Mercury General: 2Q Earnings Snapshot

By The Associated Press

LOS ANGELES (AP) _ Mercury General Corp. (MCY) on Monday reported second-quarter earnings of $228.2 million.

The Los Angeles-based company said it had net income of $4.12 per share. Earnings, adjusted for investment gains, were $1.86 per share.

The auto insurance company posted revenue of $1.01 billion in the period. Its adjusted revenue was $847.4 million.

Mercury General shares have decreased 12% since the beginning of the year. The stock has fallen 24% in the last 12 months.

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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

The Associated Press

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