Mercury General swings to Q4 $51.7mn U/W loss as core LR deteriorates 13pts

February 15, 2022

Mercury General swung to an underwriting loss of $51.7mn during the fourth quarter of 2021 as the company’s underlying loss ratio deteriorated 12.9 points to 79.5% from 66.6% in Q4 2020.

The Los Angeles, California-based insurer posted a $0.23 loss per share during the last quarter of the year from a $1.38

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