in and out of Mercury General's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
46 |
-46 |
-19 |
87 |
96 |
97 |
-21 |
79 |
6.94 |
104 |
565 |
Net Cash From Operating Activities |
|
90 |
68 |
18 |
87 |
122 |
225 |
193 |
278 |
318 |
248 |
-69 |
Net Cash From Continuing Operating Activities |
|
90 |
67 |
18 |
87 |
122 |
225 |
193 |
278 |
312 |
255 |
-69 |
Net Income / (Loss) Continuing Operations |
|
-98 |
-6.77 |
-45 |
-42 |
-8.23 |
191 |
73 |
63 |
231 |
101 |
-108 |
Consolidated Net Income / (Loss) |
|
-98 |
-6.77 |
-45 |
-42 |
-8.23 |
191 |
73 |
63 |
231 |
101 |
-108 |
Depreciation Expense |
|
19 |
18 |
17 |
19 |
18 |
18 |
17 |
17 |
19 |
20 |
17 |
Non-Cash Adjustments to Reconcile Net Income |
|
144 |
-93 |
-47 |
12 |
90 |
-162 |
-38 |
3.32 |
-141 |
73 |
-23 |
Changes in Operating Assets and Liabilities, net |
|
25 |
149 |
93 |
98 |
22 |
178 |
140 |
195 |
203 |
61 |
46 |
Net Cash From Investing Activities |
|
-26 |
-121 |
-70 |
18 |
-133 |
-111 |
-195 |
-181 |
-294 |
-127 |
652 |
Net Cash From Continuing Investing Activities |
|
-26 |
-121 |
-70 |
18 |
-133 |
-111 |
-195 |
-181 |
-294 |
-127 |
652 |
Purchase of Investment Securities |
|
-769 |
-792 |
-482 |
-422 |
-635 |
-639 |
-830 |
-751 |
-952 |
-899 |
-806 |
Sale and/or Maturity of Investments |
|
757 |
638 |
449 |
403 |
486 |
552 |
624 |
560 |
652 |
753 |
1,489 |
Other Investing Activities, net |
|
-14 |
33 |
-38 |
8.46 |
16 |
-24 |
11 |
9.82 |
-6.58 |
18 |
-32 |
Net Cash From Financing Activities |
|
-18 |
7.06 |
32 |
-18 |
107 |
-18 |
-19 |
-18 |
-18 |
-17 |
-18 |
Net Cash From Continuing Financing Activities |
|
-18 |
7.06 |
32 |
-18 |
107 |
-18 |
-19 |
-18 |
-18 |
-17 |
-18 |
Repayment of Debt |
|
-0.21 |
-0.36 |
-0.49 |
-0.15 |
-0.21 |
-0.25 |
-0.99 |
-0.44 |
0.02 |
-0.12 |
-0.75 |
Payment of Dividends |
|
-18 |
-18 |
-18 |
-18 |
-18 |
-18 |
-18 |
-18 |
-18 |
-18 |
-18 |
Cash Interest Paid |
|
8.29 |
0.05 |
8.32 |
0.09 |
11 |
3.47 |
12 |
3.27 |
12 |
3.29 |
11 |
Cash Income Taxes Paid |
|
0.00 |
-27 |
0.00 |
-0.07 |
0.00 |
-58 |
3.40 |
21 |
19 |
51 |
-3.28 |
Annual Balance Sheets for Mercury General
This table presents Mercury General's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
4,629 |
4,789 |
5,101 |
5,434 |
5,889 |
6,328 |
6,772 |
6,514 |
7,103 |
8,311 |
Cash and Due from Banks |
|
264 |
220 |
291 |
314 |
294 |
348 |
336 |
290 |
551 |
720 |
Trading Account Securities |
|
3,195 |
3,172 |
3,430 |
3,515 |
3,818 |
4,354 |
5,002 |
4,788 |
5,050 |
5,793 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
43 |
41 |
39 |
45 |
40 |
43 |
43 |
52 |
59 |
68 |
Premises and Equipment, Net |
|
157 |
156 |
145 |
153 |
169 |
179 |
191 |
171 |
151 |
138 |
Unearned Premiums Asset |
|
437 |
459 |
474 |
555 |
605 |
589 |
616 |
566 |
602 |
691 |
Deferred Acquisition Cost |
|
202 |
201 |
198 |
215 |
233 |
247 |
258 |
266 |
294 |
335 |
Goodwill |
|
43 |
43 |
43 |
43 |
43 |
43 |
43 |
43 |
43 |
43 |
Intangible Assets |
|
32 |
26 |
21 |
16 |
11 |
11 |
10 |
9.21 |
8.33 |
7.68 |
Other Assets |
|
256 |
471 |
460 |
578 |
676 |
514 |
273 |
328 |
345 |
515 |
Total Liabilities & Shareholders' Equity |
|
4,629 |
4,789 |
5,101 |
5,434 |
5,889 |
6,328 |
6,772 |
6,514 |
7,103 |
8,311 |
Total Liabilities |
|
2,808 |
3,036 |
3,340 |
3,816 |
4,090 |
4,296 |
4,632 |
4,992 |
5,555 |
6,364 |
Other Short-Term Payables |
|
123 |
112 |
108 |
115 |
143 |
194 |
169 |
152 |
175 |
242 |
Long-Term Debt |
|
290 |
320 |
371 |
372 |
372 |
373 |
373 |
398 |
574 |
574 |
Claims and Claim Expense |
|
1,147 |
1,290 |
1,511 |
1,829 |
1,921 |
1,991 |
2,226 |
2,585 |
2,786 |
3,152 |
Unearned Premiums Liability |
|
1,049 |
1,074 |
1,102 |
1,236 |
1,356 |
1,406 |
1,520 |
1,546 |
1,736 |
2,040 |
Other Long-Term Liabilities |
|
199 |
239 |
248 |
264 |
297 |
321 |
344 |
311 |
285 |
356 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,821 |
1,752 |
1,761 |
1,618 |
1,800 |
2,033 |
2,140 |
1,522 |
1,548 |
1,947 |
Total Preferred & Common Equity |
|
1,821 |
1,752 |
1,761 |
1,618 |
1,800 |
2,033 |
2,140 |
1,522 |
1,548 |
1,947 |
Total Common Equity |
|
1,821 |
1,752 |
1,761 |
1,618 |
1,800 |
2,033 |
2,140 |
1,522 |
1,548 |
1,947 |
Common Stock |
|
100 |
96 |
98 |
98 |
99 |
99 |
99 |
99 |
99 |
100 |
Retained Earnings |
|
1,721 |
1,657 |
1,664 |
1,520 |
1,701 |
1,934 |
2,041 |
1,423 |
1,449 |
1,847 |
Quarterly Balance Sheets for Mercury General
This table presents Mercury General's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
6,455 |
6,589 |
6,691 |
6,922 |
7,396 |
7,727 |
8,153 |
9,028 |
Cash and Due from Banks |
|
336 |
270 |
358 |
454 |
530 |
609 |
616 |
1,285 |
Trading Account Securities |
|
4,582 |
4,828 |
4,765 |
4,786 |
5,291 |
5,478 |
5,730 |
5,188 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
49 |
53 |
56 |
58 |
61 |
64 |
65 |
62 |
Premises and Equipment, Net |
|
190 |
159 |
160 |
149 |
152 |
134 |
136 |
142 |
Unearned Premiums Asset |
|
641 |
563 |
585 |
620 |
677 |
705 |
725 |
746 |
Deferred Acquisition Cost |
|
280 |
266 |
278 |
297 |
308 |
327 |
341 |
336 |
Goodwill |
|
43 |
43 |
43 |
43 |
43 |
43 |
43 |
43 |
Intangible Assets |
|
9.46 |
8.99 |
8.77 |
8.55 |
8.35 |
8.13 |
7.91 |
7.47 |
Other Assets |
|
325 |
398 |
437 |
508 |
326 |
358 |
489 |
1,219 |
Total Liabilities & Shareholders' Equity |
|
6,455 |
6,589 |
6,691 |
6,922 |
7,396 |
7,727 |
8,153 |
9,028 |
Total Liabilities |
|
4,908 |
5,130 |
5,291 |
5,548 |
5,792 |
6,078 |
6,291 |
7,207 |
Other Short-Term Payables |
|
155 |
151 |
165 |
167 |
178 |
204 |
232 |
172 |
Long-Term Debt |
|
373 |
448 |
449 |
574 |
574 |
574 |
574 |
574 |
Claims and Claim Expense |
|
2,433 |
2,678 |
2,720 |
2,724 |
2,859 |
2,976 |
3,074 |
3,793 |
Unearned Premiums Liability |
|
1,635 |
1,551 |
1,632 |
1,749 |
1,854 |
1,974 |
2,077 |
2,121 |
Other Long-Term Liabilities |
|
311 |
301 |
324 |
335 |
327 |
350 |
335 |
547 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,546 |
1,459 |
1,400 |
1,374 |
1,604 |
1,649 |
1,862 |
1,821 |
Total Preferred & Common Equity |
|
1,546 |
1,459 |
1,400 |
1,374 |
1,604 |
1,649 |
1,862 |
1,821 |
Total Common Equity |
|
1,546 |
1,459 |
1,400 |
1,374 |
1,604 |
1,649 |
1,862 |
1,821 |
Common Stock |
|
99 |
99 |
99 |
99 |
99 |
99 |
99 |
100 |
Retained Earnings |
|
1,448 |
1,360 |
1,301 |
1,275 |
1,505 |
1,550 |
1,763 |
1,721 |
Annual Metrics And Ratios for Mercury General
This table displays calculated financial ratios and metrics derived from Mercury General's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-0.10% |
7.24% |
5.49% |
-1.11% |
18.13% |
-5.16% |
5.54% |
-8.81% |
27.02% |
18.23% |
EBITDA Growth |
|
-59.78% |
4.77% |
79.31% |
-87.33% |
1,532.01% |
14.60% |
-28.20% |
-255.49% |
129.18% |
277.66% |
EBIT Growth |
|
-71.48% |
0.32% |
136.03% |
-118.32% |
1,390.56% |
16.05% |
-34.72% |
-324.09% |
114.82% |
478.19% |
NOPAT Growth |
|
-58.15% |
-1.96% |
98.41% |
-114.79% |
1,593.60% |
17.03% |
-33.81% |
-289.36% |
120.52% |
385.75% |
Net Income Growth |
|
-58.15% |
-1.93% |
98.37% |
-103.95% |
5,985.51% |
11.12% |
-33.81% |
-306.78% |
118.79% |
385.75% |
EPS Growth |
|
-58.20% |
-2.22% |
98.48% |
-103.82% |
5,880.00% |
17.13% |
-33.83% |
-306.70% |
118.79% |
385.63% |
Operating Cash Flow Growth |
|
-22.82% |
53.30% |
17.05% |
12.31% |
35.53% |
16.54% |
-17.18% |
-29.70% |
28.48% |
128.94% |
Free Cash Flow Firm Growth |
|
416.39% |
-13.59% |
-24.17% |
44.13% |
13.13% |
2.35% |
-0.89% |
-11.87% |
-185.25% |
165.83% |
Invested Capital Growth |
|
-2.52% |
-1.82% |
2.91% |
-6.72% |
9.16% |
10.75% |
4.49% |
-23.59% |
10.49% |
18.79% |
Revenue Q/Q Growth |
|
2.18% |
-1.49% |
3.54% |
-1.19% |
4.98% |
1.80% |
-0.56% |
2.90% |
5.01% |
-0.15% |
EBITDA Q/Q Growth |
|
74.38% |
-41.83% |
37.45% |
-81.32% |
54.55% |
44.44% |
-30.74% |
-10.66% |
304.46% |
-14.84% |
EBIT Q/Q Growth |
|
281.96% |
-51.45% |
56.85% |
-132.78% |
68.08% |
54.43% |
-36.53% |
-8.44% |
163.79% |
-16.60% |
NOPAT Q/Q Growth |
|
146.95% |
-40.36% |
46.33% |
-122.34% |
54.97% |
56.38% |
-35.47% |
-8.44% |
188.30% |
-16.18% |
Net Income Q/Q Growth |
|
147.61% |
-40.42% |
46.41% |
-105.97% |
63.25% |
46.01% |
-35.47% |
-7.83% |
194.61% |
-16.18% |
EPS Q/Q Growth |
|
154.72% |
-40.54% |
46.37% |
-105.75% |
55.38% |
55.99% |
-35.35% |
-7.93% |
194.57% |
-16.25% |
Operating Cash Flow Q/Q Growth |
|
-2.80% |
14.21% |
-3.65% |
-1.72% |
10.14% |
10.24% |
-15.04% |
-1.63% |
53.36% |
2.27% |
Free Cash Flow Firm Q/Q Growth |
|
2.98% |
-18.30% |
48.25% |
-11.37% |
0.02% |
0.18% |
0.11% |
-25.35% |
23.50% |
-1.07% |
Invested Capital Q/Q Growth |
|
-0.41% |
-1.57% |
-0.68% |
-5.53% |
-0.14% |
5.80% |
-0.18% |
0.04% |
8.93% |
3.46% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
3.94% |
3.85% |
6.54% |
0.84% |
11.58% |
13.99% |
9.52% |
-16.23% |
3.73% |
11.91% |
EBIT Margin |
|
2.35% |
2.20% |
4.91% |
-0.91% |
9.95% |
12.17% |
7.53% |
-18.50% |
2.16% |
10.56% |
Profit (Net Income) Margin |
|
2.48% |
2.27% |
4.26% |
-0.17% |
8.49% |
9.94% |
6.24% |
-14.14% |
2.09% |
8.59% |
Tax Burden Percent |
|
105.54% |
103.32% |
86.72% |
18.71% |
89.17% |
81.70% |
82.84% |
76.44% |
96.89% |
81.40% |
Interest Burden Percent |
|
100.01% |
99.87% |
100.00% |
100.00% |
95.69% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
-5.54% |
-3.28% |
13.29% |
0.00% |
15.34% |
18.30% |
17.16% |
0.00% |
3.11% |
18.60% |
Return on Invested Capital (ROIC) |
|
3.48% |
3.49% |
6.89% |
-1.04% |
15.38% |
16.37% |
10.08% |
-21.18% |
4.77% |
20.16% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
3.48% |
3.50% |
6.90% |
3.19% |
19.97% |
16.37% |
10.08% |
-32.37% |
4.77% |
20.16% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.55% |
0.60% |
1.36% |
0.70% |
4.35% |
3.18% |
1.80% |
-6.82% |
1.51% |
6.62% |
Return on Equity (ROE) |
|
4.03% |
4.09% |
8.25% |
-0.34% |
19.73% |
19.55% |
11.88% |
-28.00% |
6.28% |
26.78% |
Cash Return on Invested Capital (CROIC) |
|
6.04% |
5.33% |
4.02% |
5.91% |
6.63% |
6.17% |
5.69% |
5.56% |
-5.20% |
2.98% |
Operating Return on Assets (OROA) |
|
1.53% |
1.50% |
3.38% |
-0.58% |
6.98% |
7.51% |
4.57% |
-10.10% |
1.46% |
7.46% |
Return on Assets (ROA) |
|
1.61% |
1.55% |
2.93% |
-0.11% |
5.95% |
6.13% |
3.79% |
-7.72% |
1.41% |
6.07% |
Return on Common Equity (ROCE) |
|
4.03% |
4.09% |
8.25% |
-0.34% |
19.73% |
19.55% |
11.88% |
-28.00% |
6.28% |
26.78% |
Return on Equity Simple (ROE_SIMPLE) |
|
4.09% |
4.17% |
8.23% |
-0.35% |
18.73% |
18.43% |
11.58% |
-33.68% |
6.22% |
24.04% |
Net Operating Profit after Tax (NOPAT) |
|
74 |
73 |
145 |
-21 |
320 |
375 |
248 |
-470 |
96 |
468 |
NOPAT Margin |
|
2.48% |
2.27% |
4.26% |
-0.64% |
8.06% |
9.94% |
6.24% |
-12.95% |
2.09% |
8.59% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-0.01% |
-0.01% |
-4.23% |
-4.58% |
0.00% |
0.00% |
11.20% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
97.65% |
97.80% |
95.09% |
100.91% |
90.05% |
87.83% |
92.47% |
118.50% |
97.84% |
89.44% |
Earnings before Interest and Taxes (EBIT) |
|
71 |
71 |
167 |
-31 |
395 |
459 |
299 |
-671 |
99 |
575 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
118 |
124 |
222 |
28 |
460 |
527 |
378 |
-588 |
172 |
648 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.96 |
1.35 |
1.25 |
1.38 |
1.23 |
1.23 |
1.25 |
1.17 |
1.30 |
1.89 |
Price to Tangible Book Value (P/TBV) |
|
1.00 |
1.41 |
1.30 |
1.44 |
1.27 |
1.27 |
1.28 |
1.21 |
1.35 |
1.94 |
Price to Revenue (P/Rev) |
|
0.58 |
0.74 |
0.65 |
0.67 |
0.56 |
0.67 |
0.67 |
0.49 |
0.44 |
0.68 |
Price to Earnings (P/E) |
|
23.49 |
32.45 |
15.19 |
0.00 |
6.91 |
6.70 |
10.75 |
0.00 |
20.97 |
7.87 |
Dividend Yield |
|
7.80% |
5.79% |
6.26% |
6.19% |
6.29% |
5.57% |
5.26% |
5.93% |
3.48% |
1.91% |
Earnings Yield |
|
4.26% |
3.08% |
6.58% |
0.00% |
14.47% |
14.93% |
9.31% |
0.00% |
4.77% |
12.71% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.84 |
1.19 |
1.07 |
1.15 |
1.05 |
1.05 |
1.08 |
0.98 |
0.96 |
1.40 |
Enterprise Value to Revenue (EV/Rev) |
|
0.59 |
0.77 |
0.67 |
0.68 |
0.58 |
0.67 |
0.68 |
0.52 |
0.44 |
0.65 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
14.99 |
19.91 |
10.26 |
81.49 |
4.98 |
4.81 |
7.14 |
0.00 |
11.90 |
5.45 |
Enterprise Value to EBIT (EV/EBIT) |
|
25.15 |
34.90 |
13.65 |
0.00 |
5.79 |
5.52 |
9.03 |
0.00 |
20.54 |
6.15 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
23.83 |
33.83 |
15.75 |
0.00 |
7.15 |
6.76 |
10.90 |
0.00 |
21.20 |
7.55 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
9.33 |
8.47 |
6.68 |
5.99 |
4.41 |
4.18 |
5.39 |
5.35 |
4.51 |
3.41 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
13.76 |
22.15 |
26.98 |
18.84 |
16.61 |
17.95 |
19.32 |
15.31 |
0.00 |
51.10 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.16 |
0.18 |
0.21 |
0.23 |
0.21 |
0.18 |
0.17 |
0.26 |
0.37 |
0.30 |
Long-Term Debt to Equity |
|
0.16 |
0.18 |
0.21 |
0.23 |
0.21 |
0.18 |
0.17 |
0.26 |
0.37 |
0.30 |
Financial Leverage |
|
0.16 |
0.17 |
0.20 |
0.22 |
0.22 |
0.19 |
0.18 |
0.21 |
0.32 |
0.33 |
Leverage Ratio |
|
2.50 |
2.64 |
2.81 |
3.12 |
3.31 |
3.19 |
3.14 |
3.63 |
4.44 |
4.41 |
Compound Leverage Factor |
|
2.50 |
2.63 |
2.81 |
3.12 |
3.17 |
3.19 |
3.14 |
3.63 |
4.44 |
4.41 |
Debt to Total Capital |
|
13.74% |
15.44% |
17.41% |
18.69% |
17.14% |
15.49% |
14.84% |
20.74% |
27.04% |
22.78% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
13.74% |
15.44% |
17.41% |
18.69% |
17.14% |
15.49% |
14.84% |
20.74% |
27.04% |
22.78% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
86.26% |
84.56% |
82.59% |
81.31% |
82.86% |
84.51% |
85.16% |
79.26% |
72.96% |
77.22% |
Debt to EBITDA |
|
2.45 |
2.58 |
1.67 |
13.19 |
0.81 |
0.71 |
0.99 |
-0.68 |
3.34 |
0.89 |
Net Debt to EBITDA |
|
0.22 |
0.80 |
0.36 |
2.04 |
0.17 |
0.05 |
0.10 |
-0.18 |
0.13 |
-0.23 |
Long-Term Debt to EBITDA |
|
2.45 |
2.58 |
1.67 |
13.19 |
0.81 |
0.71 |
0.99 |
-0.68 |
3.34 |
0.89 |
Debt to NOPAT |
|
3.89 |
4.38 |
2.56 |
-17.35 |
1.16 |
0.99 |
1.50 |
-0.85 |
5.96 |
1.23 |
Net Debt to NOPAT |
|
0.35 |
1.37 |
0.55 |
-2.68 |
0.24 |
0.06 |
0.15 |
-0.23 |
0.24 |
-0.31 |
Long-Term Debt to NOPAT |
|
3.89 |
4.38 |
2.56 |
-17.35 |
1.16 |
0.99 |
1.50 |
-0.85 |
5.96 |
1.23 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
129 |
112 |
85 |
122 |
138 |
141 |
140 |
123 |
-105 |
69 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
1,371.42% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
40.73 |
28.14 |
5.57 |
7.15 |
8.09 |
8.28 |
8.17 |
7.15 |
-4.35 |
2.24 |
Operating Cash Flow to Interest Expense |
|
60.06 |
73.62 |
22.51 |
22.51 |
30.51 |
35.52 |
29.31 |
20.46 |
18.74 |
33.65 |
Operating Cash Flow Less CapEx to Interest Expense |
|
60.06 |
73.62 |
22.51 |
20.87 |
30.51 |
35.52 |
29.31 |
20.46 |
19.98 |
34.06 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.65 |
0.68 |
0.69 |
0.64 |
0.70 |
0.62 |
0.61 |
0.55 |
0.68 |
0.71 |
Fixed Asset Turnover |
|
19.02 |
20.60 |
22.59 |
22.55 |
24.67 |
21.66 |
21.48 |
19.99 |
28.55 |
37.63 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,111 |
2,072 |
2,133 |
1,989 |
2,172 |
2,405 |
2,513 |
1,920 |
2,122 |
2,521 |
Invested Capital Turnover |
|
1.41 |
1.54 |
1.62 |
1.63 |
1.91 |
1.65 |
1.62 |
1.64 |
2.28 |
2.35 |
Increase / (Decrease) in Invested Capital |
|
-55 |
-38 |
60 |
-143 |
182 |
233 |
108 |
-593 |
201 |
399 |
Enterprise Value (EV) |
|
1,775 |
2,470 |
2,281 |
2,296 |
2,289 |
2,533 |
2,702 |
1,887 |
2,043 |
3,535 |
Market Capitalization |
|
1,749 |
2,370 |
2,201 |
2,239 |
2,212 |
2,509 |
2,665 |
1,778 |
2,020 |
3,681 |
Book Value per Share |
|
$33.01 |
$31.71 |
$31.83 |
$29.23 |
$32.51 |
$36.72 |
$38.65 |
$27.49 |
$27.96 |
$35.15 |
Tangible Book Value per Share |
|
$31.66 |
$30.47 |
$30.69 |
$28.18 |
$31.54 |
$35.74 |
$37.70 |
$26.55 |
$27.04 |
$34.24 |
Total Capital |
|
2,111 |
2,072 |
2,133 |
1,989 |
2,172 |
2,405 |
2,513 |
1,920 |
2,122 |
2,521 |
Total Debt |
|
290 |
320 |
371 |
372 |
372 |
373 |
373 |
398 |
574 |
574 |
Total Long-Term Debt |
|
290 |
320 |
371 |
372 |
372 |
373 |
373 |
398 |
574 |
574 |
Net Debt |
|
26 |
100 |
80 |
57 |
78 |
24 |
37 |
109 |
23 |
-146 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
28 |
0.00 |
0.00 |
-0.03 |
-0.00 |
-30 |
-13 |
Net Nonoperating Expense (NNE) |
|
0.00 |
-0.02 |
-0.02 |
-16 |
-17 |
0.00 |
0.00 |
43 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
290 |
320 |
371 |
372 |
372 |
373 |
373 |
398 |
574 |
574 |
Total Depreciation and Amortization (D&A) |
|
48 |
53 |
55 |
59 |
65 |
68 |
79 |
82 |
72 |
73 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.35 |
$1.32 |
$2.62 |
($0.10) |
$5.78 |
$6.77 |
$4.48 |
($9.26) |
$1.74 |
$8.45 |
Adjusted Weighted Average Basic Shares Outstanding |
|
55.16M |
55.29M |
55.33M |
55.34M |
55.36M |
55.36M |
55.37M |
110.74M |
55.37M |
55.39M |
Adjusted Diluted Earnings per Share |
|
$1.35 |
$1.32 |
$2.62 |
($0.10) |
$5.78 |
$6.77 |
$4.48 |
($9.26) |
$1.74 |
$8.45 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
55.16M |
55.29M |
55.33M |
55.34M |
55.36M |
55.36M |
55.37M |
110.74M |
55.37M |
55.39M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.78 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
55.16M |
55.29M |
55.33M |
55.34M |
55.36M |
55.36M |
55.37M |
110.74M |
55.37M |
55.39M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
49 |
49 |
145 |
-21 |
320 |
375 |
248 |
-470 |
96 |
468 |
Normalized NOPAT Margin |
|
1.64% |
1.54% |
4.26% |
-0.64% |
8.06% |
9.94% |
6.24% |
-12.95% |
2.09% |
8.59% |
Pre Tax Income Margin |
|
2.35% |
2.19% |
4.91% |
-0.91% |
9.52% |
12.17% |
7.53% |
-18.50% |
2.16% |
10.56% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
22.27 |
17.87 |
11.02 |
-1.80 |
23.19 |
26.89 |
17.49 |
-38.92 |
4.11 |
18.65 |
NOPAT to Interest Expense |
|
23.51 |
18.43 |
9.55 |
-1.26 |
18.79 |
21.97 |
14.49 |
-27.25 |
3.99 |
15.18 |
EBIT Less CapEx to Interest Expense |
|
22.27 |
17.87 |
11.02 |
-3.44 |
23.19 |
26.89 |
17.49 |
-38.92 |
5.35 |
19.06 |
NOPAT Less CapEx to Interest Expense |
|
23.51 |
18.43 |
9.55 |
-2.90 |
18.79 |
21.97 |
14.49 |
-27.25 |
5.22 |
15.59 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
183.12% |
187.83% |
95.16% |
-2,417.56% |
41.25% |
37.28% |
56.56% |
-20.57% |
73.00% |
15.03% |
Augmented Payout Ratio |
|
183.12% |
187.83% |
95.16% |
-2,417.56% |
41.25% |
37.28% |
56.56% |
-20.57% |
73.00% |
15.03% |
Quarterly Metrics And Ratios for Mercury General
This table displays calculated financial ratios and metrics derived from Mercury General's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-3.44% |
9.79% |
37.50% |
37.93% |
18.22% |
19.14% |
14.95% |
20.37% |
43.75% |
-0.60% |
9.51% |
EBITDA Growth |
|
-760.75% |
-99.30% |
80.65% |
82.77% |
102.74% |
63,907.75% |
338.56% |
316.60% |
10,078.52% |
-44.11% |
-217.36% |
EBIT Growth |
|
-3,712.57% |
-149.74% |
75.48% |
77.44% |
88.19% |
1,471.99% |
243.72% |
222.69% |
1,984.98% |
-48.10% |
-259.49% |
NOPAT Growth |
|
-3,712.57% |
-139.84% |
75.48% |
77.44% |
88.19% |
1,676.54% |
269.05% |
246.03% |
2,265.57% |
-47.19% |
-235.59% |
Net Income Growth |
|
-7,732.22% |
-122.22% |
77.00% |
80.28% |
91.63% |
2,926.67% |
262.21% |
250.61% |
2,906.08% |
-47.19% |
-247.46% |
EPS Growth |
|
-9,000.00% |
-121.43% |
76.97% |
80.26% |
91.57% |
2,983.33% |
262.20% |
250.67% |
2,880.00% |
-47.40% |
-247.37% |
Operating Cash Flow Growth |
|
-18.80% |
-7.94% |
-82.95% |
-1.28% |
35.93% |
232.76% |
959.96% |
218.86% |
160.14% |
10.20% |
-135.68% |
Free Cash Flow Firm Growth |
|
305.71% |
848.11% |
1,670.80% |
-55.83% |
-107.66% |
-101.73% |
-159.59% |
-316.49% |
-561.78% |
-2,871.46% |
-60.95% |
Invested Capital Growth |
|
-23.75% |
-23.59% |
-16.37% |
-9.18% |
1.47% |
10.49% |
14.16% |
20.25% |
25.07% |
18.79% |
9.96% |
Revenue Q/Q Growth |
|
14.68% |
28.04% |
-3.98% |
-2.18% |
-1.71% |
29.04% |
-7.36% |
2.44% |
17.38% |
-10.77% |
2.06% |
EBITDA Q/Q Growth |
|
55.64% |
100.36% |
-11,266.75% |
4.39% |
107.04% |
8,411.67% |
-58.38% |
-13.19% |
231.00% |
-53.27% |
-187.40% |
EBIT Q/Q Growth |
|
52.49% |
86.55% |
-257.94% |
1.40% |
75.12% |
1,662.45% |
-62.50% |
-15.83% |
282.26% |
-56.98% |
-215.22% |
NOPAT Q/Q Growth |
|
52.49% |
86.55% |
-257.94% |
1.40% |
75.12% |
1,895.39% |
-61.62% |
-14.83% |
268.97% |
-56.22% |
-198.56% |
Net Income Q/Q Growth |
|
53.34% |
93.11% |
-568.85% |
8.27% |
80.20% |
2,426.41% |
-61.62% |
-14.83% |
268.97% |
-56.22% |
-207.18% |
EPS Q/Q Growth |
|
53.16% |
93.26% |
-583.33% |
8.54% |
80.00% |
2,406.67% |
-61.56% |
-15.04% |
269.03% |
-56.35% |
-207.69% |
Operating Cash Flow Q/Q Growth |
|
1.85% |
-24.73% |
-73.16% |
379.83% |
40.24% |
84.26% |
-14.52% |
44.34% |
14.42% |
-21.94% |
-127.68% |
Free Cash Flow Firm Q/Q Growth |
|
55.81% |
14.33% |
-43.15% |
-56.38% |
-127.03% |
74.25% |
-1,863.28% |
-58.47% |
17.39% |
-15.62% |
-6.34% |
Invested Capital Q/Q Growth |
|
-5.69% |
0.04% |
-0.66% |
-3.09% |
5.37% |
8.93% |
2.64% |
2.07% |
9.60% |
3.46% |
-4.99% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
-12.27% |
0.03% |
-4.05% |
-3.96% |
0.28% |
18.73% |
8.41% |
7.13% |
20.11% |
10.53% |
-9.02% |
EBIT Margin |
|
-14.39% |
-1.51% |
-5.64% |
-5.68% |
-1.44% |
17.41% |
7.05% |
5.79% |
18.85% |
9.09% |
-10.26% |
Profit (Net Income) Margin |
|
-10.97% |
-0.59% |
-4.11% |
-3.85% |
-0.78% |
14.00% |
5.80% |
4.82% |
15.16% |
7.44% |
-7.81% |
Tax Burden Percent |
|
76.26% |
39.04% |
72.95% |
67.87% |
54.02% |
80.44% |
82.34% |
83.32% |
80.42% |
81.84% |
76.13% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
19.56% |
17.66% |
16.68% |
19.58% |
18.16% |
0.00% |
Return on Invested Capital (ROIC) |
|
-15.99% |
-1.73% |
-7.39% |
-8.64% |
-2.28% |
31.91% |
13.55% |
11.82% |
37.71% |
17.45% |
-17.48% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
-18.16% |
-0.34% |
-7.84% |
-8.33% |
-1.77% |
31.91% |
13.55% |
11.82% |
37.71% |
17.45% |
-19.00% |
Return on Net Nonoperating Assets (RNNOA) |
|
-3.67% |
-0.07% |
-1.91% |
-2.23% |
-0.57% |
10.10% |
4.52% |
3.96% |
13.37% |
5.73% |
-6.37% |
Return on Equity (ROE) |
|
-19.66% |
-1.80% |
-9.31% |
-10.88% |
-2.86% |
42.01% |
18.07% |
15.79% |
51.09% |
23.18% |
-23.85% |
Cash Return on Invested Capital (CROIC) |
|
7.44% |
5.56% |
1.80% |
-0.10% |
-7.10% |
-5.20% |
-2.70% |
-2.71% |
3.19% |
2.98% |
3.03% |
Operating Return on Assets (OROA) |
|
-7.68% |
-0.83% |
-3.34% |
-3.64% |
-0.94% |
11.77% |
4.81% |
4.01% |
13.64% |
6.42% |
-6.95% |
Return on Assets (ROA) |
|
-5.85% |
-0.32% |
-2.44% |
-2.47% |
-0.51% |
9.47% |
3.96% |
3.34% |
10.97% |
5.26% |
-5.29% |
Return on Common Equity (ROCE) |
|
-19.66% |
-1.80% |
-9.31% |
-10.88% |
-2.86% |
42.01% |
18.07% |
15.79% |
51.09% |
23.18% |
-23.85% |
Return on Equity Simple (ROE_SIMPLE) |
|
-30.74% |
0.00% |
-24.74% |
-13.71% |
-7.41% |
0.00% |
13.41% |
19.36% |
29.98% |
0.00% |
15.72% |
Net Operating Profit after Tax (NOPAT) |
|
-90 |
-12 |
-43 |
-43 |
-11 |
191 |
73 |
63 |
231 |
101 |
-100 |
NOPAT Margin |
|
-10.07% |
-1.06% |
-3.94% |
-3.98% |
-1.01% |
14.00% |
5.80% |
4.82% |
15.16% |
7.44% |
-7.18% |
Net Nonoperating Expense Percent (NNEP) |
|
2.16% |
-1.39% |
0.45% |
-0.32% |
-0.51% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
1.52% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
114.39% |
101.51% |
105.64% |
105.68% |
101.44% |
82.59% |
92.95% |
94.21% |
81.15% |
90.91% |
110.26% |
Earnings before Interest and Taxes (EBIT) |
|
-129 |
-17 |
-62 |
-61 |
-15 |
238 |
89 |
75 |
287 |
123 |
-142 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-110 |
0.40 |
-45 |
-43 |
3.01 |
256 |
107 |
92 |
306 |
143 |
-125 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.96 |
1.17 |
1.15 |
1.16 |
1.10 |
1.30 |
1.77 |
1.78 |
1.87 |
1.89 |
1.70 |
Price to Tangible Book Value (P/TBV) |
|
0.99 |
1.21 |
1.20 |
1.20 |
1.14 |
1.35 |
1.83 |
1.84 |
1.93 |
1.94 |
1.75 |
Price to Revenue (P/Rev) |
|
0.42 |
0.49 |
0.43 |
0.38 |
0.34 |
0.44 |
0.60 |
0.59 |
0.64 |
0.68 |
0.56 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
20.97 |
13.20 |
9.22 |
6.25 |
7.87 |
10.82 |
Dividend Yield |
|
8.32% |
5.93% |
5.22% |
4.33% |
4.65% |
3.48% |
2.48% |
2.39% |
2.02% |
1.91% |
2.27% |
Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
4.77% |
7.57% |
10.85% |
16.01% |
12.71% |
9.24% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.79 |
0.98 |
0.98 |
0.93 |
0.84 |
0.96 |
1.32 |
1.31 |
1.41 |
1.40 |
1.00 |
Enterprise Value to Revenue (EV/Rev) |
|
0.43 |
0.52 |
0.47 |
0.41 |
0.37 |
0.44 |
0.60 |
0.58 |
0.63 |
0.65 |
0.43 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
11.90 |
8.93 |
6.35 |
4.53 |
5.45 |
5.73 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
20.54 |
11.50 |
7.51 |
5.00 |
6.15 |
6.95 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
21.20 |
13.41 |
9.11 |
6.17 |
7.55 |
8.34 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
4.23 |
5.35 |
7.05 |
6.52 |
5.52 |
4.51 |
4.60 |
3.55 |
3.40 |
3.41 |
3.08 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
9.18 |
15.31 |
49.30 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
49.27 |
51.10 |
34.48 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.24 |
0.26 |
0.31 |
0.32 |
0.42 |
0.37 |
0.36 |
0.35 |
0.31 |
0.30 |
0.32 |
Long-Term Debt to Equity |
|
0.24 |
0.26 |
0.31 |
0.32 |
0.42 |
0.37 |
0.36 |
0.35 |
0.31 |
0.30 |
0.32 |
Financial Leverage |
|
0.20 |
0.21 |
0.24 |
0.27 |
0.32 |
0.32 |
0.33 |
0.34 |
0.35 |
0.33 |
0.34 |
Leverage Ratio |
|
3.58 |
3.63 |
3.94 |
4.31 |
4.58 |
4.44 |
4.57 |
4.73 |
4.66 |
4.41 |
4.80 |
Compound Leverage Factor |
|
3.58 |
3.63 |
3.94 |
4.31 |
4.58 |
4.44 |
4.57 |
4.73 |
4.66 |
4.41 |
4.80 |
Debt to Total Capital |
|
19.44% |
20.74% |
23.51% |
24.26% |
29.45% |
27.04% |
26.35% |
25.82% |
23.56% |
22.78% |
23.98% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
19.44% |
20.74% |
23.51% |
24.26% |
29.45% |
27.04% |
26.35% |
25.82% |
23.56% |
22.78% |
23.98% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
80.56% |
79.26% |
76.49% |
75.74% |
70.55% |
72.96% |
73.65% |
74.18% |
76.44% |
77.22% |
76.02% |
Debt to EBITDA |
|
-0.70 |
-0.68 |
-1.12 |
-2.28 |
-6.83 |
3.34 |
1.78 |
1.25 |
0.75 |
0.89 |
1.38 |
Net Debt to EBITDA |
|
-0.07 |
-0.18 |
-0.44 |
-0.46 |
-1.43 |
0.13 |
0.14 |
-0.08 |
-0.06 |
-0.23 |
-1.71 |
Long-Term Debt to EBITDA |
|
-0.70 |
-0.68 |
-1.12 |
-2.28 |
-6.83 |
3.34 |
1.78 |
1.25 |
0.75 |
0.89 |
1.38 |
Debt to NOPAT |
|
-0.86 |
-0.85 |
-1.34 |
-2.38 |
-5.26 |
5.96 |
2.67 |
1.80 |
1.03 |
1.23 |
2.01 |
Net Debt to NOPAT |
|
-0.09 |
-0.23 |
-0.53 |
-0.48 |
-1.10 |
0.24 |
0.20 |
-0.11 |
-0.08 |
-0.31 |
-2.48 |
Long-Term Debt to NOPAT |
|
-0.86 |
-0.85 |
-1.34 |
-2.38 |
-5.26 |
5.96 |
2.67 |
1.80 |
1.03 |
1.23 |
2.01 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
508 |
581 |
330 |
144 |
-39 |
-10 |
-197 |
-312 |
-258 |
-298 |
-317 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
118.84 |
131.66 |
66.94 |
25.95 |
-6.57 |
-1.29 |
-25.31 |
-39.97 |
-33.37 |
-39.51 |
-44.04 |
Operating Cash Flow to Interest Expense |
|
21.05 |
15.36 |
3.69 |
15.71 |
20.66 |
29.00 |
24.78 |
35.65 |
41.22 |
32.96 |
-9.56 |
Operating Cash Flow Less CapEx to Interest Expense |
|
21.05 |
15.36 |
3.89 |
20.91 |
20.66 |
29.00 |
24.78 |
35.65 |
42.87 |
32.96 |
-9.56 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.53 |
0.55 |
0.59 |
0.64 |
0.66 |
0.68 |
0.68 |
0.69 |
0.72 |
0.71 |
0.68 |
Fixed Asset Turnover |
|
18.76 |
19.99 |
22.47 |
24.15 |
25.92 |
28.55 |
30.68 |
33.94 |
38.32 |
37.63 |
37.84 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,920 |
1,920 |
1,908 |
1,849 |
1,948 |
2,122 |
2,178 |
2,223 |
2,436 |
2,521 |
2,395 |
Invested Capital Turnover |
|
1.59 |
1.64 |
1.87 |
2.17 |
2.27 |
2.28 |
2.34 |
2.45 |
2.49 |
2.35 |
2.43 |
Increase / (Decrease) in Invested Capital |
|
-598 |
-593 |
-374 |
-187 |
28 |
201 |
270 |
374 |
488 |
399 |
217 |
Enterprise Value (EV) |
|
1,516 |
1,887 |
1,862 |
1,715 |
1,631 |
2,043 |
2,884 |
2,907 |
3,445 |
3,535 |
2,386 |
Market Capitalization |
|
1,479 |
1,778 |
1,684 |
1,624 |
1,512 |
2,020 |
2,840 |
2,942 |
3,487 |
3,681 |
3,096 |
Book Value per Share |
|
$27.93 |
$27.49 |
$26.35 |
$25.29 |
$24.82 |
$27.96 |
$28.97 |
$29.78 |
$33.63 |
$35.15 |
$32.87 |
Tangible Book Value per Share |
|
$26.99 |
$26.55 |
$25.42 |
$24.36 |
$23.89 |
$27.04 |
$28.05 |
$28.86 |
$32.72 |
$34.24 |
$31.96 |
Total Capital |
|
1,920 |
1,920 |
1,908 |
1,849 |
1,948 |
2,122 |
2,178 |
2,223 |
2,436 |
2,521 |
2,395 |
Total Debt |
|
373 |
398 |
448 |
449 |
574 |
574 |
574 |
574 |
574 |
574 |
574 |
Total Long-Term Debt |
|
373 |
398 |
448 |
449 |
574 |
574 |
574 |
574 |
574 |
574 |
574 |
Net Debt |
|
37 |
109 |
178 |
91 |
120 |
23 |
44 |
-35 |
-42 |
-146 |
-711 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
-1.01 |
-29 |
0.00 |
0.00 |
0.00 |
-0.00 |
-13 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
8.07 |
-5.37 |
1.83 |
-1.30 |
-2.43 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
8.72 |
Net Nonoperating Obligations (NNO) |
|
373 |
398 |
448 |
449 |
574 |
574 |
574 |
574 |
574 |
574 |
574 |
Total Depreciation and Amortization (D&A) |
|
19 |
18 |
17 |
19 |
18 |
18 |
17 |
17 |
19 |
20 |
17 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($1.78) |
($0.12) |
($0.82) |
($0.75) |
($0.15) |
$3.46 |
$1.33 |
$1.13 |
$4.17 |
$1.82 |
($1.96) |
Adjusted Weighted Average Basic Shares Outstanding |
|
55.37M |
110.74M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.39M |
55.39M |
Adjusted Diluted Earnings per Share |
|
($1.78) |
($0.12) |
($0.82) |
($0.75) |
($0.15) |
$3.46 |
$1.33 |
$1.13 |
$4.17 |
$1.82 |
($1.96) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
55.37M |
110.74M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.38M |
55.38M |
55.39M |
55.39M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
55.37M |
110.74M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.37M |
55.39M |
55.39M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-90 |
-12 |
-43 |
-43 |
-11 |
191 |
73 |
63 |
231 |
101 |
-100 |
Normalized NOPAT Margin |
|
-10.07% |
-1.06% |
-3.94% |
-3.98% |
-1.01% |
14.00% |
5.80% |
4.82% |
15.16% |
7.44% |
-7.18% |
Pre Tax Income Margin |
|
-14.39% |
-1.51% |
-5.64% |
-5.68% |
-1.44% |
17.41% |
7.05% |
5.79% |
18.85% |
9.09% |
-10.26% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-30.17 |
-3.93 |
-12.59 |
-11.03 |
-2.57 |
30.62 |
11.48 |
9.63 |
37.20 |
16.39 |
-19.79 |
NOPAT to Interest Expense |
|
-21.12 |
-2.75 |
-8.81 |
-7.72 |
-1.80 |
24.63 |
9.45 |
8.02 |
29.92 |
13.41 |
-13.86 |
EBIT Less CapEx to Interest Expense |
|
-30.17 |
-3.93 |
-12.38 |
-5.83 |
-2.57 |
30.62 |
11.48 |
9.63 |
38.85 |
16.39 |
-19.79 |
NOPAT Less CapEx to Interest Expense |
|
-21.12 |
-2.75 |
-8.61 |
-2.52 |
-1.80 |
24.63 |
9.45 |
8.02 |
31.56 |
13.41 |
-13.86 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
-25.88% |
-20.57% |
-24.35% |
-36.64% |
-69.06% |
73.00% |
32.69% |
22.03% |
12.60% |
15.03% |
24.58% |
Augmented Payout Ratio |
|
-25.88% |
-20.57% |
-24.35% |
-36.64% |
-69.06% |
73.00% |
32.69% |
22.03% |
12.60% |
15.03% |
24.58% |
Key Financial Trends
Mercury General Corp (MCY) has displayed a mixed financial performance over the last four years, with notable variability in quarterly earnings and cash flows. Here’s an analysis of key trends and metrics from their income statements, cash flow statements, and balance sheets up to Q1 2025.
- The company earned solid premium revenues consistently, with premiums earned rising from around $1.0 billion in early 2023 to over $1.3 billion by 2024 Q4 and staying above $1.28 billion in Q1 2025, showing underlying strength in its core insurance operations.
- Despite some quarterly volatility, Mercury reported positive net income in several quarters of 2023 and 2024, including Q3 and Q4 2024 showing strong net incomes of $230.9 million and $101.1 million respectively, before a sizable Q1 2025 loss negatively affected this trend.
- Total assets increased steadily from approximately $6.6 billion in early 2023 to almost $9.0 billion by Q1 2025, reflecting growth in investment and insurance-related assets such as trading securities and unearned premiums.
- Cash and cash equivalents more than doubled from about $270 million in Q1 2023 to over $1.28 billion in Q1 2025, indicating a strong liquidity position.
- The company managed dividends consistently, paying a stable dividend per share of around $0.3175 each quarter across the years, signaling a commitment to shareholder returns.
- Long-term debt remained relatively stable in the $450 million to $575 million range over recent quarters, showing controlled leverage without major new borrowings or repayments.
- Amortization expenses have risen from about $164 million in early 2023 to over $228 million by Q1 2025, which could reflect capitalized acquisition costs or intangibles being expensed, impacting earnings quality.
- Net interest expense has increased slightly as long-term debt interest expense rose to approximately $7.2 million in Q1 2025, which is a modest cost given the size of the balance sheet.
- Q1 2025 showed a significant loss of about $108 million, reversing previous quarterly profits and driven by a large negative pre-tax income of approximately $142 million and heavy non-interest expenses including high property and liability insurance claims ($1.22 billion).
- Net realized and unrealized capital gains fell dramatically in the latest quarter, contributing less positively compared to prior quarters (e.g., a gain of $23 million in Q1 2025 versus losses or gains in the hundreds of millions in prior quarters), indicating volatility in investment returns.
Summary: Mercury General has experienced growth in premiums, assets, and maintained liquidity and dividends steadily. However, the large loss in Q1 2025 and rising amortization expenses mark areas of concern. The investment portfolio's fluctuating capital gains also contribute variability to earnings. Investors should watch future quarters closely to see if recent losses are transitory or signal a broader trend.
08/29/25 04:09 AM ETAI Generated. May Contain Errors.