Mercury General beats earnings estimates with strong underwriting, but shares dip post-report.

Mercury General (NYSE:MCY) reported third-quarter 2025 earnings of $5.06 per share, far exceeding the $2.15 estimate, driven by a 4.9% year-over-year revenue increase to $1.58 billion and a strong underwriting performance that improved the combined ratio to 87% from an expected 90.5%. Net premiums earned rose 6.8% to $1.41 billion, and book value per share grew 19.8% annually. Despite the positive results, shares fell 2.3% to $78.04 post-earnings. The company, focused on personal auto and property insurance in 11 U.S. states, has a market cap of $4.22 billion and a 52-week range of $44.19 to $87.67.