The Latest Breaking News from Mercury General

Increasing threats and surging awareness about the benefits are brightening the prospects for the insurance industry. Amid this, let’s compare Mercury General (MCY) and Goosehead Insurance (GSHD) to analyze which insurance stock offers better value. Read on to find out….

Given solid economic growth and asset ownership driving demand for property and casualty (P&C) insurance coverage, along with innovations in technology, P&C insurers can capitalize on market opportunities and sustain long-term profitability. So, let’s determine if you should buy, hold, or sell insurance stocks Berkshire Hathaway (BRK.B) and Mercury General…

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

  According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Mercury General (NYSE:MCY) brought in sales totaling $805.46 million during Q1 according to data provided by Benzinga Pro. However, earnings decreased 746.2%, resulting in a loss of $196.92 million.

Mercury General (NYSE:MCY) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Mercury General missed estimated earnings by 218.46%, reporting an EPS of $-0.77 versus an estimate of $0.65.

According to Benzinga Pro, during Q4, Mercury General (NYSE:MCY) earned $30.47 million, a 2265.92% increase from the preceding quarter. Mercury General also posted a total of $994.57 million in sales, a 6.69% increase since Q3.