Mercury General CoR soars 16 pts as inflation, supply chain issues pressure auto lines
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Mercury General CoR soars 16 pts as inflation, supply chain issues pressure auto lines

Mercury General logo cars traffic.jpg

Personal auto-focused carrier Mercury General’s combined ratio deteriorated by 16 points to 109.5%, driven by rising inflation, supply chain pressures and labor shortages.

The California-based company said social inflation also factored into its operating loss of $0.77 per share for the period, reversing a year-ago operating profit of $1.34

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