LOS ANGELES, Aug. 4, 2026 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the second quarter of 2026: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2026 2025 $ % 2026 2025 $ % (000's except per-share amounts and ratios) Net premiums earned (2) $ 1,497,767 $ 1,366,738 $ 131,029 9.6 $ 2,950,180 $ 2,649,808 $ 300,372 11.3 Net premiums written (1) (2) $ 1,559,045 $ 1,480,807 $ 78,238 5.3 $ 3,109,163 $ 2,795,188 $ 313,975 11.2 Direct premiums written (1) $ 1,623,583 $ 1,484,985 $ 138,598 9.3 $ 3,196,324 $ 2,930,428 $ 265,896 9.1 Net realized investment gains, net of tax (3) $ 68,344 $ 18,549 $ 49,795 268.5 $ 64,756 $ 36,973 $ 27,783 75.1 Net income $ 263,502 $ 166,472 $ 97,030 58.3 $ 453,922 $ 58,145 $ 395,777 680.7 Net income per diluted share $ 4.76 $ 3.01 $ 1.75 58.1 $ 8.20 $ 1.05 $ 7.15 681.0 Operating income (1) $ 195,158 $ 147,923 $ 47,235 31.9 $ 389,166 $ 21,172 $ 367,994 1,738.1 Operating income per diluted share (1) $ 3.52 $ 2.67 $ 0.85 31.8 $ 7.03 $ 0.38 $ 6.65 1,750.0 Catastrophe losses net of reinsurance (4) $ 75,000 $ 13,000 $ 62,000 476.9 $ 168,000 $ 460,000 $ (292,000) (63.5) Combined ratio (5) 89.9 % 92.5 % — (2.6) pts 89.6 % 105.4 % — (15.8) pts (1) These measures are not based on U.S. generally accepted accounting principles ("GAAP"), are defined in "Information Regarding GAAP and Non-GAAP Measures" and are reconciled to the most directly comparable GAAP measures in "Supplemental Schedules." (2) Net premiums earned for the three months ended June 30, 2025 includes $51 million of ceded premiums earned related to reinstatement premiums.
