Inflation bites Mercury General, sending CoR up nearly 12 points to 106.6%
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Inflation bites Mercury General, sending CoR up nearly 12 points to 106.6%

Eileen AJ Connelly
August 02, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Mercury general los angeles v2.jpg

Mercury General’s combined ratio swelled 11.7 points to 106.6% in the second quarter, as inflationary pressures continued to impact the personal auto-focused carrier’s results.

The California-based insurer posted a net operating loss of $19.6mn, or -$0.35 per share, reversing an operating profit of $62.7mn,

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsResultsMercury GeneralEarnings
Eileen Connelly.png
Eileen AJ Connelly
Contributing Editor
Gift this article