Mercury General underwriting profits rise 60% as frequency benefits outweigh $39mn in cats
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Mercury General underwriting profits rise 60% as frequency benefits outweigh $39mn in cats

James Thaler
May 04, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Mercury general logo los angeles.jpg

Mercury General’s underwriting income grew by 60%, to nearly $60mn in the first quarter, as the benefits from lower claims frequency outweighed a sharp rise in catastrophe losses, mostly from Winter Storm Uri.

The California-based underwriter reported $1.34 a share in operating income, a 25% gain over the year before, despite net investment income (NII) coming in lower.

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsResultsPersonal LinesMercury General
JT
James Thaler
Gift this article