Mercury in California Says Net Premiums Rose, Net Income Fell in 3Q

Mercury General Corp. reported net written premiums rose 8 percent for the third quarter from a year ago.

The board of directors for the Los Angeles, Calif.-based carrier also declared a quarterly dividend of 62 cents per share. The dividend will be paid on Dec. 29 to shareholders of record on Dec. 15.

Mercury reported net income fell 51.2 percent from the third quarter of 2014 and net income per diluted share fell 29 cents from 57 cents from last year to 28 cents this year.

Total revenues rose to 75.4 million from 71.9 million, with most of that increase from net premium earned.