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

August 02, 2022

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,

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